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

Alexandria Real Estate Equities, Inc. (NYSE:ARE) Chairman Joel Marcus purchased 5,000 shares of the firm’s stock in a transaction on 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 acquisition, the chairman owned 592,724 shares in the company, valued at $27,431,266.72. This trade represents a 0.85% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Alexandria Real Estate Equities Stock Up 10.1%

Shares of ARE traded up $4.62 during mid-day trading on Wednesday, reaching $50.46. 3,149,695 shares of the stock traded hands, compared to its average volume of 2,255,685. The stock has a fifty day simple moving average of $50.61 and a 200 day simple moving average of $49.64. 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 quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.67. The firm has a market cap of $8.79 billion, a price-to-earnings ratio of -8.33 and a beta of 1.15.

Alexandria Real Estate Equities (NYSE:ARE) last posted 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). The firm had revenue of $662.78 million for the quarter, compared to analyst estimates 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%. The business’s revenue was down 13.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.33 earnings per share. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. Sell-side analysts expect that Alexandria Real Estate Equities, Inc. will post 6.37 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend was Tuesday, June 30th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is -47.52%.

Hedge Funds Weigh In On Alexandria Real Estate Equities

A number of institutional investors have recently bought and sold shares of ARE. Farther Finance Advisors LLC raised its holdings in Alexandria Real Estate Equities by 18.1% during the fourth quarter. Farther Finance Advisors LLC now owns 1,228 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 188 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Alexandria Real Estate Equities by 0.9% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,443 shares of the real estate investment trust’s stock valued at $1,711,000 after acquiring an additional 198 shares during the last quarter. New Mexico Educational Retirement Board increased its holdings in Alexandria Real Estate Equities by 2.9% during the 4th quarter. New Mexico Educational Retirement Board now owns 7,200 shares of the real estate investment trust’s stock valued at $352,000 after acquiring an additional 200 shares in the last quarter. CIBC Private Wealth Group LLC raised its position in Alexandria Real Estate Equities by 109.6% during the third quarter. CIBC Private Wealth Group LLC now owns 436 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 228 shares during the last quarter. Finally, Quarry LP raised its position in Alexandria Real Estate Equities by 33.9% during the fourth quarter. Quarry LP now owns 991 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 251 shares during the last quarter. 96.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Evercore restated an “outperform” rating and set a $57.00 price target on shares of Alexandria Real Estate Equities in a report on Monday. Robert W. Baird reiterated a “neutral” rating and issued a $46.00 price objective (down from $67.00) on shares of Alexandria Real Estate Equities in a report on Monday, May 4th. Mizuho cut their target price on Alexandria Real Estate Equities from $70.00 to $60.00 and set an “outperform” rating on the stock in a report on Monday, July 6th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $52.00 price target on shares of Alexandria Real Estate Equities in a research report on Tuesday, May 19th. Finally, Cantor Fitzgerald upped their price target on Alexandria Real Estate Equities from $43.00 to $52.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Two analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, Alexandria Real Estate Equities currently has a consensus rating of “Reduce” and an average price target of $52.38.

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.