Alexandria Real Estate Equities (NYSE:ARE) Shares Down 5.3% Following Weak Earnings

Alexandria Real Estate Equities, Inc. (NYSE:ARE)’s share price fell 5.3% on Tuesday following a dissappointing earnings announcement. The company traded as low as $49.30 and last traded at $50.2150. 911,952 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 2,256,557 shares. The stock had previously closed at $53.03.

The real estate investment trust reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.52). Alexandria Real Estate Equities had a negative return on equity of 5.21% and a negative net margin of 36.08%.The company had revenue of $662.78 million for the quarter, compared to the consensus estimate of $464.86 million. During the same quarter in the previous year, the company earned $2.33 earnings per share. Alexandria Real Estate Equities’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.

Alexandria Real Estate Equities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date was Tuesday, June 30th. Alexandria Real Estate Equities’s dividend payout ratio is currently -45.93%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ARE. Mizuho lowered their price objective on shares of Alexandria Real Estate Equities from $70.00 to $60.00 and set an “outperform” rating on the stock in a research note on Monday, July 6th. Evercore increased their price target on Alexandria Real Estate Equities from $58.00 to $60.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. Zacks Research cut Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating in a research report on Friday, July 17th. Morgan Stanley reissued an “underweight” rating and issued a $53.00 price objective on shares of Alexandria Real Estate Equities in a research note on Thursday, June 11th. Finally, Jefferies Financial Group decreased their target price on Alexandria Real Estate Equities from $57.00 to $47.00 and set a “hold” rating for the company in a research note on Tuesday, April 14th. Two investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $52.00.

Insider Activity

In other news, CFO Marc E. Binda sold 2,000 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $54.00, for a total transaction of $108,000.00. Following the completion of the sale, the chief financial officer directly owned 188,264 shares of the company’s stock, valued at $10,166,256. This represents a 1.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.35% of the stock is owned by company insiders.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Institutional investors have recently bought and sold shares of the stock. Tema ETFs LLC lifted its holdings in shares of Alexandria Real Estate Equities by 10.5% in the second quarter. Tema ETFs LLC now owns 3,060 shares of the real estate investment trust’s stock valued at $162,000 after purchasing an additional 290 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in shares of Alexandria Real Estate Equities by 58.6% in the 2nd quarter. Handelsbanken Fonder AB now owns 68,500 shares of the real estate investment trust’s stock valued at $3,620,000 after purchasing an additional 25,300 shares during the period. LVM Capital Management Ltd. MI purchased a new stake in shares of Alexandria Real Estate Equities in the second quarter worth approximately $617,000. Gradient Investments LLC lifted its position in shares of Alexandria Real Estate Equities by 5.0% in the second quarter. Gradient Investments LLC now owns 276,944 shares of the real estate investment trust’s stock worth $14,637,000 after purchasing an additional 13,228 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Alexandria Real Estate Equities during the second quarter worth approximately $26,000. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Price Performance

The stock’s 50-day moving average is $51.17 and its 200 day moving average is $50.26. The stock has a market capitalization of $8.68 billion, a PE ratio of -8.23, a P/E/G ratio of 5.95 and a beta of 1.15. The company has a quick ratio of 0.20, a current ratio of 0.19 and a debt-to-equity ratio of 0.67.

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.