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

Alexandria Real Estate Equities, Inc. (NYSE:ARE) CAO Andres Gavinet sold 10,000 shares of Alexandria Real Estate Equities stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $50.93, for a total value of $509,300.00. Following the transaction, the chief accounting officer owned 102,516 shares of the company’s stock, valued at $5,221,139.88. This trade represents a 8.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Alexandria Real Estate Equities Stock Performance

Shares of Alexandria Real Estate Equities stock opened at $52.72 on Thursday. The company has a market cap of $9.19 billion, a PE ratio of -8.70 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 business has a 50 day moving average price of $50.78 and a 200-day moving average price of $49.47. 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 (NYSE:ARE) last announced its earnings results 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 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 firm’s quarterly revenue was down 13.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.33 EPS. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. Equities analysts anticipate 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 announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders 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 annualized dividend and a dividend yield of 5.5%. Alexandria Real Estate Equities’s dividend payout ratio is currently -47.52%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ARE. BlackRock Inc. bought a new stake in Alexandria Real Estate Equities during the 2nd quarter valued at $1,146,423,000. Norges Bank purchased a new stake in Alexandria Real Estate Equities during the 4th quarter worth about $805,429,000. State Street Corp grew its holdings in Alexandria Real Estate Equities by 0.7% during the 4th quarter. State Street Corp now owns 11,348,192 shares of the real estate investment trust’s stock valued at $563,418,000 after buying an additional 75,161 shares in the last quarter. California State Teachers Retirement System increased its position in shares of Alexandria Real Estate Equities by 5,099.4% during the second quarter. California State Teachers Retirement System now owns 9,557,341 shares of the real estate investment trust’s stock valued at $505,105,000 after buying an additional 9,373,524 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Alexandria Real Estate Equities by 57.9% in the fourth quarter. Invesco Ltd. now owns 6,033,304 shares of the real estate investment trust’s stock worth $295,270,000 after buying an additional 2,211,424 shares in the last quarter. 96.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on ARE shares. Cantor Fitzgerald boosted their price target on shares of Alexandria Real Estate Equities from $43.00 to $52.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Zacks Research raised shares of Alexandria Real Estate Equities from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 19th. Wall Street Zen downgraded Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Citigroup upped their target price on Alexandria Real Estate Equities from $42.00 to $50.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Finally, Mizuho decreased their price target on Alexandria Real Estate Equities from $70.00 to $60.00 and set an “outperform” rating for the company in a research report on Monday, July 6th. Two 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. Based on data from MarketBeat, Alexandria Real Estate Equities has an average rating of “Reduce” and a consensus target price of $52.85.

About Alexandria Real Estate Equities

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.