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

Alexandria Real Estate Equities, Inc. (NYSE:ARE) has been given an average rating of “Hold” by the seventeen research firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $65.7333.

A number of research analysts have recently issued reports on ARE shares. Robert W. Baird reduced their price target on shares of Alexandria Real Estate Equities from $73.00 to $67.00 and set an “outperform” rating on the stock in a research report on Thursday, December 4th. Mizuho dropped their price objective on shares of Alexandria Real Estate Equities from $91.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, January 9th. Citizens Jmp downgraded Alexandria Real Estate Equities from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 13th. Citigroup lowered their target price on Alexandria Real Estate Equities from $61.00 to $52.00 and set a “neutral” rating for the company in a report on Thursday, December 4th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $60.00 target price on shares of Alexandria Real Estate Equities in a research note on Tuesday, February 10th.

Insider Buying and Selling at Alexandria Real Estate Equities

In other news, Director Sheila K. Mcgrath acquired 3,100 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were bought at an average price of $45.60 per share, with a total value of $141,360.00. Following the purchase, the director owned 8,392 shares of the company’s stock, valued at approximately $382,675.20. This represents a 58.58% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Joel S. Marcus bought 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The shares were purchased at an average cost of $53.92 per share, with a total value of $1,348,000.00. Following the purchase, the chairman directly owned 562,724 shares of the company’s stock, valued at approximately $30,342,078.08. This represents a 4.65% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 1.15% of the company’s stock.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Several hedge funds have recently made changes to their positions in the business. Norges Bank bought a new stake in Alexandria Real Estate Equities during the second quarter worth approximately $1,195,306,000. Invesco Ltd. lifted its position in shares of Alexandria Real Estate Equities by 57.9% during the 4th quarter. Invesco Ltd. now owns 6,033,304 shares of the real estate investment trust’s stock valued at $295,270,000 after acquiring an additional 2,211,424 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Alexandria Real Estate Equities by 1,022.1% during 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 acquiring an additional 1,652,298 shares in the last quarter. Freestone Grove Partners LP acquired a new position in shares of Alexandria Real Estate Equities in the 4th quarter worth $72,144,000. Finally, Goldman Sachs Group Inc. raised its position 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 worth $175,322,000 after purchasing an additional 1,236,781 shares during the period. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Up 0.5%

NYSE:ARE opened at $53.65 on Monday. The stock has a 50-day simple moving average of $53.04 and a 200 day simple moving average of $63.89. Alexandria Real Estate Equities has a one year low of $44.10 and a one year high of $105.14. The company has a market capitalization of $9.30 billion, a price-to-earnings ratio of -6.36, a price-to-earnings-growth ratio of 6.52 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.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, January 26th. The real estate investment trust reported $2.16 EPS for the quarter, topping the consensus estimate of $2.15 by $0.01. Alexandria Real Estate Equities had a negative return on equity of 6.82% and a negative net margin of 47.23%.The company had revenue of $754.41 million during the quarter, compared to analyst estimates of $742.64 million. During the same quarter last year, the firm earned $2.39 EPS. The business’s revenue was down 4.4% on a year-over-year basis. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.250-6.550 EPS. Sell-side analysts predict 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 initiated a stock buyback program on Monday, December 8th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the real estate investment trust to repurchase up to 6.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Alexandria Real Estate Equities Cuts Dividend

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

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.