Key Points
- Chairman Joel Marcus purchased 5,000 ARE shares at an average price of $46.28, investing $231,400 and increasing his holdings to 592,724 shares.
- Alexandria Real Estate Equities reported quarterly revenue of $662.78 million but missed earnings expectations, posting a loss of $0.43 per share; revenue declined 13% year over year.
- The REIT pays a $0.72 quarterly dividend, equivalent to a 5.7% yield, while analysts maintain a consensus “Reduce” rating with an average price target of $52.38.
Alexandria Real Estate Equities, Inc. (NYSE:ARE - Get Free Report) Chairman Joel Marcus bought 5,000 shares of the company's stock in a transaction on Monday, August 17th. The stock was bought at an average price of $46.28 per share, with a total value of $231,400.00. Following the completion of the acquisition, the chairman owned 592,724 shares in the company, valued at $27,431,266.72. This represents a 0.85% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Alexandria Real Estate Equities Price Performance
Alexandria Real Estate Equities stock opened at $50.46 on Thursday. The firm has a market cap of $8.79 billion, a PE ratio of -8.33 and a beta of 1.15. The company's 50 day moving average is $50.57 and its two-hundred day moving average is $49.61. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.67. 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 - Get Free Report) last announced 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 business had revenue of $662.78 million for the quarter, compared to analyst estimates of $464.86 million. Alexandria Real Estate Equities had a negative return on equity of 5.21% and a negative net margin of 36.08%.Alexandria Real Estate Equities's quarterly revenue was down 13.0% on a year-over-year basis. During the same quarter last year, the company posted $2.33 EPS. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. On average, research analysts expect that Alexandria Real Estate Equities, Inc. will post 6.38 EPS for the current fiscal year.
Alexandria Real Estate Equities Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend was Tuesday, June 30th. Alexandria Real Estate Equities's payout ratio is presently -47.52%.
Analysts Set New Price Targets
ARE has been the topic of a number of analyst reports. Zacks Research lowered shares of Alexandria Real Estate Equities from a "hold" rating to a "strong sell" rating in a research note on Friday, July 17th. Evercore reiterated an "outperform" rating and set a $57.00 price target on shares of Alexandria Real Estate Equities in a research report on Monday. Mizuho decreased their price objective on Alexandria Real Estate Equities from $70.00 to $60.00 and set an "outperform" rating for the company in a report on Monday, July 6th. Weiss Ratings restated a "sell (d)" rating on shares of Alexandria Real Estate Equities in a report on Friday, July 17th. Finally, Robert W. Baird reaffirmed a "neutral" rating and issued a $46.00 target price (down from $67.00) on shares of Alexandria Real Estate Equities in a research report on Monday, May 4th. Two equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Reduce" and a consensus price target of $52.38.
Check Out Our Latest Report on Alexandria Real Estate Equities
Institutional Trading of Alexandria Real Estate Equities
Hedge funds have recently modified their holdings of the stock. Sigma Planning Corp bought a new position in Alexandria Real Estate Equities during the second quarter worth about $1,495,000. Wedbush Securities Inc. boosted its holdings in shares of Alexandria Real Estate Equities by 20.8% during the 2nd quarter. Wedbush Securities Inc. now owns 8,266 shares of the real estate investment trust's stock valued at $437,000 after acquiring an additional 1,424 shares in the last quarter. Greenleaf Trust acquired a new stake in Alexandria Real Estate Equities during the 2nd quarter worth approximately $264,000. New Mexico Educational Retirement Board boosted its stake in shares of Alexandria Real Estate Equities by 8.3% in the 2nd quarter. New Mexico Educational Retirement Board now owns 7,800 shares of the real estate investment trust's stock valued at $412,000 after purchasing an additional 600 shares during the last quarter. Finally, Mufg Securities Americas Inc. lifted its stake in Alexandria Real Estate Equities by 9.5% in the second quarter. Mufg Securities Americas Inc. now owns 4,724 shares of the real estate investment trust's stock valued at $250,000 after buying an additional 408 shares during the period. 96.54% of the stock is owned by institutional investors.
About Alexandria Real Estate Equities
(
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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