Alexandria Real Estate Equities (NYSE:ARE) Given New $57.00 Price Target at JPMorgan Chase & Co.

Alexandria Real Estate Equities (NYSE:ARE) had its price target reduced by JPMorgan Chase & Co. from $63.00 to $57.00 in a report released on Tuesday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the real estate investment trust’s stock.

Several other research analysts also recently commented on ARE. Citigroup reduced their target price on Alexandria Real Estate Equities from $61.00 to $52.00 and set a “neutral” rating for the company in a research note on Thursday, December 4th. Morgan Stanley dropped their price target on Alexandria Real Estate Equities from $55.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Monday, February 9th. Jefferies Financial Group raised their price target on Alexandria Real Estate Equities from $47.00 to $57.00 and gave the company a “hold” rating in a report on Friday, January 30th. The Goldman Sachs Group initiated coverage on shares of Alexandria Real Estate Equities in a research report on Tuesday, February 3rd. They set a “neutral” rating and a $60.00 price objective for the company. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $60.00 price objective on shares of Alexandria Real Estate Equities in a report on Tuesday, February 10th. Four equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $65.33.

Alexandria Real Estate Equities Stock Down 0.3%

Shares of ARE stock opened at $51.01 on Tuesday. Alexandria Real Estate Equities has a 52-week low of $44.10 and a 52-week high of $102.73. The stock has a market cap of $8.84 billion, a price-to-earnings ratio of -6.04, a PEG ratio of 6.20 and a beta of 1.31. The firm’s 50-day moving average is $54.11 and its 200-day moving average is $61.94. 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 posted its quarterly earnings results on Monday, January 26th. The real estate investment trust reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.01. The business had revenue of $754.41 million during the quarter, compared to analysts’ expectations 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%.Alexandria Real Estate Equities’s quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter last year, the company posted $2.39 earnings per share. 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 year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently declared 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 annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend 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 share buyback program on Monday, December 8th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the real estate investment trust to reacquire up to 6.4% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Insider Activity at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus purchased 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The shares were acquired at an average cost of $53.92 per share, for a total transaction of $1,348,000.00. Following the completion of the purchase, the chairman owned 562,724 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.15% of the company’s stock.

Institutional Trading of Alexandria Real Estate Equities

A number of institutional investors have recently bought and sold shares of the business. Norges Bank bought a new position in shares of Alexandria Real Estate Equities during the second quarter worth approximately $1,195,306,000. Invesco Ltd. boosted its stake in shares of Alexandria Real Estate Equities by 57.9% in the fourth quarter. Invesco Ltd. now owns 6,033,304 shares of the real estate investment trust’s stock valued at $295,270,000 after buying an additional 2,211,424 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Alexandria Real Estate Equities by 1,022.1% during the third 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 buying an additional 1,652,298 shares in the last quarter. Freestone Grove Partners LP acquired a new stake in Alexandria Real Estate Equities during the fourth quarter worth approximately $72,144,000. Finally, Goldman Sachs Group Inc. increased its stake in Alexandria Real Estate Equities by 52.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,582,387 shares of the real estate investment trust’s stock worth $175,322,000 after acquiring an additional 1,236,781 shares during the period. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Company Profile

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.