Canada Pension Plan Investment Board Invests $56.97 Million in Alexandria Real Estate Equities, Inc. $ARE

Canada Pension Plan Investment Board acquired a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,077,936 shares of the real estate investment trust’s stock, valued at approximately $56,969,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. FNY Investment Advisers LLC acquired a new position in Alexandria Real Estate Equities in the second quarter valued at about $26,000. Basecamp Wealth Advisors LLC grew its position in shares of Alexandria Real Estate Equities by 3,723.5% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 650 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 633 shares during the period. CYBER HORNET ETFs LLC acquired a new position in shares of Alexandria Real Estate Equities during the 2nd quarter worth about $30,000. BOKF NA increased its stake in shares of Alexandria Real Estate Equities by 6,033.3% in the 3rd quarter. BOKF NA now owns 368 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 362 shares during the last quarter. Finally, MUFG Securities EMEA plc acquired a new stake in shares of Alexandria Real Estate Equities in the 2nd quarter valued at approximately $33,000. Institutional investors own 96.54% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ARE shares. Citigroup boosted their price objective on shares of Alexandria Real Estate Equities from $42.00 to $50.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Weiss Ratings reiterated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a report on Friday, July 17th. Royal Bank Of Canada reduced their price target on shares of Alexandria Real Estate Equities from $60.00 to $50.00 and set a “sector perform” rating on the stock in a research report on Tuesday, May 5th. BNP Paribas Exane boosted their price target on shares of Alexandria Real Estate Equities from $45.00 to $48.00 and gave the company an “underperform” rating in a report on Wednesday, August 5th. Finally, Wall Street Zen lowered shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Two analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $52.85.

Alexandria Real Estate Equities Stock Performance

Shares of ARE opened at $52.32 on Friday. Alexandria Real Estate Equities, Inc. has a 12 month low of $39.41 and a 12 month high of $88.24. The firm has a fifty day simple moving average of $50.73 and a 200 day simple moving average of $49.54. The stock has a market capitalization of $9.12 billion, a price-to-earnings ratio of -8.63 and a beta of 1.15. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.67.

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 the consensus estimate of $0.09 by ($0.52). The company had revenue of $662.78 million during the quarter, compared to the consensus estimate of $464.86 million. Alexandria Real Estate Equities had a negative net margin of 36.08% and a negative return on equity of 5.21%. Alexandria Real Estate Equities’s revenue was down 13.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.33 EPS. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. Research analysts forecast that Alexandria Real Estate Equities, Inc. will post 6.39 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date was Tuesday, June 30th. Alexandria Real Estate Equities’s dividend payout ratio is -47.52%.

Insiders Place Their Bets

In other Alexandria Real Estate Equities news, CFO Marc E. Binda sold 2,000 shares of the firm’s 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 completion of 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Joel S. Marcus acquired 5,000 shares of Alexandria Real Estate Equities stock in a transaction dated Monday, August 17th. The shares were purchased at an average price 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. This trade represents a 0.85% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.35% of the stock is currently owned by corporate insiders.

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.