Alexandria Real Estate Equities, Inc. (NYSE:ARE) Receives Average Rating of “Hold” from Brokerages

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) have been assigned a consensus rating of “Hold” from the sixteen analysts that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $51.8462.

Several brokerages recently issued reports on ARE. Royal Bank Of Canada cut their target price on shares of Alexandria Real Estate Equities from $60.00 to $50.00 and set a “sector perform” rating for the company in a research report on Tuesday, May 5th. Evercore raised their price target on Alexandria Real Estate Equities from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Wednesday. Morgan Stanley reaffirmed an “underweight” rating and set a $53.00 price target on shares of Alexandria Real Estate Equities in a research note on Thursday, June 11th. Cantor Fitzgerald cut their price objective on Alexandria Real Estate Equities from $60.00 to $43.00 and set a “neutral” rating for the company in a report on Wednesday, April 29th. Finally, Citigroup reiterated an “outperform” rating on shares of Alexandria Real Estate Equities in a report on Monday, May 4th.

Alexandria Real Estate Equities Stock Down 0.1%

Shares of NYSE ARE opened at $52.54 on Friday. Alexandria Real Estate Equities has a 12 month low of $39.41 and a 12 month high of $88.24. The firm has a market capitalization of $9.16 billion, a price-to-earnings ratio of -8.38, a PEG ratio of 6.37 and a beta of 1.17. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.65. The business has a 50-day moving average of $49.20 and a 200-day moving average of $50.29.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $1.73 EPS for the quarter, hitting analysts’ consensus estimates of $1.73. The business had revenue of $671.02 million during the quarter, compared to analysts’ expectations of $684.78 million. Alexandria Real Estate Equities had a negative net margin of 36.03% and a negative return on equity of 5.21%. The business’s quarterly revenue was down 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.30 EPS. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.300-6.500 EPS. Sell-side analysts expect that Alexandria Real Estate Equities will post 6.4 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a $0.72 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.88 dividend on an annualized basis and a yield of 5.5%. Alexandria Real Estate Equities’s payout ratio is presently -45.93%.

Insider Transactions at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, EVP Gregory Calvin Thomas acquired 3,500 shares of the stock in a transaction dated Thursday, April 30th. The stock was purchased at an average cost of $41.00 per share, for a total transaction of $143,500.00. Following the acquisition, the executive vice president owned 33,024 shares in the company, valued at $1,353,984. The trade was a 11.85% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Hallie E. Kuhn sold 536 shares of the company’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $48.20, for a total transaction of $25,835.20. Following the completion of the sale, the executive vice president directly owned 48,301 shares of the company’s stock, valued at $2,328,108.20. This trade represents a 1.10% 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 Trading of Alexandria Real Estate Equities

Hedge funds have recently added to or reduced their stakes in the business. DNB Asset Management AS boosted its holdings in Alexandria Real Estate Equities by 121.4% during the 3rd quarter. DNB Asset Management AS now owns 92,657 shares of the real estate investment trust’s stock valued at $7,722,000 after acquiring an additional 50,810 shares during the period. Cbre Investment Management Listed Real Assets LLC grew its position in Alexandria Real Estate Equities by 159.3% during the 3rd quarter. Cbre Investment Management Listed Real Assets LLC now owns 491,416 shares of the real estate investment trust’s stock worth $40,955,000 after acquiring an additional 301,906 shares during the last quarter. Gradient Investments LLC increased its stake in Alexandria Real Estate Equities by 1,453.9% in the 4th quarter. Gradient Investments LLC now owns 257,838 shares of the real estate investment trust’s stock worth $12,619,000 after purchasing an additional 241,245 shares during the period. Norges Bank purchased a new position in Alexandria Real Estate Equities in the 4th quarter worth approximately $805,429,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in Alexandria Real Estate Equities by 21.8% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,415,876 shares of the real estate investment trust’s stock valued at $69,293,000 after purchasing an additional 253,402 shares during 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.