Alexandria Real Estate Equities (NYSE:ARE) Now Covered by Analysts at The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of Alexandria Real Estate Equities (NYSE:ARE) in a report issued on Tuesday, Marketbeat reports. The firm issued a neutral rating and a $60.00 price target on the real estate investment trust’s stock.

A number of other analysts have also recently weighed in on ARE. Cantor Fitzgerald raised their price target on Alexandria Real Estate Equities from $46.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. JPMorgan Chase & Co. lowered their price target on Alexandria Real Estate Equities from $65.00 to $63.00 and set a “neutral” rating for the company in a report on Wednesday, January 14th. Weiss Ratings reissued a “sell (d)” rating on shares of Alexandria Real Estate Equities in a report on Wednesday, January 21st. BMO Capital Markets upped their target price on shares of Alexandria Real Estate Equities from $60.00 to $65.00 and gave the company an “outperform” rating in a report on Monday, January 26th. Finally, Citigroup cut their price target on shares of Alexandria Real Estate Equities from $61.00 to $52.00 and set a “neutral” rating on the stock in a research note on Thursday, December 4th. Five analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $66.13.

Alexandria Real Estate Equities Stock Performance

Shares of ARE opened at $53.79 on Tuesday. Alexandria Real Estate Equities has a 1 year low of $44.10 and a 1 year high of $105.14. The stock has a market capitalization of $9.32 billion, a PE ratio of -6.37, a PEG ratio of 6.53 and a beta of 1.31. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.23 and a current ratio of 0.23. The stock has a 50-day simple moving average of $51.69 and a 200-day simple moving average of $66.15.

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

Alexandria Real Estate Equities Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a dividend of $0.72 per share. The ex-dividend date was Wednesday, December 31st. This represents a $2.88 annualized dividend and a dividend yield of 5.4%. Alexandria Real Estate Equities’s dividend payout ratio is -34.12%.

Alexandria Real Estate Equities declared that its board has initiated a share buyback program on Monday, December 8th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to buy up to 6.4% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In related news, Director Sheila K. Mcgrath acquired 3,100 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was bought at an average cost of $45.60 per share, with a total value of $141,360.00. Following the transaction, the director owned 8,392 shares of the company’s stock, valued at $382,675.20. The trade was a 58.58% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.15% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Alexandria Real Estate Equities

Several large investors have recently modified their holdings of ARE. Norges Bank purchased a new position in Alexandria Real Estate Equities during the 2nd quarter worth $1,195,306,000. State Street Corp raised its holdings in Alexandria Real Estate Equities by 3.7% during the third quarter. State Street Corp now owns 11,273,031 shares of the real estate investment trust’s stock worth $954,117,000 after purchasing an additional 399,286 shares in the last quarter. Geode Capital Management LLC lifted its position in Alexandria Real Estate Equities by 1.9% in the second quarter. Geode Capital Management LLC now owns 4,318,035 shares of the real estate investment trust’s stock valued at $312,407,000 after purchasing an additional 82,591 shares during the period. Invesco Ltd. boosted its holdings in Alexandria Real Estate Equities by 4.0% in the 3rd quarter. Invesco Ltd. now owns 3,821,880 shares of the real estate investment trust’s stock valued at $318,516,000 after purchasing an additional 145,562 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Alexandria Real Estate Equities by 4.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,655,204 shares of the real estate investment trust’s stock worth $192,848,000 after purchasing an additional 125,020 shares during the period. Hedge funds and other institutional investors own 96.54% of the company’s stock.

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.