The Manufacturers Life Insurance Company Takes $7.21 Million Position in Alexandria Real Estate Equities, Inc. $ARE

The Manufacturers Life Insurance Company bought a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 136,483 shares of the real estate investment trust’s stock, valued at approximately $7,213,000. The Manufacturers Life Insurance Company owned 0.08% of Alexandria Real Estate Equities as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Alexandria Real Estate Equities in the 2nd quarter valued at approximately $1,146,423,000. Norges Bank bought a new stake in shares of Alexandria Real Estate Equities during the fourth quarter valued at approximately $805,429,000. State Street Corp increased its position in shares of Alexandria Real Estate Equities by 0.7% during the fourth quarter. State Street Corp now owns 11,348,192 shares of the real estate investment trust’s stock valued at $563,418,000 after purchasing an additional 75,161 shares during the period. Invesco Ltd. raised its stake 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 purchasing an additional 2,211,424 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Alexandria Real Estate Equities by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 4,459,453 shares of the real estate investment trust’s stock worth $217,466,000 after purchasing an additional 48,490 shares during the period. 96.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ARE has been the topic of several analyst reports. Morgan Stanley reissued an “underweight” rating and issued a $53.00 price target on shares of Alexandria Real Estate Equities in a report on Thursday, June 11th. Mizuho decreased their target price on shares of Alexandria Real Estate Equities from $70.00 to $60.00 and set an “outperform” rating on the stock in a research report on Monday, July 6th. Evercore reissued an “outperform” rating and issued a $57.00 target price on shares of Alexandria Real Estate Equities in a research note on Monday, August 17th. BMO Capital Markets increased their price target on shares of Alexandria Real Estate Equities from $52.00 to $54.00 and gave the stock a “market perform” rating in a research report on Friday, June 12th. Finally, BNP Paribas Exane raised their price target on shares of Alexandria Real Estate Equities from $45.00 to $48.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 5th. Two analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $52.85.

Alexandria Real Estate Equities Stock Up 0.2%

NYSE ARE opened at $51.65 on Monday. The stock’s 50 day simple moving average is $50.74 and its 200 day simple moving average is $49.51. Alexandria Real Estate Equities, Inc. has a one year low of $39.41 and a one year high of $88.24. The firm has a market cap of $9.00 billion, a PE ratio of -8.52 and a beta of 1.15. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.19 and a quick ratio of 0.19.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $662.78 million during the quarter, compared to the consensus estimate of $464.86 million. During the same quarter in the previous year, the firm posted $2.33 EPS. The company’s revenue for the quarter was down 13.0% compared to the same quarter last year. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. As a group, sell-side analysts forecast that Alexandria Real Estate Equities, Inc. will post 6.39 earnings per share for the current fiscal year.

Insider Activity

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

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.