Insider Selling: Alexandria Real Estate Equities (NYSE:ARE) CAO Sells $509,300.00 in Stock

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

Alexandria Real Estate Equities Stock Down 0.2%

ARE opened at $52.59 on Friday. The company has a market cap of $9.16 billion, a P/E ratio of -8.68 and a beta of 1.15. The business’s 50-day moving average price is $50.72 and its 200-day moving average price is $49.49. 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.

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

Alexandria Real Estate Equities Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors 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 5.5%. The ex-dividend date is Wednesday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio is currently -47.52%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Morgan Stanley reaffirmed an “underweight” rating and set a $53.00 price target on shares of Alexandria Real Estate Equities in a research report on Thursday, June 11th. Wall Street Zen lowered Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Citizens Jmp reissued a “market perform” rating on shares of Alexandria Real Estate Equities in a research report on Monday, August 17th. Evercore restated an “outperform” rating and issued a $57.00 price objective on shares of Alexandria Real Estate Equities in a report on Monday, August 17th. Finally, Cantor Fitzgerald raised their target price on shares of 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. Two analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $52.85.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Several large investors have recently made changes to their positions in ARE. Norges Bank purchased a new stake in shares of Alexandria Real Estate Equities in the fourth quarter worth $805,429,000. Monaco Asset Management SAM bought a new position in Alexandria Real Estate Equities in the 4th quarter worth about $6,582,000. Handelsbanken Fonder AB grew its position in Alexandria Real Estate Equities by 58.6% during the 2nd 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 during the last quarter. Diamond Hill Capital Management Inc. bought a new stake in Alexandria Real Estate Equities during the 4th quarter valued at about $8,445,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Alexandria Real Estate Equities by 789.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 51,884 shares of the real estate investment trust’s stock worth $2,539,000 after buying an additional 46,052 shares during the last quarter. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Company Profile

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.