Insider Selling: Alexandria Real Estate Equities (NYSE:ARE) EVP Sells $849,073.10 in Stock

Key Points

• Insider sale: EVP Kristina Fukuzaki-Carlson sold 16,810 ARE shares for approximately $849,073, reducing her direct ownership by 30.04% to 39,152 shares.
• Stock and earnings: ARE shares rose 1.7% to $52.86, while the company’s latest quarterly EPS of negative $0.43 missed analysts’ $0.09 estimate; revenue fell 13% year over year.
• Dividend and outlook: Alexandria declared a quarterly dividend of $0.72 per share, implying a 5.4% yield. Analysts maintain a consensus “Reduce” rating with an average price target of $52.85.

Alexandria Real Estate Equities, Inc. (NYSE:ARE - Get Free Report) EVP Kristina Fukuzaki-Carlson sold 16,810 shares of the business's stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $50.51, for a total value of $849,073.10. Following the sale, the executive vice president directly owned 39,152 shares of the company's stock, valued at $1,977,567.52. This represents a 30.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Alexandria Real Estate Equities Stock Up 1.7%

Shares of ARE traded up $0.90 during trading hours on Tuesday, reaching $52.86. 1,722,171 shares of the stock traded hands, compared to its average volume of 2,214,755. 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 cap 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 52 week low of $39.41 and a 52 week high of $88.24. The stock has a fifty day simple moving average of $50.52 and a 200 day simple moving average of $49.35.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The real estate investment trust reported ($0.43) EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.52). The business had revenue of $662.78 million for the quarter, compared to analysts' expectations 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%. The business's revenue was down 13.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.33 earnings per share. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. On average, equities analysts forecast 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 disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be paid a dividend of $0.72 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.88 annualized dividend and a yield of 5.4%. Alexandria Real Estate Equities's payout ratio is currently -47.52%.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Engineers Gate Manager LP grew its holdings in 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 valued at $7,128,000 after buying an additional 107,109 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in 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 acquiring an additional 12,767 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of 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 raised 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 acquiring an additional 2,552 shares during the period. Finally, Baird Financial Group Inc. purchased a new stake in Alexandria Real Estate Equities in the 2nd quarter worth about $456,000. 96.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ARE has been the topic of several research reports. Cantor Fitzgerald raised their price objective on shares of 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. Weiss Ratings restated a "sell (d)" rating on shares of Alexandria Real Estate Equities in a research report on Friday, July 17th. Morgan Stanley reaffirmed an "underweight" rating and set a $53.00 price objective on shares of Alexandria Real Estate Equities in a research note on Thursday, June 11th. Citizens Jmp reaffirmed a "market perform" rating on shares of Alexandria Real Estate Equities in a research note on Monday, August 17th. Finally, BNP Paribas Exane lifted their price objective on Alexandria Real Estate Equities from $45.00 to $48.00 and gave the company an "underperform" rating in a research report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Reduce" and an average price target of $52.85.

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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