Alexandria Real Estate Equities (NYSE:ARE) Director Purchases $141,360.00 in Stock

Alexandria Real Estate Equities, Inc. (NYSE:ARE) Director Sheila Mcgrath acquired 3,100 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The stock was purchased at an average cost of $45.60 per share, with a total value of $141,360.00. Following the acquisition, the director directly owned 8,392 shares of the company’s stock, valued at $382,675.20. This trade represents a 58.58% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

Alexandria Real Estate Equities Stock Performance

ARE stock traded up $1.05 during trading on Friday, reaching $46.62. The stock had a trading volume of 2,277,900 shares, compared to its average volume of 1,857,216. Alexandria Real Estate Equities, Inc. has a 52 week low of $44.10 and a 52 week high of $105.14. The stock’s 50 day moving average is $60.54 and its two-hundred day moving average is $71.84. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.65. The firm has a market cap of $8.06 billion, a PE ratio of -18.88, a PEG ratio of 4.00 and a beta of 1.32.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $2.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.09). Alexandria Real Estate Equities had a negative net margin of 13.43% and a negative return on equity of 1.89%. The firm had revenue of $751.94 million for the quarter, compared to the consensus estimate of $752.90 million. During the same quarter in the prior year, the firm earned $2.37 earnings per share. The company’s revenue for the quarter was down 5.0% compared to the same quarter last year. Alexandria Real Estate Equities has set its FY 2025 guidance at 8.980-9.040 EPS. As a group, equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities declared that its board has authorized a stock buyback program on Monday, December 8th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to purchase up to 6.4% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Alexandria Real Estate Equities Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Wednesday, December 31st. Alexandria Real Estate Equities’s dividend payout ratio is currently -116.60%.

Wall Street Analysts Forecast Growth

ARE has been the subject of a number of recent research reports. BNP Paribas downgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating and set a $82.00 price objective for the company. in a research report on Wednesday, October 1st. Evercore ISI lowered their target price on Alexandria Real Estate Equities from $72.00 to $64.00 and set an “outperform” rating on the stock in a research report on Thursday, December 4th. Cantor Fitzgerald reduced their price target on Alexandria Real Estate Equities from $52.00 to $48.00 and set a “neutral” rating for the company in a research report on Friday, December 5th. Royal Bank Of Canada lowered their price objective on Alexandria Real Estate Equities from $98.00 to $65.00 and set a “sector perform” rating on the stock in a research report on Monday, November 3rd. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research note on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Alexandria Real Estate Equities has an average rating of “Hold” and an average price target of $72.43.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new stake in shares of Alexandria Real Estate Equities in the second quarter worth about $1,195,306,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Alexandria Real Estate Equities by 1,022.1% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,813,955 shares of the real estate investment trust’s stock valued at $151,175,000 after buying an additional 1,652,298 shares in the last quarter. AQR Capital Management LLC increased its stake in Alexandria Real Estate Equities by 511.9% in the 1st quarter. AQR Capital Management LLC now owns 1,517,842 shares of the real estate investment trust’s stock worth $140,416,000 after acquiring an additional 1,269,795 shares during the last quarter. DAVENPORT & Co LLC raised its holdings in shares of Alexandria Real Estate Equities by 1,796.2% during the 2nd quarter. DAVENPORT & Co LLC now owns 835,789 shares of the real estate investment trust’s stock worth $60,814,000 after acquiring an additional 791,712 shares in the last quarter. Finally, Menora Mivtachim Holdings LTD. purchased a new stake in shares of Alexandria Real Estate Equities during the 3rd quarter worth approximately $61,255,000. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc (NYSE: ARE), an S&P 500 company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. As the pioneer of the life science real estate niche since our founding in 1994, Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative life science, agtech, and advanced technology mega campuses in AAA innovation cluster locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.