Alexandria Real Estate Equities (NYSE:ARE) Chairman Purchases $320,400.00 in Stock

Alexandria Real Estate Equities, Inc. (NYSE:ARE) Chairman Joel Marcus bought 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, with a total value of $320,400.00. Following the acquisition, the chairman directly owned 587,724 shares in the company, valued at $25,107,569.28. The trade was a 1.29% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Alexandria Real Estate Equities Stock Up 1.4%

Alexandria Real Estate Equities stock opened at $46.23 on Friday. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $39.41 and a fifty-two week high of $88.24. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.20 and a current ratio of 0.20. The firm has a 50 day moving average price of $47.38 and a 200 day moving average price of $51.84. The company has a market capitalization of $8.06 billion, a PE ratio of -7.37, a price-to-earnings-growth ratio of 5.52 and a beta of 1.12.

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

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a $0.72 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $2.88 annualized dividend and a dividend yield of 6.2%. Alexandria Real Estate Equities’s payout ratio is -45.93%.

Hedge Funds Weigh In On Alexandria Real Estate Equities

A number of institutional investors and hedge funds have recently modified their holdings of the company. DNB Asset Management AS lifted its position in Alexandria Real Estate Equities by 121.4% in the third quarter. DNB Asset Management AS now owns 92,657 shares of the real estate investment trust’s stock valued at $7,722,000 after acquiring an additional 50,810 shares during the last quarter. Nan Fung Trinity HK Ltd. purchased a new stake in Alexandria Real Estate Equities in the third quarter valued at $14,664,000. Harvey Capital Management Inc. lifted its position in Alexandria Real Estate Equities by 91.8% in the third quarter. Harvey Capital Management Inc. now owns 45,600 shares of the real estate investment trust’s stock valued at $3,800,000 after acquiring an additional 21,825 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC raised its holdings in shares of Alexandria Real Estate Equities by 159.3% in the third quarter. Cbre Investment Management Listed Real Assets LLC now owns 491,416 shares of the real estate investment trust’s stock valued at $40,955,000 after buying an additional 301,906 shares during the last quarter. Finally, Phoenix Financial Ltd. purchased a new stake in shares of Alexandria Real Estate Equities in the third quarter valued at about $1,957,000. Institutional investors and hedge funds own 96.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. BNP Paribas Exane dropped their price target on shares of Alexandria Real Estate Equities from $50.00 to $44.00 and set an “underperform” rating for the company in a research note on Tuesday, April 28th. Jefferies Financial Group dropped their price target on shares of Alexandria Real Estate Equities from $57.00 to $47.00 and set a “hold” rating for the company in a research note on Tuesday, April 14th. The Goldman Sachs Group assumed coverage on shares of Alexandria Real Estate Equities in a research note on Tuesday, February 3rd. They issued a “neutral” rating and a $60.00 price target for the company. JPMorgan Chase & Co. dropped their price target on shares of Alexandria Real Estate Equities from $63.00 to $57.00 and set a “neutral” rating for the company in a research note on Tuesday, March 10th. Finally, Mizuho dropped their price target on shares of Alexandria Real Estate Equities from $91.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, January 9th. Three analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $51.92.

Alexandria Real Estate Equities Company 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.