Marc Binda Sells 2,000 Shares of Alexandria Real Estate Equities (NYSE:ARE) Stock

Alexandria Real Estate Equities, Inc. (NYSE:ARE) CFO Marc Binda sold 2,000 shares of the business’s stock in a transaction 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 owned 188,264 shares of the company’s stock, valued at approximately $10,166,256. The trade was a 1.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Alexandria Real Estate Equities Stock Up 0.7%

ARE stock opened at $53.15 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.20 and a quick ratio of 0.20. Alexandria Real Estate Equities, Inc. has a 1-year low of $39.41 and a 1-year high of $88.24. The firm has a fifty day moving average price of $47.14 and a two-hundred day moving average price of $49.99. The firm has a market cap of $9.26 billion, a price-to-earnings ratio of -8.48, a PEG ratio of 6.39 and a beta of 1.19.

Alexandria Real Estate Equities (NYSE:ARE) last released 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 analyst estimates of $684.78 million. During the same quarter in the previous year, the firm earned $2.30 earnings per share. The firm’s revenue for the quarter was down 11.5% compared to the same quarter last year. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.300-6.500 EPS. Research analysts predict that Alexandria Real Estate Equities, Inc. will post 6.4 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Citigroup restated an “outperform” rating on shares of Alexandria Real Estate Equities in a research report on Monday, May 4th. Cantor Fitzgerald lowered their price target on shares of Alexandria Real Estate Equities from $60.00 to $43.00 and set a “neutral” rating for the company in a research report on Wednesday, April 29th. Jefferies Financial Group lowered 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 report on Tuesday, April 14th. Morgan Stanley restated an “underweight” rating and set a $53.00 price target on shares of Alexandria Real Estate Equities in a research report on Thursday. Finally, JPMorgan Chase & Co. lowered 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 report on Tuesday, March 10th. Three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Alexandria Real Estate Equities presently has a consensus rating of “Hold” and a consensus target price of $51.62.

Hedge Funds Weigh In On Alexandria Real Estate Equities

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Pine Valley Investments Ltd Liability Co bought a new position in Alexandria Real Estate Equities in the 1st quarter valued at about $257,000. NewEdge Advisors LLC grew its position in Alexandria Real Estate Equities by 6,842.9% in the 1st quarter. NewEdge Advisors LLC now owns 5,346 shares of the real estate investment trust’s stock valued at $248,000 after buying an additional 5,269 shares in the last quarter. Glenmede Trust Co. NA bought a new position in Alexandria Real Estate Equities in the 1st quarter valued at about $335,000. Orographic Financial Advisors LLC bought a new position in Alexandria Real Estate Equities in the 1st quarter valued at about $307,000. Finally, Bank of America Corp DE grew its position in Alexandria Real Estate Equities by 55.0% in the 1st quarter. Bank of America Corp DE now owns 846,385 shares of the real estate investment trust’s stock valued at $39,289,000 after buying an additional 300,201 shares in the last quarter. Institutional investors own 96.54% of the company’s stock.

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.