Key Points
- CFO Marc Binda sold 2,000 shares of Alexandria Real Estate Equities at $54.00 each, totaling $108,000, in a transaction made under a pre-arranged Rule 10b5-1 plan. After the sale, he still directly owned 188,264 shares.
- The stock was trading higher, opening at $52.91 and up about 1.1% on the day, while remaining well below its 12-month high of $88.24.
- Analysts remain cautious on ARE, with a consensus “Hold” rating and average price target of $51.46. The company also recently maintained a quarterly dividend of $0.72 per share, implying a 5.4% annualized yield.
Alexandria Real Estate Equities, Inc. (NYSE:ARE - Get Free Report) CFO Marc Binda sold 2,000 shares of the firm's stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $54.00, for a total value of $108,000.00. Following the completion of the transaction, the chief financial officer directly owned 188,264 shares in the company, valued at $10,166,256. This trade represents a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Alexandria Real Estate Equities Trading Up 1.1%
NYSE:ARE opened at $52.91 on Friday. The business's 50-day moving average is $46.95 and its two-hundred day moving average is $49.97. 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, Inc. has a 12 month low of $39.41 and a 12 month high of $88.24. The firm has a market capitalization of $9.22 billion, a PE ratio of -8.44, a price-to-earnings-growth ratio of 6.34 and a beta of 1.19.
Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $1.73 EPS for the quarter, meeting the consensus estimate of $1.73. Alexandria Real Estate Equities had a negative return on equity of 5.21% and a negative net margin of 36.03%.The company had revenue of $671.02 million for the quarter, compared to analyst estimates of $684.78 million. During the same period last year, the company posted $2.30 earnings per share. The firm'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. Research analysts predict that Alexandria Real Estate Equities, Inc. will post 6.4 earnings per share for the current fiscal year.
Alexandria Real Estate Equities Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a $0.72 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.88 annualized dividend and a yield of 5.4%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is -45.93%.
Wall Street Analysts Forecast Growth
ARE has been the topic of several research reports. Morgan Stanley reissued an "underweight" rating and issued a $53.00 price objective on shares of Alexandria Real Estate Equities in a research report on Thursday. Robert W. Baird reaffirmed a "neutral" rating and set a $46.00 price target (down from $67.00) on shares of Alexandria Real Estate Equities in a research note on Monday, May 4th. BNP Paribas Exane dropped 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. Wall Street Zen raised shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research note on Saturday, May 2nd. Finally, Jefferies Financial Group dropped their price target on shares of Alexandria Real Estate Equities from $57.00 to $47.00 and set a "hold" rating on the stock in a research note on Tuesday, April 14th. Three equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $51.46.
View Our Latest Research Report on Alexandria Real Estate Equities
Institutional Investors Weigh In On Alexandria Real Estate Equities
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ARE. Norges Bank purchased a new stake in Alexandria Real Estate Equities during the 4th quarter worth $805,429,000. Invesco Ltd. increased its stake in Alexandria Real Estate Equities by 57.9% during the 4th quarter. Invesco Ltd. now owns 6,033,304 shares of the real estate investment trust's stock worth $295,270,000 after buying an additional 2,211,424 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Alexandria Real Estate Equities by 1,022.1% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,813,955 shares of the real estate investment trust's stock worth $151,175,000 after buying an additional 1,652,298 shares during the period. Freestone Grove Partners LP purchased a new stake in Alexandria Real Estate Equities during the 4th quarter worth $72,144,000. Finally, Goldman Sachs Group Inc. grew its holdings in Alexandria Real Estate Equities by 52.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,582,387 shares of the real estate investment trust's stock worth $175,322,000 after acquiring an additional 1,236,781 shares in the last quarter. Hedge funds and other institutional investors own 96.54% of the company's stock.
Alexandria Real Estate Equities Company Profile
(
Get Free Report)
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.
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