Alexandria Real Estate Equities (NYSE:ARE) EVP Kristina Fukuzaki-Carlson Sells 16,810 Shares

by · The Cerbat Gem

Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Free Report) EVP Kristina Fukuzaki-Carlson sold 16,810 shares of the firm’s stock in a transaction dated 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 owned 39,152 shares of the company’s stock, valued at approximately $1,977,567.52. This represents a 30.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Alexandria Real Estate Equities Stock Up 1.7%

ARE stock opened at $52.86 on Wednesday. The stock has a 50-day simple moving average of $50.59 and a two-hundred day simple moving average of $49.34. Alexandria Real Estate Equities, Inc. has a twelve month low of $39.41 and a twelve month high of $88.24. The firm has a market capitalization 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 – Get Free Report) last released its quarterly earnings data 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 firm had revenue of $662.78 million during 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 was down 13.0% compared to the same quarter last year. During the same quarter last 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 predict 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 declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis 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%.

Wall Street Analysts Forecast Growth

ARE has been the subject of several research analyst reports. 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 note on Wednesday, August 5th. Citigroup boosted their target price on Alexandria Real Estate Equities from $42.00 to $50.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $52.00 price target on shares of Alexandria Real Estate Equities in a report on Tuesday, May 19th. Robert W. Baird lifted their price target on Alexandria Real Estate Equities from $46.00 to $52.00 and gave the company a “neutral” rating in a research report on Monday, August 24th. Finally, Evercore reissued an “outperform” rating and set a $57.00 price objective on shares of Alexandria Real Estate Equities in a report on Monday, August 17th. Two analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Alexandria Real Estate Equities has an average rating of “Reduce” and an average target price of $52.85.

Get Our Latest Stock Report on Alexandria Real Estate Equities

Institutional Investors Weigh In On Alexandria Real Estate Equities

A number of large investors have recently added to or reduced their stakes in ARE. BlackRock Inc. bought a new stake in shares of Alexandria Real Estate Equities in the 2nd quarter worth approximately $1,146,423,000. Norges Bank bought a new position in shares of Alexandria Real Estate Equities during the 4th quarter valued at $805,429,000. Bank of New York Mellon Corp bought a new position in shares of Alexandria Real Estate Equities during the 2nd quarter valued at $79,253,000. Legal & General Group Plc purchased a new position in Alexandria Real Estate Equities in the 2nd quarter worth $76,647,000. Finally, Goldman Sachs Group Inc. raised its position in Alexandria Real Estate Equities by 52.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,582,387 shares of the real estate investment trust’s stock worth $175,322,000 after purchasing an additional 1,236,781 shares during the period. Hedge funds and other institutional investors own 96.54% of the company’s stock.

About Alexandria Real Estate Equities

(Get Free Report)

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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