Andres Gavinet Sells 10,000 Shares of Alexandria Real Estate Equities (NYSE:ARE) Stock

Alexandria Real Estate Equities, Inc. (NYSE:ARE) CAO Andres Gavinet sold 10,000 shares of the business’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $50.93, for a total value of $509,300.00. Following the completion of the transaction, the chief accounting officer owned 102,516 shares in the company, valued at $5,221,139.88. The trade was a 8.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Alexandria Real Estate Equities Stock Performance

NYSE ARE opened at $52.69 on Friday. 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, Inc. has a twelve month low of $39.41 and a twelve month high of $88.24. The business has a 50-day moving average price of $50.77 and a 200-day moving average price of $49.47. The firm has a market cap of $9.18 billion, a price-to-earnings ratio of -8.69 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) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $662.78 million during the quarter, compared to analysts’ expectations of $464.86 million. During the same period in the prior year, the firm posted $2.33 earnings per share. The firm’s revenue for the quarter 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. As a group, equities research analysts predict that Alexandria Real Estate Equities, Inc. will post 6.39 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a dividend of $0.72 per share. The ex-dividend date is Wednesday, September 30th. 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 is currently -47.52%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ARE. Citigroup raised their price objective on Alexandria Real Estate Equities from $42.00 to $50.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. Robert W. Baird increased their price target on Alexandria Real Estate Equities from $46.00 to $52.00 and gave the company a “neutral” rating in a research note on Monday, August 24th. Zacks Research raised Alexandria Real Estate Equities from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 19th. The Goldman Sachs Group restated a “neutral” rating and set a $52.00 price target on shares of Alexandria Real Estate Equities in a report on Tuesday, May 19th. Finally, BNP Paribas Exane upped their price objective on Alexandria Real Estate Equities from $45.00 to $48.00 and gave the stock an “underperform” rating in a report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Alexandria Real Estate Equities has a consensus rating of “Reduce” and an average target price of $52.85.

Institutional Investors Weigh In On Alexandria Real Estate Equities

Large investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in Alexandria Real Estate Equities during the 4th quarter worth about $805,429,000. Monaco Asset Management SAM bought a new position in shares of Alexandria Real Estate Equities during the fourth quarter valued at approximately $6,582,000. Handelsbanken Fonder AB boosted its stake in shares of Alexandria Real Estate Equities by 58.6% during the second quarter. Handelsbanken Fonder AB now owns 68,500 shares of the real estate investment trust’s stock valued at $3,620,000 after purchasing an additional 25,300 shares in the last quarter. Diamond Hill Capital Management Inc. purchased a new position in Alexandria Real Estate Equities during the fourth quarter valued at approximately $8,445,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Alexandria Real Estate Equities by 789.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 51,884 shares of the real estate investment trust’s stock valued at $2,539,000 after buying an additional 46,052 shares during the period. 96.54% of the stock is owned by 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.