Alexandria Real Estate Equities (NYSE:ARE) Chairman Joel Marcus Buys 7,500 Shares

Alexandria Real Estate Equities, Inc. (NYSE:ARE) Chairman Joel Marcus bought 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was bought at an average price of $42.72 per share, with a total value of $320,400.00. Following the transaction, the chairman directly owned 580,224 shares in the company, valued at $24,787,169.28. This represents a 1.31% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Alexandria Real Estate Equities Stock Performance

Shares of ARE opened at $46.03 on Thursday. The firm has a 50-day moving average price of $47.54 and a 200 day moving average price of $52.04. The firm has a market capitalization of $8.02 billion, a PE ratio of -7.34, a P/E/G ratio of 5.31 and a beta of 1.12. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.65. Alexandria Real Estate Equities, Inc. has a 52-week low of $39.41 and a 52-week high of $88.24.

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, meeting 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 during the quarter, compared to analyst estimates of $684.78 million. During the same quarter in the prior year, the firm posted $2.30 EPS. 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. On average, sell-side analysts anticipate 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 firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a dividend of $0.72 per share. The ex-dividend date was Tuesday, March 31st. This represents a $2.88 annualized dividend and a dividend yield of 6.3%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is -45.93%.

Analysts Set New Price Targets

Several research firms have recently weighed in on ARE. Evercore set a $55.00 price objective on shares of Alexandria Real Estate Equities in a research report on Monday. Mizuho reduced their price objective on shares of 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. Jefferies Financial Group reduced their price objective on shares of Alexandria Real Estate Equities from $57.00 to $47.00 and set a “hold” rating for the company in a research report on Tuesday, April 14th. JPMorgan Chase & Co. reduced their price objective on shares of Alexandria Real Estate Equities from $63.00 to $57.00 and set a “neutral” rating for the company in a research note on Tuesday, March 10th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Alexandria Real Estate Equities in a research note on Monday. Three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $51.92.

Institutional Trading of Alexandria Real Estate Equities

A number of hedge funds have recently made changes to their positions in ARE. DNB Asset Management AS grew its stake in shares of Alexandria Real Estate Equities by 121.4% in the third quarter. DNB Asset Management AS now owns 92,657 shares of the real estate investment trust’s stock worth $7,722,000 after acquiring an additional 50,810 shares during the last quarter. Nan Fung Trinity HK Ltd. acquired a new stake in shares of Alexandria Real Estate Equities in the third quarter worth $14,664,000. Harvey Capital Management Inc. grew its stake in shares of Alexandria Real Estate Equities by 91.8% in the third quarter. Harvey Capital Management Inc. now owns 45,600 shares of the real estate investment trust’s stock worth $3,800,000 after acquiring an additional 21,825 shares during the last quarter. Phoenix Financial Ltd. acquired a new stake in shares of Alexandria Real Estate Equities in the third quarter worth $1,957,000. Finally, Cbre Investment Management Listed Real Assets LLC grew its stake in shares of Alexandria Real Estate Equities by 159.3% in the third quarter. Cbre Investment Management Listed Real Assets LLC now owns 491,416 shares of the real estate investment trust’s stock worth $40,955,000 after acquiring an additional 301,906 shares during the last quarter. 96.54% of the stock is 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.