Joel Marcus Acquires 25,000 Shares of Alexandria Real Estate Equities (NYSE:ARE) Stock

Alexandria Real Estate Equities, Inc. (NYSE:ARE) Chairman Joel Marcus acquired 25,000 shares of the firm’s stock in a transaction on Thursday, February 12th. The shares were purchased at an average cost of $53.92 per share, for a total transaction of $1,348,000.00. Following the completion of the purchase, the chairman directly owned 562,724 shares of the company’s stock, valued at approximately $30,342,078.08. The trade was a 4.65% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Alexandria Real Estate Equities Price Performance

Shares of NYSE:ARE traded up $2.12 during trading on Friday, reaching $52.52. The stock had a trading volume of 2,009,518 shares, compared to its average volume of 2,687,324. The stock has a market capitalization of $9.10 billion, a PE ratio of -6.22, a P/E/G ratio of 6.50 and a beta of 1.31. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.23 and a quick ratio of 0.23. Alexandria Real Estate Equities, Inc. has a 52 week low of $44.10 and a 52 week high of $105.14. The business’s 50-day moving average price is $52.11 and its 200 day moving average price is $65.07.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results 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. Alexandria Real Estate Equities had a negative return on equity of 6.82% and a negative net margin of 47.23%.The business had revenue of $754.41 million for the quarter, compared to analyst estimates of $742.64 million. During the same period in the prior year, the company earned $2.39 EPS. Alexandria Real Estate Equities’s revenue for the quarter was down 4.4% on a year-over-year basis. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, equities analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a $0.72 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $2.88 dividend on an annualized basis and a dividend yield of 5.5%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is -34.12%.

Alexandria Real Estate Equities declared that its board has initiated a share buyback plan on Monday, December 8th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the real estate investment trust to purchase up to 6.4% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

ARE has been the subject of a number of research analyst reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $60.00 target price on shares of Alexandria Real Estate Equities in a research note on Tuesday. BMO Capital Markets boosted their price objective on shares of Alexandria Real Estate Equities from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. JPMorgan Chase & Co. decreased their price objective on Alexandria Real Estate Equities from $65.00 to $63.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 14th. Evercore upped their price target on Alexandria Real Estate Equities from $64.00 to $67.00 and gave the company an “outperform” rating in a research note on Wednesday, January 28th. Finally, Mizuho lowered their price objective on Alexandria Real Estate Equities from $91.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday, January 9th. Five equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Alexandria Real Estate Equities has a consensus rating of “Hold” and an average price target of $65.73.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Several institutional investors have recently modified their holdings of ARE. IFM Investors Pty Ltd increased its stake in Alexandria Real Estate Equities by 0.3% during the 3rd quarter. IFM Investors Pty Ltd now owns 58,544 shares of the real estate investment trust’s stock worth $4,909,000 after purchasing an additional 150 shares in the last quarter. Kaufman Rossin Wealth LLC lifted its position in Alexandria Real Estate Equities by 6.3% in the 3rd quarter. Kaufman Rossin Wealth LLC now owns 2,954 shares of the real estate investment trust’s stock valued at $246,000 after acquiring an additional 174 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Alexandria Real Estate Equities by 18.1% during the 4th 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of 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 purchasing an additional 198 shares during the period. Finally, New Mexico Educational Retirement Board lifted its holdings in shares of 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 valued at $352,000 after purchasing an additional 200 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.