Alexandria Real Estate Equities (NYSE:ARE) Chairman Buys $231,400.00 in Stock

Alexandria Real Estate Equities, Inc. (NYSE:ARE) Chairman Joel Marcus acquired 5,000 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were bought at an average cost of $46.28 per share, with a total value of $231,400.00. Following the completion of the acquisition, the chairman directly owned 592,724 shares of the company’s stock, valued at $27,431,266.72. The trade was a 0.85% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Alexandria Real Estate Equities Trading Up 0.9%

Shares of ARE stock opened at $53.42 on Friday. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.67. Alexandria Real Estate Equities, Inc. has a 12-month low of $39.41 and a 12-month high of $88.24. The stock has a market capitalization of $9.31 billion, a P/E ratio of -8.82 and a beta of 1.15. The firm’s 50 day moving average is $50.58 and its 200 day moving average is $49.63.

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 for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.52). Alexandria Real Estate Equities had a negative net margin of 36.08% and a negative return on equity of 5.21%. The company had revenue of $662.78 million for the quarter, compared to analysts’ expectations of $464.86 million. During the same quarter in the prior year, the firm posted $2.33 earnings per share. Alexandria Real Estate Equities’s quarterly revenue 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. Research analysts expect that Alexandria Real Estate Equities, Inc. will post 6.38 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 5.4%. The ex-dividend date was Tuesday, June 30th. Alexandria Real Estate Equities’s dividend payout ratio is -47.52%.

Institutional Trading of Alexandria Real Estate Equities

Hedge funds have recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Alexandria Real Estate Equities during the 4th quarter valued at approximately $805,429,000. Monaco Asset Management SAM bought a new stake in Alexandria Real Estate Equities in the fourth quarter worth $6,582,000. Handelsbanken Fonder AB raised its stake in 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 stake in Alexandria Real Estate Equities during the fourth quarter valued at $8,445,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position 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 purchasing an additional 46,052 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Analyst Upgrades and Downgrades

ARE has been the topic of several recent research reports. Morgan Stanley reiterated an “underweight” rating and issued a $53.00 price target on shares of Alexandria Real Estate Equities in a research report on Thursday, June 11th. Citigroup boosted 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. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $52.00 price objective on shares of Alexandria Real Estate Equities in a research note on Tuesday, May 19th. Mizuho cut their target price on Alexandria Real Estate Equities from $70.00 to $60.00 and set an “outperform” rating for the company in a research report on Monday, July 6th. Finally, Evercore reissued an “outperform” rating and set a $57.00 target price on shares of Alexandria Real Estate Equities in a research note on Monday. Two investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $52.38.

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.