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

Alexandria Real Estate Equities, Inc. (NYSE:ARE) Chairman Joel Marcus bought 25,000 shares of the company’s stock in a transaction dated Thursday, February 12th. The stock was purchased at an average cost of $53.92 per share, for a total transaction of $1,348,000.00. Following the completion of the transaction, the chairman owned 562,724 shares of the company’s stock, valued at $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 SEC, which can be accessed through this hyperlink.

Alexandria Real Estate Equities Trading Up 4.2%

Shares of NYSE:ARE traded up $2.12 during mid-day trading on Friday, hitting $52.52. The stock had a trading volume of 2,009,518 shares, compared to its average volume of 2,687,324. The company’s 50 day moving average is $52.11 and its 200-day moving average is $65.07. Alexandria Real Estate Equities, Inc. has a 12-month low of $44.10 and a 12-month high of $105.14. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.23 and a current ratio of 0.23. The company has a market cap of $9.10 billion, a PE ratio of -6.22, a P/E/G ratio of 6.50 and a beta of 1.31.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, January 26th. The real estate investment trust reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.01. The company 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 company’s revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.39 EPS. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.250-6.550 EPS. On average, sell-side analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities declared that its Board of Directors has authorized a stock repurchase program on Monday, December 8th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to repurchase up to 6.4% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

Alexandria Real Estate Equities Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a $0.72 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.88 dividend on an annualized basis and a dividend yield of 5.5%. Alexandria Real Estate Equities’s dividend payout ratio is -34.12%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Citigroup reduced their target price on shares of Alexandria Real Estate Equities from $61.00 to $52.00 and set a “neutral” rating for the company in a research note on Thursday, December 4th. Citizens Jmp downgraded shares of Alexandria Real Estate Equities from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 13th. Morgan Stanley lowered their price objective on Alexandria Real Estate Equities from $55.00 to $54.00 and set an “equal weight” rating on the stock in a report on Monday. Jefferies Financial Group boosted their target price on Alexandria Real Estate Equities from $47.00 to $57.00 and gave the stock a “hold” rating in a report on Friday, January 30th. Finally, Evercore lifted their price target on shares of Alexandria Real Estate Equities from $64.00 to $67.00 and gave the company an “outperform” rating in a research report on Wednesday, January 28th. Five investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Alexandria Real Estate Equities has an average rating of “Hold” and a consensus target price of $65.73.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Loomis Sayles & Co. L P acquired a new stake in shares of Alexandria Real Estate Equities during the 2nd quarter valued at about $27,000. Avalon Trust Co bought a new stake in Alexandria Real Estate Equities in the third quarter valued at $29,000. Cornerstone Planning Group LLC raised its stake in Alexandria Real Estate Equities by 5,916.7% during the third quarter. Cornerstone Planning Group LLC now owns 361 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 355 shares in the last quarter. CYBER HORNET ETFs LLC bought a new position in shares of Alexandria Real Estate Equities during the second quarter valued at $30,000. Finally, BOKF NA boosted its stake in shares of Alexandria Real Estate Equities by 6,033.3% in the 3rd quarter. BOKF NA now owns 368 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 362 shares in the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

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.