Analysts Set Alexandria Real Estate Equities, Inc. (NYSE:ARE) Target Price at $65.73

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) have been assigned an average rating of “Hold” from the seventeen analysts that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $65.7333.

Several research analysts recently commented on the company. Robert W. Baird dropped their price target on Alexandria Real Estate Equities from $73.00 to $67.00 and set an “outperform” rating for the company in a research report on Thursday, December 4th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $60.00 price objective on shares of Alexandria Real Estate Equities in a research note on Tuesday, February 10th. BNP Paribas Exane dropped their target price on Alexandria Real Estate Equities from $72.00 to $50.00 and set an “underperform” rating for the company in a report on Thursday, December 4th. Evercore increased their price target on Alexandria Real Estate Equities from $64.00 to $67.00 and gave the company an “outperform” rating in a report on Wednesday, January 28th. Finally, Citizens Jmp downgraded Alexandria Real Estate Equities from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 13th.

Alexandria Real Estate Equities Trading Up 0.7%

ARE stock opened at $54.11 on Monday. The firm has a fifty day moving average price of $53.43 and a 200 day moving average price of $63.53. Alexandria Real Estate Equities has a fifty-two week low of $44.10 and a fifty-two week high of $105.14. The firm has a market cap of $9.38 billion, a PE ratio of -6.41, a price-to-earnings-growth ratio of 6.52 and a beta of 1.31. 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 quarterly earnings data on Monday, January 26th. The real estate investment trust reported $2.16 EPS for the quarter, beating the consensus estimate of $2.15 by $0.01. Alexandria Real Estate Equities had a negative net margin of 47.23% and a negative return on equity of 6.82%. The business had revenue of $754.41 million during the quarter, compared to analyst estimates of $742.64 million. During the same quarter last year, the business earned $2.39 earnings per share. Alexandria Real Estate Equities’s quarterly revenue 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. Sell-side analysts anticipate that Alexandria Real Estate Equities will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities declared that its Board of Directors has approved a stock repurchase plan on Monday, December 8th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to purchase up to 6.4% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Alexandria Real Estate Equities Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a dividend of $0.72 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.88 dividend on an annualized basis and a dividend yield of 5.3%. Alexandria Real Estate Equities’s payout ratio is currently -34.12%.

Insider Transactions at Alexandria Real Estate Equities

In other news, Director Sheila K. Mcgrath acquired 3,100 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was acquired 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 approximately $382,675.20. This trade represents a 58.58% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Joel S. Marcus bought 25,000 shares of the business’s stock in a transaction dated 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 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. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.08% of the company’s stock.

Institutional Trading of Alexandria Real Estate Equities

A number of large investors have recently made changes to their positions in the stock. Loomis Sayles & Co. L P purchased a new position in Alexandria Real Estate Equities in the 2nd quarter worth about $27,000. Avalon Trust Co purchased a new position in shares of Alexandria Real Estate Equities during the third quarter worth approximately $29,000. Cornerstone Planning Group LLC raised its stake in shares of Alexandria Real Estate Equities by 5,916.7% during the third quarter. Cornerstone Planning Group LLC now owns 361 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 355 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of Alexandria Real Estate Equities during the second quarter valued at approximately $30,000. Finally, BOKF NA boosted its holdings in shares of Alexandria Real Estate Equities by 6,033.3% in the third 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 during the period. 96.54% of the stock is owned by hedge funds and other institutional investors.

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.