Key Points
- Executive sale: Alexandria Real Estate Equities EVP Kristina Fukuzaki-Carlson sold 16,810 shares at an average price of $50.51, worth approximately $849,073. After the transaction, she retained 39,152 shares.
- Financial and dividend update: Alexandria reported quarterly revenue of $662.78 million but missed earnings expectations, posting a loss of $0.43 per share. The company declared a $0.72 quarterly dividend, equivalent to a 5.4% annualized yield.
- Analyst sentiment remains cautious: Analysts’ consensus rating is “Reduce,” with an average price target of $52.85; two analysts rate the stock Buy, 11 Hold, and three Sell.
Alexandria Real Estate Equities, Inc. (NYSE:ARE - Get Free Report) Chairman Joel Marcus bought 5,000 shares of the stock in a transaction that occurred on Friday, September 11th. The stock was bought at an average price of $49.68 per share, with a total value of $248,400.00. Following the completion of the acquisition, the chairman owned 597,724 shares of the company's stock, valued at $29,694,928.32. This trade represents a 0.84% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Alexandria Real Estate Equities Stock Performance
Shares of ARE stock opened at $52.86 on Wednesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.19 and a current ratio of 0.19. The firm has a market capitalization of $9.21 billion, a price-to-earnings ratio of -8.72 and a beta of 1.15. Alexandria Real Estate Equities, Inc. has a one year low of $39.41 and a one year high of $88.24. The company has a 50 day moving average price of $50.59 and a 200 day moving average price of $49.34.
Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly 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 during the quarter, compared to analyst estimates of $464.86 million. During the same quarter last year, the business earned $2.33 EPS. The firm's revenue for the quarter was down 13.0% compared to the same quarter last year. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. Sell-side analysts anticipate 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 announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a $0.72 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $2.88 dividend on an annualized basis and a yield of 5.4%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently -47.52%.
Wall Street Analyst Weigh In
Several equities research analysts have commented on the company. BMO Capital Markets upped their price target on Alexandria Real Estate Equities from $52.00 to $54.00 and gave the stock a "market perform" rating in a research note on Friday, June 12th. Citigroup lifted their price objective on Alexandria Real Estate Equities from $42.00 to $50.00 and gave the company a "neutral" rating in a research note on Monday, August 10th. Wall Street Zen cut Alexandria Real Estate Equities from a "hold" rating to a "sell" rating in a report on Saturday, August 8th. BNP Paribas Exane increased their target price on shares of Alexandria Real Estate Equities from $45.00 to $48.00 and gave the stock an "underperform" rating in a research report on Wednesday, August 5th. Finally, Robert W. Baird raised their price target on shares of Alexandria Real Estate Equities from $46.00 to $52.00 and gave the company a "neutral" rating in a report on Monday, August 24th. Two research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Alexandria Real Estate Equities currently has a consensus rating of "Reduce" and a consensus price target of $52.85.
Read Our Latest Analysis on Alexandria Real Estate Equities
Institutional Trading of Alexandria Real Estate Equities
Large investors have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP raised its position in Alexandria Real Estate Equities by 385.8% in the second quarter. Engineers Gate Manager LP now owns 134,871 shares of the real estate investment trust's stock valued at $7,128,000 after purchasing an additional 107,109 shares during the period. Integrated Wealth Concepts LLC boosted its position in shares of Alexandria Real Estate Equities by 164.7% in the second quarter. Integrated Wealth Concepts LLC now owns 20,519 shares of the real estate investment trust's stock worth $1,084,000 after buying an additional 12,767 shares during the period. NewEdge Advisors LLC boosted its position in shares of Alexandria Real Estate Equities by 123.7% in the second quarter. NewEdge Advisors LLC now owns 11,957 shares of the real estate investment trust's stock worth $632,000 after buying an additional 6,611 shares during the period. IFP Advisors Inc grew its stake in shares of Alexandria Real Estate Equities by 580.0% in the second quarter. IFP Advisors Inc now owns 2,992 shares of the real estate investment trust's stock valued at $158,000 after buying an additional 2,552 shares in the last quarter. Finally, Baird Financial Group Inc. acquired a new stake in shares of Alexandria Real Estate Equities in the second quarter valued at about $456,000. 96.54% of the stock is currently owned by institutional investors and hedge funds.
Alexandria Real Estate Equities Company Profile
(
Get Free Report)
Alexandria Real Estate Equities, Inc (NYSE:ARE) is a real estate investment trust that owns, operates and develops collaborative life science, agtech and advanced technology campuses. The company provides specialized laboratory, research and office space designed to support organizations working in biotechnology, pharmaceuticals, medical devices, diagnostics, agriculture and related technology fields.
Founded in 1994, Alexandria focuses on properties located in established innovation clusters, where its campuses bring together research institutions, universities, hospitals, government agencies, start-ups and established companies.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
