Mitsubishi UFJ Asset Management Co. Ltd. Invests $17.75 Million in Alexandria Real Estate Equities, Inc. $ARE

Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 335,958 shares of the real estate investment trust’s stock, valued at approximately $17,755,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank acquired a new position in Alexandria Real Estate Equities in the 4th quarter worth about $805,429,000. Invesco Ltd. increased its position in shares of Alexandria Real Estate Equities by 57.9% in the fourth quarter. Invesco Ltd. now owns 6,033,304 shares of the real estate investment trust’s stock valued at $295,270,000 after buying an additional 2,211,424 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Alexandria Real Estate Equities by 1,022.1% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,813,955 shares of the real estate investment trust’s stock valued at $151,175,000 after buying an additional 1,652,298 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Alexandria Real Estate Equities during the 2nd quarter worth approximately $79,253,000. Finally, Freestone Grove Partners LP purchased a new position in shares of Alexandria Real Estate Equities during the 4th quarter valued at approximately $72,144,000. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Insider Transactions at Alexandria Real Estate Equities

In other news, CFO Marc E. Binda sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $54.00, for a total value of $108,000.00. Following the completion of the sale, the chief financial officer directly owned 188,264 shares in the company, valued at $10,166,256. This represents a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Joel S. Marcus purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was bought at an average cost of $46.28 per share, with a total value of $231,400.00. Following the acquisition, the chairman owned 592,724 shares of the company’s stock, valued at approximately $27,431,266.72. The trade was a 0.85% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 1.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on ARE shares. Mizuho dropped their price target on shares of Alexandria Real Estate Equities from $70.00 to $60.00 and set an “outperform” rating on the stock in a research note on Monday, July 6th. Robert W. Baird restated a “neutral” rating and set a $46.00 price objective (down from $67.00) on shares of Alexandria Real Estate Equities in a research report on Monday, May 4th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alexandria Real Estate Equities in a report on Friday, July 17th. Wall Street Zen lowered shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Finally, Royal Bank Of Canada cut their target price on shares of Alexandria Real Estate Equities from $60.00 to $50.00 and set a “sector perform” rating for the company in a research note on Tuesday, May 5th. Two equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $52.38.

Alexandria Real Estate Equities Stock Up 4.9%

Shares of ARE opened at $53.03 on Friday. The stock has a 50 day moving average price of $50.57 and a 200 day moving average price of $49.60. Alexandria Real Estate Equities, Inc. has a one year low of $39.41 and a one year high of $88.24. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.19 and a current ratio of 0.19. The stock has a market capitalization of $9.24 billion, a price-to-earnings ratio of -8.75 and a beta of 1.15.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.52). Alexandria Real Estate Equities had a negative net margin of 36.08% and a negative return on equity of 5.21%. The firm had revenue of $662.78 million during the quarter, compared to analysts’ expectations of $464.86 million. During the same quarter in the previous year, the business posted $2.33 EPS. The company’s revenue for the quarter was down 13.0% on a year-over-year basis. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. Equities research analysts forecast that Alexandria Real Estate Equities, Inc. will post 6.38 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend was Tuesday, June 30th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently -47.52%.

Alexandria Real Estate Equities Profile

Alexandria Real Estate Equities, Inc (NYSE: ARE) is a real estate investment trust specializing in the ownership, development and management of collaborative life science and technology campuses. The company’s properties are designed to support research and innovation by providing specialized laboratory, office and manufacturing space tailored to biotechnology, pharmaceutical, academic and related industries.

Since its founding in 1994, Alexandria has cultivated a diversified portfolio of campuses across leading innovation clusters in North America and Europe.