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

Alexandria Real Estate Equities, Inc. (NYSE:ARE) Director Sheila Mcgrath acquired 3,100 shares of Alexandria Real Estate Equities stock in a transaction on Wednesday, December 10th. The stock was acquired at an average cost of $45.60 per share, for a total transaction of $141,360.00. Following the purchase, the director owned 8,392 shares of the company’s stock, valued at approximately $382,675.20. This represents a 58.58% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Alexandria Real Estate Equities Stock Performance

Alexandria Real Estate Equities stock opened at $46.62 on Monday. The stock has a 50-day simple moving average of $59.80 and a 200 day simple moving average of $71.72. The stock has a market capitalization of $8.06 billion, a price-to-earnings ratio of -18.88, a P/E/G ratio of 4.02 and a beta of 1.32. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.65. Alexandria Real Estate Equities, Inc. has a 12-month low of $44.10 and a 12-month high of $105.14.

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

Alexandria Real Estate Equities Cuts Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $2.88 annualized dividend and a yield of 6.2%. Alexandria Real Estate Equities’s dividend payout ratio is currently -213.77%.

Alexandria Real Estate Equities declared that its Board of Directors has approved a share buyback plan on Monday, December 8th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to purchase up to 6.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On Alexandria Real Estate Equities

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ARE. Sound Income Strategies LLC acquired a new stake in shares of Alexandria Real Estate Equities in the 2nd quarter valued at approximately $25,000. Loomis Sayles & Co. L P bought a new stake in Alexandria Real Estate Equities in the second quarter valued at approximately $27,000. American National Bank & Trust acquired a new stake in Alexandria Real Estate Equities in the second quarter worth $29,000. Avalon Trust Co bought a new position in shares of Alexandria Real Estate Equities during the third quarter worth $29,000. Finally, Cornerstone Planning Group LLC boosted its position in shares of Alexandria Real Estate Equities by 5,916.7% during the third quarter. Cornerstone Planning Group LLC now owns 361 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 355 shares in the last quarter. Institutional investors own 96.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ARE. Jefferies Financial Group set a $62.00 target price on Alexandria Real Estate Equities and gave the company a “hold” rating in a research note on Monday, November 3rd. Weiss Ratings reiterated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research report on Wednesday, October 8th. Zacks Research downgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 6th. JPMorgan Chase & Co. reduced their target price on shares of Alexandria Real Estate Equities from $95.00 to $65.00 in a research note on Monday, November 3rd. Finally, BNP Paribas Exane lowered their price target on shares of Alexandria Real Estate Equities from $72.00 to $50.00 and set an “underperform” rating for the company in a research report on Thursday, December 4th. Four research 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. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $72.43.

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.