Joel Marcus Buys 5,000 Shares of Alexandria Real Estate Equities (NYSE:ARE) Stock

Alexandria Real Estate Equities, Inc. (NYSE:ARE) Chairman Joel Marcus acquired 5,000 shares of the stock in a transaction dated Monday, August 17th. The stock was bought at an average price of $46.28 per share, with a total value of $231,400.00. Following the purchase, the chairman directly owned 592,724 shares in the company, valued at $27,431,266.72. This represents a 0.85% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Alexandria Real Estate Equities Trading Up 4.9%

NYSE:ARE opened at $53.03 on Friday. Alexandria Real Estate Equities, Inc. has a 12 month low of $39.41 and a 12 month high of $88.24. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $9.24 billion, a price-to-earnings ratio of -8.75 and a beta of 1.15. The firm has a fifty day simple moving average of $50.57 and a two-hundred day simple moving average of $49.60.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results 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 return on equity of 5.21% and a negative net margin of 36.08%.The firm 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 company posted $2.33 EPS. The firm’s revenue was down 13.0% on a year-over-year basis. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. Analysts expect that Alexandria Real Estate Equities, Inc. will post 6.38 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.72 dividend. The ex-dividend date of this dividend was 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 -47.52%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ARE. Robert W. Baird reaffirmed a “neutral” rating and set a $46.00 target price (down from $67.00) on shares of Alexandria Real Estate Equities in a research report on Monday, May 4th. Zacks Research lowered Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating in a research report on Friday, July 17th. BMO Capital Markets raised their price objective on Alexandria Real Estate Equities from $52.00 to $54.00 and gave the company a “market perform” rating in a research note on Friday, June 12th. Royal Bank Of Canada cut their price objective on shares of Alexandria Real Estate Equities from $60.00 to $50.00 and set a “sector perform” rating on the stock in a report on Tuesday, May 5th. Finally, Citigroup increased their target price 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. Two analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $52.38.

Institutional Trading of Alexandria Real Estate Equities

A number of institutional investors and hedge funds have recently modified their holdings of ARE. Farther Finance Advisors LLC lifted its stake in shares of Alexandria Real Estate Equities by 18.1% in the 4th quarter. Farther Finance Advisors LLC now owns 1,228 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 188 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Alexandria Real Estate Equities by 0.9% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,443 shares of the real estate investment trust’s stock worth $1,711,000 after purchasing an additional 198 shares during the period. New Mexico Educational Retirement Board grew its stake in Alexandria Real Estate Equities by 2.9% in the fourth quarter. New Mexico Educational Retirement Board now owns 7,200 shares of the real estate investment trust’s stock worth $352,000 after purchasing an additional 200 shares during the period. CIBC Private Wealth Group LLC raised its holdings in Alexandria Real Estate Equities by 109.6% in the third quarter. CIBC Private Wealth Group LLC now owns 436 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 228 shares in the last quarter. Finally, Quarry LP raised its holdings in Alexandria Real Estate Equities by 33.9% in the fourth quarter. Quarry LP now owns 991 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 251 shares in the last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.

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.