Alexandria Real Estate Equities (NYSE:ARE) CAO Andres Gavinet Sells 10,000 Shares of Stock

Key Points

• Insider sale: Chief Accounting Officer Andres Gavinet sold 10,000 ARE shares at an average price of $50.93, generating $509,300. His remaining ownership fell 8.89% to 102,516 shares.
• Operating results: Alexandria Real Estate Equities reported quarterly revenue of $662.78 million but posted adjusted earnings of negative $0.43 per share, missing estimates, while revenue declined 13% year over year.
• Dividend and outlook: The REIT declared a quarterly dividend of $0.72 per share, equivalent to a 5.5% annualized yield. Analysts’ average rating is “Reduce,” with an average price target of $52.85.

Alexandria Real Estate Equities, Inc. (NYSE:ARE - Get Free Report) CAO Andres Gavinet sold 10,000 shares of Alexandria Real Estate Equities stock in a transaction on Monday, August 31st. The shares were sold at an average price of $50.93, for a total value of $509,300.00. Following the completion of the transaction, the chief accounting officer owned 102,516 shares in the company, valued at $5,221,139.88. This represents a 8.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Alexandria Real Estate Equities Stock Up 2.1%

Shares of ARE traded up $1.09 during trading hours on Wednesday, hitting $52.72. The company had a trading volume of 1,530,521 shares, compared to its average volume of 2,250,894. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $9.19 billion, a PE ratio of -8.70 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's fifty day moving average price is $50.75 and its two-hundred day moving average price is $49.45.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $662.78 million for the quarter, compared to the consensus estimate 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%. Alexandria Real Estate Equities's revenue for the quarter was down 13.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.33 EPS. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. As a group, equities analysts forecast that Alexandria Real Estate Equities, Inc. will post 6.39 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a $0.72 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 5.5%. Alexandria Real Estate Equities's payout ratio is presently -47.52%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Robert W. Baird raised their target price on shares of Alexandria Real Estate Equities from $46.00 to $52.00 and gave the company a "neutral" rating in a research note on Monday, August 24th. BNP Paribas Exane upped their price target on 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. Evercore reissued an "outperform" rating and issued a $57.00 price objective on shares of Alexandria Real Estate Equities in a research report on Monday, August 17th. Wall Street Zen downgraded Alexandria Real Estate Equities from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and set a $52.00 target price on shares of Alexandria Real Estate Equities in a research report on Tuesday, May 19th. Two equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Alexandria Real Estate Equities currently has an average rating of "Reduce" and an average price target of $52.85.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ARE. BOKF NA lifted its holdings in shares of Alexandria Real Estate Equities by 6,033.3% during the third quarter. BOKF NA now owns 368 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 362 shares during the period. CYBER HORNET ETFs LLC acquired a new position in Alexandria Real Estate Equities in the 2nd quarter worth approximately $30,000. CIBC Private Wealth Group LLC raised its position in Alexandria Real Estate Equities by 109.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 436 shares of the real estate investment trust's stock worth $36,000 after buying an additional 228 shares during the last quarter. MUFG Securities EMEA plc acquired a new stake in Alexandria Real Estate Equities during the 2nd quarter valued at approximately $33,000. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Alexandria Real Estate Equities in the 2nd quarter valued at $26,000. 96.54% of the stock is owned by institutional investors and hedge funds.

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.

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