Robeco Institutional Asset Management B.V. Sells 20,936 Shares of Alexandria Real Estate Equities, Inc. $ARE

Robeco Institutional Asset Management B.V. cut its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 15.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 118,059 shares of the real estate investment trust’s stock after selling 20,936 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.07% of Alexandria Real Estate Equities worth $9,839,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sound Income Strategies LLC acquired a new stake in Alexandria Real Estate Equities during the second quarter worth approximately $25,000. Loomis Sayles & Co. L P bought a new position in shares of Alexandria Real Estate Equities during the 2nd quarter worth approximately $27,000. American National Bank & Trust acquired a new stake in shares of Alexandria Real Estate Equities during the 2nd quarter worth approximately $29,000. CYBER HORNET ETFs LLC bought a new stake in shares of Alexandria Real Estate Equities in the 2nd quarter valued at $30,000. Finally, MUFG Securities EMEA plc bought a new stake in shares of Alexandria Real Estate Equities in the 2nd quarter valued at $33,000. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Price Performance

Shares of NYSE ARE opened at $53.98 on Friday. The company has a market capitalization of $9.33 billion, a PE ratio of -21.86, a PEG ratio of 6.40 and a beta of 1.31. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.65. The stock’s 50 day moving average price is $50.41 and its 200-day moving average price is $68.66. Alexandria Real Estate Equities, Inc. has a twelve month low of $44.10 and a twelve month high of $105.14.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $2.22 earnings per share for the quarter, missing the consensus estimate of $2.31 by ($0.09). The company had revenue of $751.94 million for the quarter, compared to the consensus estimate of $752.90 million. Alexandria Real Estate Equities had a negative net margin of 13.43% and a negative return on equity of 1.89%. Alexandria Real Estate Equities’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.37 EPS. Alexandria Real Estate Equities has set its FY 2025 guidance at 8.980-9.040 EPS. On average, equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities announced that its Board of Directors has initiated a share buyback plan on Monday, December 8th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the real estate investment trust to reacquire up to 6.4% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Alexandria Real Estate Equities Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Wednesday, December 31st. Alexandria Real Estate Equities’s dividend payout ratio is presently -116.60%.

Insider Activity at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, Director Sheila K. Mcgrath acquired 3,100 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were bought at an average price of $45.60 per share, for a total transaction of $141,360.00. Following the completion of the transaction, the director owned 8,392 shares of the company’s stock, valued at approximately $382,675.20. This represents a 58.58% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ARE shares. Citigroup reduced their price target on shares of Alexandria Real Estate Equities from $61.00 to $52.00 and set a “neutral” rating for the company in a report on Thursday, December 4th. Robert W. Baird reduced their target price on Alexandria Real Estate Equities from $73.00 to $67.00 and set an “outperform” rating for the company in a research note on Thursday, December 4th. Cantor Fitzgerald set a $46.00 target price on Alexandria Real Estate Equities in a research report on Monday. Morgan Stanley started coverage on Alexandria Real Estate Equities in a report on Friday. They issued an “equal weight” rating and a $55.00 price target on the stock. Finally, Royal Bank Of Canada reduced their price objective on Alexandria Real Estate Equities from $98.00 to $65.00 and set a “sector perform” rating for the company in a research note on Monday, November 3rd. Four research analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $68.56.

About Alexandria Real Estate Equities

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.