Brokerages Set Alexandria Real Estate Equities, Inc. (NYSE:ARE) PT at $51.08

Alexandria Real Estate Equities, Inc. (NYSE:ARE) has been assigned an average recommendation of “Reduce” from the sixteen research firms that are covering the company, Marketbeat reports. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $51.0769.

ARE has been the topic of several research reports. The Goldman Sachs Group restated a “neutral” rating and issued a $52.00 price target on shares of Alexandria Real Estate Equities in a research note on Tuesday, May 19th. Jefferies Financial Group reduced their target price on Alexandria Real Estate Equities from $57.00 to $47.00 and set a “hold” rating on the stock in a report on Tuesday, April 14th. Mizuho decreased their price target on Alexandria Real Estate Equities from $70.00 to $60.00 and set an “outperform” rating on the stock in a research note on Monday, July 6th. Zacks Research lowered Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating in a research note on Friday, July 17th. Finally, Royal Bank Of Canada decreased their target price on Alexandria Real Estate Equities from $60.00 to $50.00 and set a “sector perform” rating on the stock in a research report on Tuesday, May 5th.

Insider Buying and Selling

In related news, Chairman Joel S. Marcus bought 7,500 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were purchased at an average price of $42.72 per share, with a total value of $320,400.00. Following the completion of the purchase, the chairman owned 587,724 shares in the company, valued at $25,107,569.28. This represents a 1.29% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, 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 transaction, the chief financial officer owned 188,264 shares of the company’s stock, valued at $10,166,256. This trade represents a 1.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.35% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Alexandria Real Estate Equities

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Alexandria Real Estate Equities in the fourth quarter valued at approximately $805,429,000. Sumitomo Mitsui Trust Group Inc. boosted its position in Alexandria Real Estate Equities by 21.8% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,415,876 shares of the real estate investment trust’s stock worth $69,293,000 after buying an additional 253,402 shares during the period. Monaco Asset Management SAM acquired a new stake in Alexandria Real Estate Equities during the 4th quarter worth approximately $6,582,000. Thompson Investment Management Inc. grew its holdings in Alexandria Real Estate Equities by 53.0% during the 4th quarter. Thompson Investment Management Inc. now owns 172,094 shares of the real estate investment trust’s stock worth $8,422,000 after acquiring an additional 59,613 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in Alexandria Real Estate Equities by 708.2% during the 4th quarter. SG Americas Securities LLC now owns 155,420 shares of the real estate investment trust’s stock worth $7,606,000 after acquiring an additional 136,190 shares during the last quarter. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Price Performance

NYSE:ARE opened at $50.98 on Thursday. Alexandria Real Estate Equities has a one year low of $39.41 and a one year high of $88.24. The company has a market cap of $8.88 billion, a P/E ratio of -8.13, a P/E/G ratio of 6.21 and a beta of 1.17. The firm’s fifty day moving average price is $50.51 and its two-hundred day moving average price is $50.38. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.20 and a quick ratio of 0.20.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.73. The firm had revenue of $671.02 million during the quarter, compared to the consensus estimate of $684.78 million. Alexandria Real Estate Equities had a negative net margin of 36.03% and a negative return on equity of 5.21%. The business’s revenue for the quarter was down 11.5% compared to the same quarter last year. During the same period last year, the business posted $2.30 earnings per share. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.300-6.500 EPS. Equities analysts expect that Alexandria Real Estate Equities will post 6.36 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a dividend of $0.72 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.88 annualized dividend and a dividend yield of 5.6%. Alexandria Real Estate Equities’s payout ratio is -45.93%.

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.