Alexandria Real Estate Equities, Inc. (NYSE:ARE) Receives $65.33 Consensus PT from Analysts

Alexandria Real Estate Equities, Inc. (NYSE:ARE) has received an average rating of “Hold” from the seventeen ratings firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $65.3333.

Several research analysts recently weighed in on ARE shares. JPMorgan Chase & Co. decreased their target price on Alexandria Real Estate Equities from $63.00 to $57.00 and set a “neutral” rating for the company in a research note on Tuesday, March 10th. Mizuho cut their price target on shares of Alexandria Real Estate Equities from $91.00 to $70.00 and set an “outperform” rating for the company in a report on Friday, January 9th. The Goldman Sachs Group began coverage on shares of Alexandria Real Estate Equities in a report on Tuesday, February 3rd. They issued a “neutral” rating and a $60.00 price target for the company. Jefferies Financial Group raised their price objective on shares of Alexandria Real Estate Equities from $47.00 to $57.00 and gave the company a “hold” rating in a research report on Friday, January 30th. Finally, Cantor Fitzgerald lifted their price objective 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.

Insider Activity

In related news, Chairman Joel S. Marcus purchased 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The stock was acquired at an average price of $53.92 per share, for a total transaction of $1,348,000.00. Following the transaction, the chairman directly owned 562,724 shares of the company’s stock, valued at $30,342,078.08. This trade represents a 4.65% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.15% of the stock is owned by company insiders.

Institutional Trading of Alexandria Real Estate Equities

Hedge funds have recently bought and sold shares of the company. Loomis Sayles & Co. L P purchased a new position in shares of Alexandria Real Estate Equities in the second quarter worth approximately $27,000. Avalon Trust Co purchased a new stake in shares of Alexandria Real Estate Equities in the 3rd quarter valued at approximately $29,000. Cornerstone Planning Group LLC boosted its stake in Alexandria Real Estate Equities by 5,916.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 361 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 355 shares during the period. CYBER HORNET ETFs LLC acquired a new position in Alexandria Real Estate Equities in the 2nd quarter worth approximately $30,000. Finally, BOKF NA grew its position in Alexandria Real Estate Equities by 6,033.3% during the 3rd quarter. BOKF NA now owns 368 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 362 shares in the last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Price Performance

NYSE ARE opened at $47.38 on Friday. Alexandria Real Estate Equities has a 12 month low of $44.10 and a 12 month high of $98.27. The firm has a market capitalization of $8.21 billion, a PE ratio of -5.61, a P/E/G ratio of 5.73 and a beta of 1.31. The company’s 50 day simple moving average is $53.78 and its 200 day simple moving average is $60.10. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.23 and a quick ratio of 0.23.

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. The firm had revenue of $754.41 million during the quarter, compared to the consensus estimate 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 firm’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 firm posted $2.39 earnings per share. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, equities research analysts forecast that Alexandria Real Estate Equities will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date is Tuesday, March 31st. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently -34.12%.

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

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.