Alexandria Real Estate Equities, Inc. (NYSE:ARE) Given Consensus Rating of “Hold” by Analysts

Alexandria Real Estate Equities, Inc. (NYSE:ARE) has been assigned a consensus rating of “Hold” from the seventeen brokerages that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $65.7333.

A number of brokerages have commented on ARE. Evercore increased their price target on shares of Alexandria Real Estate Equities from $64.00 to $67.00 and gave the company an “outperform” rating in a research report on Wednesday, January 28th. Zacks Research raised shares of Alexandria Real Estate Equities from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 29th. BNP Paribas Exane decreased their target price on shares of Alexandria Real Estate Equities from $72.00 to $50.00 and set an “underperform” rating on the stock in a research report on Thursday, December 4th. Cantor Fitzgerald boosted their price target on shares of Alexandria Real Estate Equities from $46.00 to $60.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 21st.

Alexandria Real Estate Equities Trading Down 1.9%

NYSE ARE opened at $54.07 on Monday. The stock’s 50-day simple moving average is $53.68 and its two-hundred day simple moving average is $63.35. Alexandria Real Estate Equities has a twelve month low of $44.10 and a twelve month high of $105.14. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $9.37 billion, a price-to-earnings ratio of -6.41, a PEG ratio of 6.68 and a beta of 1.31.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Monday, January 26th. The real estate investment trust reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.01. The firm had revenue of $754.41 million during the quarter, compared to analysts’ expectations of $742.64 million. Alexandria Real Estate Equities had a negative return on equity of 6.82% and a negative net margin of 47.23%.The company’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.39 EPS. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.250-6.550 EPS. Research analysts forecast that Alexandria Real Estate Equities will post 9.32 EPS for the current fiscal year.

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

Alexandria Real Estate Equities Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 5.3%. The ex-dividend date was Wednesday, December 31st. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently -34.12%.

Insider Activity at Alexandria Real Estate Equities

In other news, Chairman Joel S. Marcus purchased 25,000 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was bought at an average cost of $53.92 per share, for a total transaction of $1,348,000.00. Following the acquisition, the chairman directly owned 562,724 shares of the company’s stock, valued at $30,342,078.08. This represents a 4.65% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Sheila K. Mcgrath purchased 3,100 shares of the company’s stock in a transaction on Wednesday, December 10th. The shares were purchased at an average cost of $45.60 per share, with a total value of $141,360.00. Following the transaction, the director directly owned 8,392 shares in the company, valued at $382,675.20. This trade represents a 58.58% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 1.08% of the company’s stock.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Several hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank bought a new stake in shares of Alexandria Real Estate Equities in the second quarter worth about $1,195,306,000. Invesco Ltd. lifted its holdings in Alexandria Real Estate Equities by 57.9% in the 4th quarter. Invesco Ltd. now owns 6,033,304 shares of the real estate investment trust’s stock worth $295,270,000 after buying an additional 2,211,424 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Alexandria Real Estate Equities by 1,022.1% in 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 worth $151,175,000 after buying an additional 1,652,298 shares during the last quarter. Freestone Grove Partners LP purchased a new position in shares of Alexandria Real Estate Equities during the fourth quarter valued at approximately $72,144,000. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Alexandria Real Estate Equities by 52.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,582,387 shares of the real estate investment trust’s stock valued at $175,322,000 after acquiring an additional 1,236,781 shares in the last quarter. 96.54% of the stock is owned by institutional investors.

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.