Alexandria Real Estate Equities, Inc. (NYSE:ARE) Receives $52.62 Average Price Target from Brokerages

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) have been given a consensus recommendation of “Reduce” by the sixteen analysts that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $52.3846.

Several research firms recently commented on ARE. Cantor Fitzgerald lifted their price objective on Alexandria Real Estate Equities from $43.00 to $52.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Citigroup upped their target price on shares of Alexandria Real Estate Equities from $42.00 to $50.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Evercore reaffirmed an “outperform” rating and set a $57.00 price target on shares of Alexandria Real Estate Equities in a report on Monday, August 17th. Zacks Research upgraded shares of Alexandria Real Estate Equities from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 19th. Finally, Royal Bank Of Canada lowered their price objective on shares of Alexandria Real Estate Equities from $60.00 to $50.00 and set a “sector perform” rating on the stock in a research report on Tuesday, May 5th.

Alexandria Real Estate Equities Price Performance

Shares of NYSE ARE opened at $53.42 on Monday. Alexandria Real Estate Equities has a twelve month low of $39.41 and a twelve month high of $88.24. The firm has a market cap of $9.31 billion, a P/E ratio of -8.82 and a beta of 1.15. The company has a 50 day moving average of $50.58 and a 200 day moving average of $49.60. 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) last issued its earnings results 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 net margin of 36.08% and a negative return on equity of 5.21%. The business had revenue of $662.78 million for the quarter, compared to analysts’ expectations of $464.86 million. During the same quarter in the prior year, the business posted $2.33 earnings per share. The business’s revenue for the quarter 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. As a group, research analysts expect that Alexandria Real Estate Equities will post 6.38 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.72 per share. The ex-dividend date was Tuesday, June 30th. This represents a $2.88 dividend on an annualized basis and a yield of 5.4%. Alexandria Real Estate Equities’s payout ratio is currently -47.52%.

Insider Buying and Selling at Alexandria Real Estate Equities

In other news, Chairman Joel S. Marcus acquired 5,000 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Monday, August 17th. The stock was bought at an average price of $46.28 per share, for a total transaction of $231,400.00. Following the completion of the transaction, the chairman owned 592,724 shares in the company, valued at $27,431,266.72. The trade was a 0.85% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Marc E. Binda sold 2,000 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $54.00, for a total value of $108,000.00. Following the completion of the transaction, the chief financial officer directly owned 188,264 shares in the company, valued at approximately $10,166,256. This represents a 1.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.35% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Alexandria Real Estate Equities

Several hedge funds and other institutional investors have recently made changes to their positions in ARE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Alexandria Real Estate Equities by 102.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,245 shares of the real estate investment trust’s stock valued at $2,184,000 after buying an additional 11,762 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Alexandria Real Estate Equities by 4,261.1% during the 1st quarter. NewEdge Advisors LLC now owns 3,140 shares of the real estate investment trust’s stock worth $290,000 after acquiring an additional 3,068 shares during the last quarter. Empowered Funds LLC grew its position in shares of Alexandria Real Estate Equities by 4.8% during the 1st quarter. Empowered Funds LLC now owns 6,455 shares of the real estate investment trust’s stock valued at $597,000 after acquiring an additional 296 shares during the period. Woodline Partners LP grew its position in shares of Alexandria Real Estate Equities by 39.9% during the 1st quarter. Woodline Partners LP now owns 13,015 shares of the real estate investment trust’s stock valued at $1,204,000 after acquiring an additional 3,714 shares during the period. Finally, Focus Partners Wealth increased its stake in shares of Alexandria Real Estate Equities by 171.5% in the 1st quarter. Focus Partners Wealth now owns 6,591 shares of the real estate investment trust’s stock worth $610,000 after purchasing an additional 4,163 shares in the last quarter. Hedge funds and other institutional investors 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 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.