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

Alexandria Real Estate Equities, Inc. (NYSE:ARE) Chairman Joel Marcus purchased 5,000 shares of the business’s stock in a transaction dated Friday, September 11th. The shares were purchased at an average cost of $49.68 per share, with a total value of $248,400.00. Following the purchase, the chairman directly owned 597,724 shares in the company, valued at approximately $29,694,928.32. The trade was a 0.84% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Alexandria Real Estate Equities Price Performance

Alexandria Real Estate Equities stock opened at $52.86 on Wednesday. The firm has a market capitalization of $9.21 billion, a PE ratio of -8.72 and a beta of 1.15. Alexandria Real Estate Equities, Inc. has a 52 week low of $39.41 and a 52 week high of $88.24. The firm’s 50-day simple moving average is $50.59 and its 200 day simple moving average is $49.34. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.67.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, August 3rd. The real estate investment trust reported ($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.52). The business had revenue of $662.78 million for the quarter, compared to analyst estimates of $464.86 million. Alexandria Real Estate Equities had a negative return on equity of 5.21% and a negative net margin of 36.08%.The business’s revenue was down 13.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.33 EPS. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. On average, equities research analysts predict that Alexandria Real Estate Equities, Inc. will post 6.39 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date is Wednesday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio is -47.52%.

Institutional Investors Weigh In On Alexandria Real Estate Equities

Several hedge funds have recently made changes to their positions in the business. Engineers Gate Manager LP grew its position in shares of Alexandria Real Estate Equities by 385.8% in the second quarter. Engineers Gate Manager LP now owns 134,871 shares of the real estate investment trust’s stock valued at $7,128,000 after purchasing an additional 107,109 shares during the period. Integrated Wealth Concepts LLC lifted its position in Alexandria Real Estate Equities by 164.7% during the second quarter. Integrated Wealth Concepts LLC now owns 20,519 shares of the real estate investment trust’s stock worth $1,084,000 after buying an additional 12,767 shares during the period. NewEdge Advisors LLC lifted its position in Alexandria Real Estate Equities by 123.7% during the second quarter. NewEdge Advisors LLC now owns 11,957 shares of the real estate investment trust’s stock worth $632,000 after buying an additional 6,611 shares during the period. IFP Advisors Inc boosted its stake in Alexandria Real Estate Equities by 580.0% in the 2nd quarter. IFP Advisors Inc now owns 2,992 shares of the real estate investment trust’s stock worth $158,000 after buying an additional 2,552 shares during the last quarter. Finally, Baird Financial Group Inc. acquired a new stake in Alexandria Real Estate Equities in the 2nd quarter worth about $456,000. Institutional investors and hedge funds own 96.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on ARE shares. Mizuho cut their price target on Alexandria Real Estate Equities from $70.00 to $60.00 and set an “outperform” rating for the company in a report on Monday, July 6th. BMO Capital Markets increased 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. Cantor Fitzgerald lifted their price objective on Alexandria Real Estate Equities from $43.00 to $52.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Morgan Stanley reissued an “underweight” rating and issued a $53.00 target price on shares of Alexandria Real Estate Equities in a research note on Thursday, June 11th. Finally, Robert W. Baird upped their target price on shares of Alexandria Real Estate Equities from $46.00 to $52.00 and gave the company a “neutral” rating in a report on Monday, August 24th. Two research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $52.85.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc (NYSE:ARE) is a real estate investment trust that owns, operates and develops collaborative life science, agtech and advanced technology campuses. The company provides specialized laboratory, research and office space designed to support organizations working in biotechnology, pharmaceuticals, medical devices, diagnostics, agriculture and related technology fields.

Founded in 1994, Alexandria focuses on properties located in established innovation clusters, where its campuses bring together research institutions, universities, hospitals, government agencies, start-ups and established companies.