Alexandria Real Estate Equities (NYSE:ARE) Receives “Sector Perform” Rating from Royal Bank Of Canada

Alexandria Real Estate Equities (NYSE:ARE)‘s stock had its “sector perform” rating reissued by investment analysts at Royal Bank Of Canada in a note issued to investors on Tuesday,Benzinga reports. They currently have a $60.00 price target on the real estate investment trust’s stock. Royal Bank Of Canada’s price target points to a potential upside of 6.27% from the company’s current price.

A number of other research analysts have also weighed in on ARE. Citigroup decreased their target price on Alexandria Real Estate Equities from $61.00 to $52.00 and set a “neutral” rating on the stock in a report on Thursday, December 4th. The Goldman Sachs Group initiated coverage on shares of Alexandria Real Estate Equities in a research note on Tuesday, February 3rd. They issued a “neutral” rating and a $60.00 price target on the stock. Robert W. Baird reduced their price objective on Alexandria Real Estate Equities from $73.00 to $67.00 and set an “outperform” rating for the company in a report on Thursday, December 4th. Cantor Fitzgerald boosted their price objective on shares of Alexandria Real Estate Equities from $46.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Finally, BNP Paribas Exane lowered their price objective on shares of Alexandria Real Estate Equities from $72.00 to $50.00 and set an “underperform” rating for the company in a research report on Thursday, December 4th. Five research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Alexandria Real Estate Equities has a consensus rating of “Hold” and a consensus price target of $65.73.

Alexandria Real Estate Equities Price Performance

Shares of ARE stock traded up $0.26 during mid-day trading on Tuesday, reaching $56.46. The company’s stock had a trading volume of 274,216 shares, compared to its average volume of 2,644,813. The company has a market cap of $9.78 billion, a P/E ratio of -6.68, a PEG ratio of 6.76 and a beta of 1.31. The firm’s 50-day moving average is $51.86 and its two-hundred day moving average is $65.43. Alexandria Real Estate Equities has a 1-year low of $44.10 and a 1-year high of $105.14. 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 data 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. The firm had revenue of $754.41 million for 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 business’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.39 EPS. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.250-6.550 EPS. On average, research analysts predict that Alexandria Real Estate Equities will post 9.32 earnings per share for the current year.

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

Insider Activity at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, Director Sheila K. Mcgrath acquired 3,100 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Wednesday, December 10th. The shares were bought at an average price of $45.60 per share, with a total value of $141,360.00. Following the completion of the purchase, the director directly owned 8,392 shares in the company, valued at $382,675.20. This trade represents a 58.58% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.15% of the company’s stock.

Hedge Funds Weigh In On Alexandria Real Estate Equities

A number of hedge funds have recently made changes to their positions in ARE. IFM Investors Pty Ltd boosted its stake in shares of Alexandria Real Estate Equities by 0.3% in the 3rd quarter. IFM Investors Pty Ltd now owns 58,544 shares of the real estate investment trust’s stock valued at $4,909,000 after purchasing an additional 150 shares during the last quarter. Kaufman Rossin Wealth LLC boosted its position in Alexandria Real Estate Equities by 6.3% during the third quarter. Kaufman Rossin Wealth LLC now owns 2,954 shares of the real estate investment trust’s stock valued at $246,000 after acquiring an additional 174 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Alexandria Real Estate Equities by 18.1% during the 4th quarter. Farther Finance Advisors LLC now owns 1,228 shares of the real estate investment trust’s stock worth $60,000 after acquiring an additional 188 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Alexandria Real Estate Equities by 0.9% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,443 shares of the real estate investment trust’s stock valued at $1,711,000 after purchasing an additional 198 shares during the period. Finally, Zions Bancorporation National Association UT boosted its position in shares of Alexandria Real Estate Equities by 0.4% during the 2nd quarter. Zions Bancorporation National Association UT now owns 55,580 shares of the real estate investment trust’s stock valued at $4,037,000 after purchasing an additional 202 shares in the last quarter. 96.54% of the stock is currently owned by 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.