Alexandria Real Estate Equities (NYSE:ARE) Downgraded by Wall Street Zen to Sell

Wall Street Zen downgraded shares of Alexandria Real Estate Equities (NYSE:ARE) from a hold rating to a sell rating in a research note published on Saturday.

A number of other equities research analysts have also issued reports on the company. Zacks Research lowered Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating in a research note on Friday, July 17th. Evercore raised their price target on Alexandria Real Estate Equities from $58.00 to $60.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. BMO Capital Markets upped their price objective on Alexandria Real Estate Equities from $52.00 to $54.00 and gave the company a “market perform” rating in a research report on Friday, June 12th. BNP Paribas Exane increased their price objective on Alexandria Real Estate Equities from $45.00 to $48.00 and gave the company an “underperform” rating in a research note on Wednesday. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $53.00 price objective on shares of Alexandria Real Estate Equities in a research note on Thursday, June 11th. Two analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Alexandria Real Estate Equities has a consensus rating of “Reduce” and a consensus price target of $52.00.

Alexandria Real Estate Equities Stock Performance

Shares of ARE opened at $49.74 on Friday. Alexandria Real Estate Equities has a 12-month low of $39.41 and a 12-month high of $88.24. The stock has a market cap of $8.67 billion, a P/E ratio of -8.21, a PEG ratio of 6.05 and a beta of 1.15. The company has a current ratio of 0.19, a quick ratio of 0.20 and a debt-to-equity ratio of 0.67. The company has a 50-day moving average of $51.14 and a two-hundred day moving average of $50.19.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly 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 during the quarter, compared to analyst estimates of $464.86 million. During the same quarter in the prior year, the company earned $2.33 earnings per share. The firm’s revenue for the quarter was down 13.0% compared to the same quarter last year. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. As a group, research analysts predict that Alexandria Real Estate Equities will post 6.37 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a $0.72 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.88 annualized dividend and a dividend yield of 5.8%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently -47.52%.

Insider Buying and Selling at Alexandria Real Estate Equities

In other news, CFO Marc E. Binda sold 2,000 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $54.00, for a total transaction of $108,000.00. Following the completion of the sale, the chief financial officer directly owned 188,264 shares in the company, valued at $10,166,256. This represents a 1.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.35% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Alexandria Real Estate Equities

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Alexandria Real Estate Equities during the second quarter valued at approximately $1,146,423,000. Norges Bank acquired a new stake in shares of Alexandria Real Estate Equities in the fourth quarter worth $805,429,000. Invesco Ltd. increased its position in shares of Alexandria Real Estate Equities by 57.9% in the fourth quarter. Invesco Ltd. now owns 6,033,304 shares of the real estate investment trust’s stock worth $295,270,000 after acquiring an additional 2,211,424 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake 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 valued at $151,175,000 after acquiring an additional 1,652,298 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in shares of Alexandria Real Estate Equities in the 2nd quarter valued at $79,253,000. 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.