Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Free Report) Chairman Joel Marcus bought 5,000 shares of the firm’s stock in a transaction on Friday, September 11th. The shares were purchased at an average price of $49.68 per share, for a total transaction of $248,400.00. Following the completion of the transaction, the chairman owned 597,724 shares of the company’s stock, valued at $29,694,928.32. This represents a 0.84% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Alexandria Real Estate Equities Trading Up 5.3%
Shares of ARE stock opened at $56.33 on Friday. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $39.41 and a fifty-two week high of $88.24. The stock has a market cap of $9.82 billion, a P/E ratio of -9.30 and a beta of 1.15. The business has a fifty day simple moving average of $50.86 and a 200-day simple moving average of $49.35. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.67.
Alexandria Real Estate Equities (NYSE:ARE – Get Free Report) last released 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 business had revenue of $662.78 million during the quarter, compared to analysts’ expectations of $464.86 million. During the same quarter in the prior year, the firm earned $2.33 earnings per share. Alexandria Real Estate Equities’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. On average, analysts forecast that Alexandria Real Estate Equities, Inc. will post 6.39 earnings per share for the current fiscal year.
Alexandria Real Estate Equities Dividend Announcement
Institutional Investors Weigh In On Alexandria Real Estate Equities
A number of hedge funds and other institutional investors have recently modified their holdings of the company. FNY Investment Advisers LLC acquired a new stake in Alexandria Real Estate Equities during the second quarter worth approximately $26,000. First Bancorp Inc ME acquired a new position in Alexandria Real Estate Equities in the 2nd quarter valued at $26,000. Basecamp Wealth Advisors LLC raised its holdings in Alexandria Real Estate Equities by 3,723.5% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 650 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 633 shares during the last quarter. Danske Bank A S purchased a new position in shares of Alexandria Real Estate Equities during the 2nd quarter worth $42,000. Finally, Compass Financial Management LLC purchased a new position in shares of Alexandria Real Estate Equities during the 2nd quarter worth $57,000. 96.54% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
ARE has been the subject of a number of recent research reports. Mizuho dropped their price objective on shares of Alexandria Real Estate Equities from $70.00 to $60.00 and set an “outperform” rating for the company in a research note on Monday, July 6th. BNP Paribas Exane upped their target price on Alexandria Real Estate Equities from $45.00 to $48.00 and gave the company an “underperform” rating in a research note on Wednesday, August 5th. Robert W. Baird increased their target price 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. BMO Capital Markets raised their price target on Alexandria Real Estate Equities from $52.00 to $54.00 and gave the stock a “market perform” rating in a research report on Friday, June 12th. Finally, Wall Street Zen cut Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Two investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Alexandria Real Estate Equities presently has a consensus rating of “Reduce” and an average target price of $52.85.
View Our Latest Research Report on ARE
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.
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