Insider Selling: Alexandria Real Estate Equities (NYSE:ARE) EVP Sells $25,835.20 in Stock
by Tristan Rich · The Markets DailyAlexandria Real Estate Equities, Inc. (NYSE:ARE – Get Free Report) EVP Hallie Kuhn sold 536 shares of the stock in a transaction on Friday, April 17th. The stock was sold at an average price of $48.20, for a total value of $25,835.20. Following the sale, the executive vice president directly owned 48,301 shares of the company’s stock, valued at approximately $2,328,108.20. This represents a 1.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Alexandria Real Estate Equities Price Performance
Shares of NYSE ARE opened at $46.41 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.23 and a quick ratio of 0.23. The stock has a fifty day moving average price of $48.94 and a 200 day moving average price of $53.94. Alexandria Real Estate Equities, Inc. has a 1-year low of $41.44 and a 1-year high of $88.24. The company has a market cap of $8.04 billion, a PE ratio of -5.50, a P/E/G ratio of 5.64 and a beta of 1.33.
Alexandria Real Estate Equities (NYSE:ARE – Get Free Report) last issued its quarterly earnings results on Monday, January 26th. The real estate investment trust reported $2.16 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.01. Alexandria Real Estate Equities had a negative return on equity of 6.82% and a negative net margin of 47.23%.The firm had revenue of $754.41 million during the quarter, compared to the consensus estimate of $742.64 million. During the same period last year, the company earned $2.39 earnings per share. The company’s revenue for the quarter was down 4.4% on a year-over-year basis. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.250-6.550 EPS. Sell-side analysts forecast that Alexandria Real Estate Equities, Inc. will post 6.41 EPS for the current year.
Alexandria Real Estate Equities Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a $0.72 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.88 dividend on an annualized basis and a yield of 6.2%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is -34.12%.
Institutional Trading of Alexandria Real Estate Equities
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. DNB Asset Management AS increased its position in Alexandria Real Estate Equities by 121.4% during the 3rd quarter. DNB Asset Management AS now owns 92,657 shares of the real estate investment trust’s stock worth $7,722,000 after purchasing an additional 50,810 shares in the last quarter. Nan Fung Trinity HK Ltd. acquired a new stake in Alexandria Real Estate Equities in the 3rd quarter worth about $14,664,000. Harvey Capital Management Inc. boosted its stake in Alexandria Real Estate Equities by 91.8% in the 3rd quarter. Harvey Capital Management Inc. now owns 45,600 shares of the real estate investment trust’s stock worth $3,800,000 after buying an additional 21,825 shares during the last quarter. Phoenix Financial Ltd. acquired a new stake in Alexandria Real Estate Equities in the 3rd quarter worth about $1,957,000. Finally, DAVENPORT & Co LLC boosted its stake in Alexandria Real Estate Equities by 33.5% in the 3rd quarter. DAVENPORT & Co LLC now owns 1,115,665 shares of the real estate investment trust’s stock worth $93,218,000 after buying an additional 279,876 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.
Analyst Upgrades and Downgrades
ARE has been the subject of a number of recent analyst reports. Royal Bank Of Canada reissued a “sector perform” rating and issued a $60.00 target price on shares of Alexandria Real Estate Equities in a report on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft raised their target price on Alexandria Real Estate Equities from $53.00 to $55.00 and gave the company a “hold” rating in a report on Monday, February 2nd. Evercore reduced their target price on Alexandria Real Estate Equities from $67.00 to $65.00 and set an “outperform” rating for the company in a report on Monday, April 6th. BMO Capital Markets reissued a “market perform” rating and issued a $52.00 target price (down from $65.00) on shares of Alexandria Real Estate Equities in a report on Wednesday, March 25th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Alexandria Real Estate Equities in a report on Monday. Three research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $63.67.
Read Our Latest Research Report on Alexandria Real Estate Equities
About Alexandria Real Estate Equities
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.