Alexandria Real Estate Equities’ (ARE) “Market Perform” Rating Reaffirmed at BMO Capital Markets

BMO Capital Markets restated their market perform rating on shares of Alexandria Real Estate Equities (NYSE:ARE) in a report released on Wednesday morning, Marketbeat Ratings reports. They currently have a $52.00 target price on the real estate investment trust’s stock, down from their prior target price of $65.00.

Several other research analysts have also issued reports on the company. Royal Bank Of Canada reissued a “sector perform” rating and issued a $60.00 target price on shares of Alexandria Real Estate Equities in a research report on Tuesday, February 10th. The Goldman Sachs Group began coverage on Alexandria Real Estate Equities in a research report on Tuesday, February 3rd. They set a “neutral” rating and a $60.00 price target on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 21st. Jefferies Financial Group increased their price objective on Alexandria Real Estate Equities from $47.00 to $57.00 and gave the stock a “hold” rating in a report on Friday, January 30th. Finally, JPMorgan Chase & Co. lowered their price objective on Alexandria Real Estate Equities from $63.00 to $57.00 and set a “neutral” rating for the company in a research report on Tuesday, March 10th. Three equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $64.47.

Alexandria Real Estate Equities Stock Down 0.2%

ARE opened at $47.30 on Wednesday. Alexandria Real Estate Equities has a 12 month low of $44.10 and a 12 month high of $97.67. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.65. The business’s 50-day moving average price is $53.34 and its 200-day moving average price is $59.51. The company has a market cap of $8.20 billion, a P/E ratio of -5.60, a P/E/G ratio of 5.73 and a beta of 1.31.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, January 26th. The real estate investment trust reported $2.16 earnings per share (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 business had revenue of $754.41 million for the quarter, compared to analyst estimates of $742.64 million. During the same period last year, the company earned $2.39 EPS. Alexandria Real Estate Equities’s revenue for the quarter was down 4.4% compared to the same quarter last year. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.250-6.550 EPS. On average, equities analysts expect that Alexandria Real Estate Equities will post 9.32 EPS for the current year.

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

Alexandria Real Estate Equities Announces Dividend

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

Insiders Place Their Bets

In related news, Chairman Joel S. Marcus acquired 25,000 shares of the stock in a transaction 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 completion of the purchase, the chairman owned 562,724 shares of the company’s stock, valued at $30,342,078.08. This represents a 4.65% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.08% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Alexandria Real Estate Equities

A number of institutional investors have recently modified their holdings of ARE. Avalon Trust Co bought a new position in Alexandria Real Estate Equities in the 3rd quarter worth about $29,000. Cornerstone Planning Group LLC increased its stake in Alexandria Real Estate Equities by 5,916.7% during the 3rd quarter. Cornerstone Planning Group LLC now owns 361 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 355 shares in the last quarter. BOKF NA increased its stake 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 valued at $31,000 after purchasing an additional 362 shares in the last quarter. Loomis Sayles & Co. L P purchased a new position in Alexandria Real Estate Equities in the second quarter worth about $27,000. Finally, CYBER HORNET ETFs LLC purchased a new position in Alexandria Real Estate Equities in the second quarter worth about $30,000. 96.54% of the stock is owned by hedge funds and other institutional investors.

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.