Brokerages Set Alexandria Real Estate Equities, Inc. (NYSE:ARE) PT at $64.33

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) have earned a consensus recommendation of “Hold” from the seventeen ratings firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $63.6667.

ARE has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of Alexandria Real Estate Equities from $63.00 to $57.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 10th. Mizuho cut their target price on shares of Alexandria Real Estate Equities from $91.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, January 9th. BMO Capital Markets reissued a “market perform” rating and issued a $52.00 price target (down from $65.00) on shares of Alexandria Real Estate Equities in a report on Wednesday, March 25th. Royal Bank Of Canada restated a “sector perform” rating and issued a $60.00 price target on shares of Alexandria Real Estate Equities in a research report on Tuesday, February 10th. Finally, Evercore cut their price objective on shares of Alexandria Real Estate Equities from $67.00 to $65.00 and set an “outperform” rating for the company in a research report on Monday, April 6th.

Insider Buying and Selling

In other news, Chairman Joel S. Marcus purchased 25,000 shares of the business’s stock in a transaction on Thursday, February 12th. The stock was purchased at an average price of $53.92 per share, with a total value of $1,348,000.00. Following the acquisition, the chairman directly owned 562,724 shares in the company, valued at approximately $30,342,078.08. The trade was a 4.65% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 1.35% of the stock is currently owned by company insiders.

Institutional Trading of Alexandria Real Estate Equities

A number of institutional investors and hedge funds have recently modified their holdings of ARE. SG Americas Securities LLC increased its holdings in Alexandria Real Estate Equities by 157.2% in the 1st quarter. SG Americas Securities LLC now owns 399,722 shares of the real estate investment trust’s stock valued at $18,555,000 after buying an additional 244,302 shares during the period. Evolve Private Wealth LLC bought a new position in shares of Alexandria Real Estate Equities during the 1st quarter worth about $297,000. Hsbc Holdings PLC boosted its position in shares of Alexandria Real Estate Equities by 92.9% during the 4th quarter. Hsbc Holdings PLC now owns 1,056,161 shares of the real estate investment trust’s stock valued at $51,666,000 after acquiring an additional 508,578 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of Alexandria Real Estate Equities by 44.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,660 shares of the real estate investment trust’s stock valued at $228,000 after acquiring an additional 1,431 shares in the last quarter. Finally, Corient Private Wealth LLC increased its stake in Alexandria Real Estate Equities by 52.9% in the fourth quarter. Corient Private Wealth LLC now owns 36,557 shares of the real estate investment trust’s stock valued at $1,790,000 after acquiring an additional 12,649 shares during the period. 96.54% of the stock is currently owned by institutional investors.

Alexandria Real Estate Equities Price Performance

NYSE ARE opened at $47.81 on Tuesday. The stock has a 50-day simple moving average of $49.64 and a 200 day simple moving average of $55.19. Alexandria Real Estate Equities has a twelve month low of $41.44 and a twelve month high of $88.24. The stock has a market capitalization of $8.28 billion, a PE ratio of -5.66, a P/E/G ratio of 5.76 and a beta of 1.33. 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 released its earnings results on Monday, January 26th. The real estate investment trust reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $754.41 million for the quarter, compared to analyst estimates of $742.64 million. During the same quarter last year, the firm posted $2.39 EPS. The company’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. Research analysts anticipate that Alexandria Real Estate Equities will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 6.0%. The ex-dividend date was Tuesday, March 31st. Alexandria Real Estate Equities’s payout ratio is currently -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.