Alexandria Real Estate Equities (NYSE:ARE) CFO Marc Binda Sells 2,000 Shares

Alexandria Real Estate Equities, Inc. (NYSE:ARE) CFO Marc Binda sold 2,000 shares of the stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $54.00, for a total transaction of $108,000.00. Following the completion of the sale, the chief financial officer owned 188,264 shares in the company, valued at $10,166,256. This represents a 1.05% decrease 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Alexandria Real Estate Equities Stock Up 1.1%

ARE stock opened at $52.91 on Friday. Alexandria Real Estate Equities, Inc. has a 12 month low of $39.41 and a 12 month high of $88.24. The company’s 50 day simple moving average is $46.95 and its 200-day simple moving average is $49.97. The firm has a market capitalization of $9.22 billion, a PE ratio of -8.44, a P/E/G ratio of 6.34 and a beta of 1.19. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.20 and a quick ratio of 0.20.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, April 27th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.73. Alexandria Real Estate Equities had a negative net margin of 36.03% and a negative return on equity of 5.21%. The firm had revenue of $671.02 million for the quarter, compared to analyst estimates of $684.78 million. During the same quarter last year, the business earned $2.30 earnings per share. Alexandria Real Estate Equities’s revenue was down 11.5% compared to the same quarter last year. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.300-6.500 EPS. Equities analysts expect that Alexandria Real Estate Equities, Inc. will post 6.4 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.72 per share. The ex-dividend date is Tuesday, June 30th. This represents a $2.88 dividend on an annualized basis and a yield of 5.4%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is -45.93%.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Jefferies Financial Group decreased their target price on shares of Alexandria Real Estate Equities from $57.00 to $47.00 and set a “hold” rating on the stock in a research report on Tuesday, April 14th. JPMorgan Chase & Co. decreased their target price on shares of Alexandria Real Estate Equities from $63.00 to $57.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 10th. Weiss Ratings restated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research report on Monday, April 20th. Evercore raised their target price on shares of Alexandria Real Estate Equities from $55.00 to $58.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, BNP Paribas Exane cut their price target on shares of Alexandria Real Estate Equities from $50.00 to $44.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 28th. Three research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $51.46.

Hedge Funds Weigh In On Alexandria Real Estate Equities

A number of large investors have recently bought and sold shares of the stock. Norges Bank purchased a new position in Alexandria Real Estate Equities during the fourth quarter worth approximately $805,429,000. State Street Corp raised its stake in 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 purchasing an additional 75,161 shares during the period. Invesco Ltd. raised its stake in 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 purchasing an additional 2,211,424 shares during the period. Geode Capital Management LLC raised its stake in 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 purchasing an additional 48,490 shares during the period. Finally, Capital World Investors raised its stake in 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 purchasing an additional 29,575 shares during the period. Hedge funds and other 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.