Alexandria Real Estate Equities (NYSE:ARE) CFO Sells $108,000.00 in Stock

by · The Cerbat Gem

Alexandria Real Estate Equities, Inc. (NYSE:AREGet Free Report) CFO Marc Binda sold 2,000 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $54.00, for a total transaction of $108,000.00. Following the sale, the chief financial officer owned 188,264 shares of the company’s stock, valued at $10,166,256. The trade was a 1.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Alexandria Real Estate Equities Stock Performance

Shares of Alexandria Real Estate Equities stock opened at $53.15 on Friday. The firm has a fifty day moving average of $47.14 and a two-hundred day moving average of $49.99. The stock has a market capitalization of $9.26 billion, a price-to-earnings ratio of -8.48, a PEG ratio of 6.44 and a beta of 1.19. Alexandria Real Estate Equities, Inc. has a 52 week low of $39.41 and a 52 week high of $88.24. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.20 and a current ratio of 0.20.

Alexandria Real Estate Equities (NYSE:AREGet Free Report) last issued its earnings results on Monday, April 27th. The real estate investment trust reported $1.73 EPS for the quarter, meeting the consensus estimate of $1.73. The company had revenue of $671.02 million during the quarter, compared to analysts’ expectations of $684.78 million. Alexandria Real Estate Equities had a negative net margin of 36.03% and a negative return on equity of 5.21%. The business’s revenue for the quarter was down 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.30 EPS. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.300-6.500 EPS. As a group, equities research analysts predict that Alexandria Real Estate Equities, Inc. will post 6.4 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a $0.72 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 5.4%. Alexandria Real Estate Equities’s dividend payout ratio is currently -45.93%.

Wall Street Analyst Weigh In

A number of analysts recently commented on ARE shares. BMO Capital Markets upped their price objective on shares of Alexandria Real Estate Equities from $52.00 to $54.00 and gave the company a “market perform” rating in a research report on Friday. BNP Paribas Exane lowered their price objective on shares of Alexandria Real Estate Equities from $50.00 to $44.00 and set an “underperform” rating for the company in a research report on Tuesday, April 28th. Evercore upped their price objective on shares of Alexandria Real Estate Equities from $55.00 to $58.00 and gave the company an “outperform” rating in a research report on Monday, June 8th. Weiss Ratings restated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research report on Monday, April 20th. Finally, Citigroup restated an “outperform” rating on shares of Alexandria Real Estate Equities in a research report on Monday, May 4th. Three investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $51.62.

Check Out Our Latest Report on Alexandria Real Estate Equities

Hedge Funds Weigh In On Alexandria Real Estate Equities

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ARE. Norges Bank acquired a new position in Alexandria Real Estate Equities in the 4th quarter worth $805,429,000. Invesco Ltd. boosted its stake in Alexandria Real Estate Equities by 57.9% in the 4th quarter. Invesco Ltd. now owns 6,033,304 shares of the real estate investment trust’s stock worth $295,270,000 after purchasing an additional 2,211,424 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Alexandria Real Estate Equities by 1,022.1% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,813,955 shares of the real estate investment trust’s stock worth $151,175,000 after purchasing an additional 1,652,298 shares during the period. Freestone Grove Partners LP acquired a new position in Alexandria Real Estate Equities in the 4th quarter worth $72,144,000. Finally, Goldman Sachs Group Inc. boosted its stake 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. 96.54% of the stock is owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Company Profile

(Get Free Report)

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.

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