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

Alexandria Real Estate Equities, Inc. (NYSE:ARE) EVP Kristina Fukuzaki-Carlson sold 16,810 shares of the 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 completion of the transaction, the executive vice president directly owned 39,152 shares in the company, valued at approximately $1,977,567.52. This trade represents a 30.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Alexandria Real Estate Equities Stock Up 1.7%

Shares of ARE stock traded up $0.90 on Tuesday, hitting $52.86. The stock had a trading volume of 1,722,171 shares, compared to its average volume of 2,214,755. The business has a 50 day moving average price of $50.52 and a 200 day moving average price of $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 market cap of $9.21 billion, a PE ratio of -8.72 and a beta of 1.15. 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 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). Alexandria Real Estate Equities had a negative net margin of 36.08% and a negative return on equity of 5.21%. The business had revenue of $662.78 million for the quarter, compared to analysts’ expectations of $464.86 million. During the same period in the previous year, the business earned $2.33 earnings per share. The business’s quarterly revenue 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. Research 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 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. This represents a $2.88 annualized dividend and a dividend yield of 5.4%. The ex-dividend date is Wednesday, September 30th. Alexandria Real Estate Equities’s payout ratio is -47.52%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ARE shares. Zacks Research upgraded Alexandria Real Estate Equities from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 19th. Evercore reiterated an “outperform” rating and issued a $57.00 price target on shares of Alexandria Real Estate Equities in a research note on Monday, August 17th. Weiss Ratings restated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research note on Friday, July 17th. Citigroup upped their price objective on shares of 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, Wall Street Zen lowered shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Two research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $52.85.

Institutional Trading of Alexandria Real Estate Equities

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Alexandria Real Estate Equities during the second quarter worth about $1,146,423,000. Norges Bank acquired a new position in Alexandria Real Estate Equities in the 4th quarter worth approximately $805,429,000. Geode Capital Management LLC raised its position in Alexandria Real Estate Equities by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 4,459,453 shares of the real estate investment trust’s stock worth $217,466,000 after buying an additional 48,490 shares during the last quarter. Capital World Investors lifted its stake in Alexandria Real Estate Equities by 0.8% during the 4th quarter. Capital World Investors now owns 3,720,956 shares of the real estate investment trust’s stock valued at $182,104,000 after acquiring an additional 29,575 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in Alexandria Real Estate Equities by 52.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,582,387 shares of the real estate investment trust’s stock valued at $175,322,000 after acquiring an additional 1,236,781 shares during the period. Institutional investors and hedge funds own 96.54% of the company’s stock.

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.