Alexandria Real Estate Equities (NYSE:ARE) Chairman Joel Marcus Buys 5,000 Shares of Stock

Key Points

• Chairman Joel Marcus purchased 5,000 ARE shares at an average price of $49.68, investing $248,400 and increasing his ownership by 0.84% to 597,724 shares.
• Alexandria Real Estate Equities’ stock rose 1.7% to $52.86, while the company reported quarterly revenue of $662.78 million but missed earnings expectations with a loss of $0.43 per share.
• The REIT declared a quarterly dividend of $0.72 per share, equating to an annualized $2.88 payout and a 5.4% yield; analysts maintain a generally cautious view, with a consensus “Reduce” rating and a $52.85 price target.

Alexandria Real Estate Equities, Inc. (NYSE:ARE - Get Free Report) Chairman Joel Marcus purchased 5,000 shares of the company's stock in a transaction dated Friday, September 11th. The shares were acquired at an average cost of $49.68 per share, for a total transaction of $248,400.00. Following the transaction, 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 ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Alexandria Real Estate Equities Stock Up 1.7%

NYSE ARE traded up $0.90 during trading hours on Tuesday, reaching $52.86. 1,722,171 shares of the company's stock were exchanged, compared to its average volume of 2,214,755. The company's 50-day moving average is $50.52 and its two-hundred day moving average is $49.35. 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 debt-to-equity ratio of 0.67, a quick ratio of 0.19 and a current ratio of 0.19. The company 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 (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 (EPS) for the quarter, missing the consensus estimate 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 return on equity of 5.21% and a negative net margin of 36.08%.The firm's revenue was down 13.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.33 EPS. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. On average, analysts forecast that Alexandria Real Estate Equities, Inc. will post 6.39 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date is Wednesday, September 30th. Alexandria Real Estate Equities's dividend payout ratio is -47.52%.

Analysts Set New Price Targets

A number of analysts have recently commented on ARE shares. Evercore restated an "outperform" rating and issued a $57.00 price target on shares of Alexandria Real Estate Equities in a report on Monday, August 17th. Wall Street Zen downgraded Alexandria Real Estate Equities from a "hold" rating to a "sell" rating in a report on Saturday, August 8th. Cantor Fitzgerald lifted their target price on Alexandria Real Estate Equities from $43.00 to $52.00 and gave the company a "neutral" rating in a research report on Wednesday, August 5th. Morgan Stanley restated an "underweight" rating and issued a $53.00 target price on shares of Alexandria Real Estate Equities in a research note on Thursday, June 11th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and set a $52.00 price target on shares of Alexandria Real Estate Equities in a research report on Tuesday, May 19th. Two analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Alexandria Real Estate Equities has a consensus rating of "Reduce" and a consensus price target of $52.85.

Institutional Investors Weigh In On Alexandria Real Estate Equities

Hedge funds have recently bought and sold shares of the company. Engineers Gate Manager LP boosted its stake in shares of Alexandria Real Estate Equities by 385.8% during the 2nd quarter. Engineers Gate Manager LP now owns 134,871 shares of the real estate investment trust's stock worth $7,128,000 after acquiring an additional 107,109 shares during the period. Integrated Wealth Concepts LLC raised its stake in Alexandria Real Estate Equities by 164.7% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 20,519 shares of the real estate investment trust's stock valued at $1,084,000 after acquiring an additional 12,767 shares during the period. NewEdge Advisors LLC lifted its holdings in Alexandria Real Estate Equities by 123.7% during the 2nd quarter. NewEdge Advisors LLC now owns 11,957 shares of the real estate investment trust's stock valued at $632,000 after purchasing an additional 6,611 shares during the last quarter. IFP Advisors Inc boosted its position in Alexandria Real Estate Equities by 580.0% during the second quarter. IFP Advisors Inc now owns 2,992 shares of the real estate investment trust's stock worth $158,000 after purchasing an additional 2,552 shares during the period. Finally, Baird Financial Group Inc. bought a new position in Alexandria Real Estate Equities during the second quarter worth $456,000. 96.54% of the stock is currently owned by institutional investors and hedge funds.

About Alexandria Real Estate Equities

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.

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