Joel Marcus Purchases 25,000 Shares of Alexandria Real Estate Equities (NYSE:ARE) Stock

Alexandria Real Estate Equities, Inc. (NYSE:ARE) Chairman Joel Marcus purchased 25,000 shares of the firm’s stock in a transaction on Thursday, February 12th. The stock was bought at an average price of $53.92 per share, with a total value of $1,348,000.00. Following the completion of the purchase, the chairman owned 562,724 shares of the company’s stock, valued at approximately $30,342,078.08. This represents a 4.65% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Alexandria Real Estate Equities Trading Up 4.2%

Shares of Alexandria Real Estate Equities stock opened at $52.52 on Friday. The stock has a market cap of $9.10 billion, a P/E ratio of -6.22, a P/E/G ratio of 6.35 and a beta of 1.31. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.65. Alexandria Real Estate Equities, Inc. has a 12-month low of $44.10 and a 12-month high of $105.14. The business’s 50 day moving average is $52.25 and its 200-day moving average is $64.78.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, January 26th. The real estate investment trust reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.01. The business had revenue of $754.41 million for the quarter, compared to the consensus estimate of $742.64 million. Alexandria Real Estate Equities had a negative net margin of 47.23% and a negative return on equity of 6.82%. The firm’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.39 earnings per share. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.250-6.550 EPS. Equities research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 5.5%. The ex-dividend date was Wednesday, December 31st. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is -34.12%.

Alexandria Real Estate Equities declared that its board has approved a share repurchase program on Monday, December 8th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the real estate investment trust to reacquire up to 6.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Several institutional investors and hedge funds have recently modified their holdings of the business. Loomis Sayles & Co. L P acquired a new stake in Alexandria Real Estate Equities in the 2nd quarter worth about $27,000. Avalon Trust Co acquired a new stake in shares of Alexandria Real Estate Equities in the third quarter valued at approximately $29,000. Cornerstone Planning Group LLC boosted its stake in shares of Alexandria Real Estate Equities by 5,916.7% in the third quarter. Cornerstone Planning Group LLC now owns 361 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 355 shares during the period. CYBER HORNET ETFs LLC bought a new stake in shares of Alexandria Real Estate Equities in the second quarter valued at approximately $30,000. Finally, BOKF NA grew its position in Alexandria Real Estate Equities by 6,033.3% during the third quarter. BOKF NA now owns 368 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 362 shares in the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ARE has been the subject of a number of recent analyst reports. Mizuho cut their price objective on Alexandria Real Estate Equities from $91.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday, January 9th. BMO Capital Markets raised their price target on Alexandria Real Estate Equities from $60.00 to $65.00 and gave the company an “outperform” rating in a report on Monday, January 26th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $60.00 price objective on shares of Alexandria Real Estate Equities in a report on Tuesday, February 10th. Cantor Fitzgerald raised their target price on shares of Alexandria Real Estate Equities from $46.00 to $60.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Finally, BNP Paribas Exane reduced their target price on shares of Alexandria Real Estate Equities from $72.00 to $50.00 and set an “underperform” rating for the company in a report on Thursday, December 4th. Five research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Alexandria Real Estate Equities presently has a consensus rating of “Hold” and an average price target of $65.73.

Alexandria Real Estate Equities Company Profile

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.