Alexandria Real Estate Equities (NYSE:ARE) Sets New 1-Year Low – Here’s What Happened

Alexandria Real Estate Equities, Inc. (NYSE:ARE)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $44.10 and last traded at $43.7610, with a volume of 2096276 shares traded. The stock had previously closed at $46.42.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ARE. JPMorgan Chase & Co. decreased their price objective on Alexandria Real Estate Equities from $63.00 to $57.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 10th. Weiss Ratings reissued a “sell (d)” rating on shares of Alexandria Real Estate Equities in a report on Wednesday, January 21st. Jefferies Financial Group boosted 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. Deutsche Bank Aktiengesellschaft increased their price target on shares of Alexandria Real Estate Equities from $53.00 to $55.00 and gave the stock a “hold” rating in a report on Monday, February 2nd. Finally, Zacks Research upgraded shares of Alexandria Real Estate Equities from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 29th. Three investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Alexandria Real Estate Equities presently has a consensus rating of “Hold” and an average price target of $64.47.

Alexandria Real Estate Equities Price Performance

The stock has a market capitalization of $7.57 billion, a PE ratio of -5.17, a P/E/G ratio of 5.60 and a beta of 1.31. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.23 and a quick ratio of 0.23. The firm’s 50 day simple moving average is $52.45 and its 200 day simple moving average is $58.26.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, January 26th. The real estate investment trust reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $754.41 million during the quarter, compared to analysts’ expectations of $742.64 million. During the same quarter in the prior year, the company earned $2.39 EPS. The firm’s revenue was down 4.4% on a year-over-year basis. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, equities analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The business also recently announced 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. The ex-dividend date is Tuesday, March 31st. This represents a $2.88 annualized dividend and a yield of 6.6%. Alexandria Real Estate Equities’s dividend payout ratio is currently -34.12%.

Alexandria Real Estate Equities declared that its board has initiated a stock repurchase program on Monday, December 8th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to purchase up to 6.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity

In other news, Chairman Joel S. Marcus bought 25,000 shares of the business’s stock in a transaction dated Thursday, February 12th. The shares were purchased at an average price of $53.92 per share, for a total transaction of $1,348,000.00. Following the completion of the acquisition, the chairman owned 562,724 shares of the company’s stock, valued at approximately $30,342,078.08. This trade represents a 4.65% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.15% of the company’s stock.

Institutional Investors Weigh In On Alexandria Real Estate Equities

Several institutional investors have recently added to or reduced their stakes in ARE. Avalon Trust Co purchased a new position in shares of Alexandria Real Estate Equities in the third quarter valued at about $29,000. Cornerstone Planning Group LLC increased its holdings 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 during the period. BOKF NA increased its holdings 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 during the period. Loomis Sayles & Co. L P bought a new position in Alexandria Real Estate Equities during the 2nd quarter valued at approximately $27,000. Finally, CYBER HORNET ETFs LLC purchased a new stake in Alexandria Real Estate Equities in the 2nd quarter worth approximately $30,000. Hedge funds and other institutional investors own 96.54% of the company’s stock.

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.