Centersquare Investment Management LLC Increases Holdings in Alexandria Real Estate Equities, Inc. $ARE

by · The Markets Daily

Centersquare Investment Management LLC grew its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report) by 177.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,602,065 shares of the real estate investment trust’s stock after purchasing an additional 1,023,747 shares during the period. Centersquare Investment Management LLC’s holdings in Alexandria Real Estate Equities were worth $78,405,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Mattson Financial Services LLC lifted its holdings in shares of Alexandria Real Estate Equities by 573.4% in the 4th quarter. Mattson Financial Services LLC now owns 20,006 shares of the real estate investment trust’s stock valued at $979,000 after purchasing an additional 17,035 shares during the last quarter. Metis Global Partners LLC lifted its holdings in shares of Alexandria Real Estate Equities by 30.5% in the 4th quarter. Metis Global Partners LLC now owns 65,121 shares of the real estate investment trust’s stock valued at $3,187,000 after purchasing an additional 15,218 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Alexandria Real Estate Equities by 34.1% in the 4th quarter. Deutsche Bank AG now owns 1,068,358 shares of the real estate investment trust’s stock valued at $52,285,000 after purchasing an additional 271,945 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Alexandria Real Estate Equities by 87.3% in the 4th quarter. Franklin Resources Inc. now owns 74,554 shares of the real estate investment trust’s stock valued at $3,649,000 after purchasing an additional 34,754 shares during the last quarter. Finally, ING Groep NV purchased a new stake in shares of Alexandria Real Estate Equities in the 4th quarter valued at about $299,000. 96.54% of the stock is owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Stock Performance

Shares of ARE stock opened at $52.91 on Friday. The stock has a market capitalization of $9.22 billion, a PE ratio of -8.44, a price-to-earnings-growth ratio of 6.34 and a beta of 1.19. Alexandria Real Estate Equities, Inc. has a 52-week low of $39.41 and a 52-week high of $88.24. The stock’s 50-day moving average price is $46.95 and its 200 day moving average price is $49.97. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.65.

Alexandria Real Estate Equities (NYSE:ARE – Get Free Report) last issued its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.73. The firm had revenue of $671.02 million for the quarter, compared to analysts’ expectations of $684.78 million. Alexandria Real Estate Equities had a negative return on equity of 5.21% and a negative net margin of 36.03%.The firm’s revenue for the quarter was down 11.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.30 EPS. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.300-6.500 EPS. As a group, equities research analysts forecast that Alexandria Real Estate Equities, Inc. will post 6.4 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 5.4%. The ex-dividend date is Tuesday, June 30th. Alexandria Real Estate Equities’s payout ratio is -45.93%.

Insider Buying and Selling

In related news, EVP Hallie E. Kuhn sold 536 shares of the business’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $48.20, for a total value of $25,835.20. Following the transaction, the executive vice president owned 48,301 shares in the company, valued at $2,328,108.20. The trade was a 1.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Joel S. Marcus purchased 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was bought at an average price of $42.72 per share, for a total transaction of $320,400.00. Following the transaction, the chairman directly owned 587,724 shares in the company, valued at $25,107,569.28. This trade represents a 1.29% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ARE. Morgan Stanley reissued an “underweight” rating and issued a $53.00 target price on shares of Alexandria Real Estate Equities in a report on Thursday. Robert W. Baird reissued a “neutral” rating and issued a $46.00 target price (down from $67.00) on shares of Alexandria Real Estate Equities in a report on Monday, May 4th. JPMorgan Chase & Co. reduced their target price on Alexandria Real Estate Equities from $63.00 to $57.00 and set a “neutral” rating for the company in a report on Tuesday, March 10th. Cantor Fitzgerald reduced their target price on Alexandria Real Estate Equities from $60.00 to $43.00 and set a “neutral” rating for the company in a report on Wednesday, April 29th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Alexandria Real Estate Equities in a report on Monday, April 20th. Three research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Alexandria Real Estate Equities has a consensus rating of “Hold” and a consensus price target of $51.46.

Check Out Our Latest Stock Report on Alexandria Real Estate Equities

Alexandria Real Estate Equities Company Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding ARE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report).