Insider Selling: Alexandria Real Estate Equities (NYSE:ARE) EVP Sells $849,073.10 in Stock

Alexandria Real Estate Equities, Inc. (NYSE:ARE) EVP Kristina Fukuzaki-Carlson sold 16,810 shares of the firm’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $50.51, for a total transaction of $849,073.10. Following the completion of the sale, the executive vice president owned 39,152 shares in the company, valued at $1,977,567.52. This represents a 30.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Alexandria Real Estate Equities Stock Performance

Shares of ARE opened at $56.33 on Friday. Alexandria Real Estate Equities, Inc. has a 12 month low of $39.41 and a 12 month high of $88.24. The stock has a fifty day moving average price of $50.86 and a 200-day moving average price of $49.35. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.67. The firm has a market cap of $9.82 billion, a PE ratio of -9.30 and a beta of 1.15.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported ($0.43) EPS for the quarter, missing the consensus estimate 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 analyst estimates of $464.86 million. During the same quarter in the previous year, the firm posted $2.33 earnings per share. The company’s quarterly revenue was down 13.0% on a year-over-year basis. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. Equities research analysts predict that Alexandria Real Estate Equities, Inc. will post 6.39 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend is Wednesday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio is presently -47.52%.

Analysts Set New Price Targets

ARE has been the topic of several analyst reports. Mizuho dropped their target price on Alexandria Real Estate Equities from $70.00 to $60.00 and set an “outperform” rating on the stock in a report on Monday, July 6th. Robert W. Baird boosted their price target on Alexandria Real Estate Equities from $46.00 to $52.00 and gave the company a “neutral” rating in a report on Monday, August 24th. BNP Paribas Exane upped their price objective on Alexandria Real Estate Equities from $45.00 to $48.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 5th. Evercore reaffirmed an “outperform” rating and set a $57.00 price objective on shares of Alexandria Real Estate Equities in a research note on Monday, August 17th. Finally, Wall Street Zen lowered shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Two equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and an average price target of $52.85.

Hedge Funds Weigh In On Alexandria Real Estate Equities

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Alexandria Real Estate Equities in the 2nd quarter worth about $1,146,423,000. Norges Bank acquired a new position in shares of Alexandria Real Estate Equities during the fourth quarter valued at approximately $805,429,000. Bank of New York Mellon Corp purchased a new position in shares of Alexandria Real Estate Equities in the second quarter valued at approximately $79,253,000. Legal & General Group Plc purchased a new position in shares of Alexandria Real Estate Equities in the second quarter valued at approximately $76,647,000. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Alexandria Real Estate Equities by 52.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,582,387 shares of the real estate investment trust’s stock worth $175,322,000 after acquiring an additional 1,236,781 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Company Profile

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.