Alexandria Real Estate Equities (NYSE:ARE) EVP Hallie Kuhn Sells 536 Shares

Alexandria Real Estate Equities, Inc. (NYSE:ARE) EVP Hallie Kuhn sold 536 shares of Alexandria Real Estate Equities stock in a transaction on Friday, April 17th. The shares were sold at an average price of $48.20, for a total value of $25,835.20. Following the completion of the transaction, the executive vice president owned 48,301 shares in the company, valued at $2,328,108.20. The trade was a 1.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, 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 Down 2.3%

Shares of ARE traded down $1.13 during midday trading on Tuesday, reaching $47.85. 1,420,171 shares of the company were exchanged, compared to its average volume of 2,507,273. The stock has a 50-day moving average price of $49.35 and a 200-day moving average price of $54.30. The company has a market cap of $8.28 billion, a price-to-earnings ratio of -5.67, a P/E/G ratio of 5.88 and a beta of 1.33. Alexandria Real Estate Equities, Inc. has a 1-year low of $41.44 and a 1-year high of $88.24. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.65.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, January 26th. The real estate investment trust reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.01. The company had revenue of $754.41 million for the quarter, compared to analysts’ expectations of $742.64 million. Alexandria Real Estate Equities had a negative return on equity of 6.82% and a negative net margin of 47.23%.The firm’s quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.39 earnings per share. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.250-6.550 EPS. Research analysts expect that Alexandria Real Estate Equities, Inc. will post 6.41 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date was Tuesday, March 31st. Alexandria Real Estate Equities’s payout ratio is currently -34.12%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Zacks Research raised Alexandria Real Estate Equities from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 29th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 21st. Morgan Stanley dropped their target price on Alexandria Real Estate Equities from $55.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Monday, February 9th. BMO Capital Markets reaffirmed a “market perform” rating and set a $52.00 target price (down from $65.00) on shares of Alexandria Real Estate Equities in a research report on Wednesday, March 25th. Finally, Evercore dropped their target price on Alexandria Real Estate Equities from $67.00 to $65.00 and set an “outperform” rating on the stock in a research report on Monday, April 6th. Three analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $63.67.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Several institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new position in shares of Alexandria Real Estate Equities during the fourth quarter valued at approximately $805,429,000. State Street Corp boosted 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 worth $563,418,000 after buying an additional 75,161 shares during the period. Invesco Ltd. boosted its position in shares of Alexandria Real Estate Equities by 57.9% during the fourth quarter. Invesco Ltd. now owns 6,033,304 shares of the real estate investment trust’s stock worth $295,270,000 after buying an additional 2,211,424 shares during the period. Geode Capital Management LLC boosted its position in shares of Alexandria Real Estate Equities by 1.1% during 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 buying an additional 48,490 shares during the period. Finally, Capital World Investors boosted its position in shares of Alexandria Real Estate Equities by 0.8% during the fourth quarter. Capital World Investors now owns 3,720,956 shares of the real estate investment trust’s stock worth $182,104,000 after buying an additional 29,575 shares during the period. 96.54% of the stock is owned by institutional investors.

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.