Alexandria Real Estate Equities (NYSE:ARE) Rating Increased to Hold at Zacks Research

Alexandria Real Estate Equities (NYSE:ARE) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

ARE has been the subject of a number of other research reports. Citigroup raised their price objective on shares of Alexandria Real Estate Equities from $42.00 to $50.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Cantor Fitzgerald increased their target price on shares of Alexandria Real Estate Equities from $43.00 to $52.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. BNP Paribas Exane raised their price target on shares of Alexandria Real Estate Equities from $45.00 to $48.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 5th. Evercore reaffirmed an “outperform” rating and issued a $57.00 price target on shares of Alexandria Real Estate Equities in a report on Monday. Finally, Citizens Jmp reiterated a “market perform” rating on shares of Alexandria Real Estate Equities in a research note on Monday. Two investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and an average target price of $52.38.

Alexandria Real Estate Equities Price Performance

Alexandria Real Estate Equities stock opened at $53.03 on Wednesday. Alexandria Real Estate Equities has a 52 week low of $39.41 and a 52 week high of $88.24. The company’s 50 day moving average price is $50.57 and its two-hundred day moving average price is $49.60. The stock has a market cap of $9.24 billion, a P/E ratio of -8.75 and a beta of 1.15. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.67.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported ($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.52). Alexandria Real Estate Equities had a negative net margin of 36.08% and a negative return on equity of 5.21%. The business had revenue of $662.78 million during the quarter, compared to the consensus estimate of $464.86 million. During the same quarter last year, the company earned $2.33 EPS. The firm’s revenue for the quarter was down 13.0% compared to the same quarter last year. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. On average, equities analysts predict that Alexandria Real Estate Equities will post 6.38 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Marc E. Binda sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $54.00, for a total value of $108,000.00. Following the completion of the transaction, the chief financial officer directly owned 188,264 shares of the company’s stock, valued at approximately $10,166,256. This trade represents a 1.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Joel S. Marcus acquired 5,000 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Monday, August 17th. The stock was acquired at an average price of $46.28 per share, with a total value of $231,400.00. Following the completion of the purchase, the chairman directly owned 592,724 shares in the company, valued at $27,431,266.72. This represents a 0.85% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 1.35% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ARE. FNY Investment Advisers LLC bought a new position in shares of Alexandria Real Estate Equities in the second quarter valued at approximately $26,000. First Bancorp Inc ME bought a new stake in Alexandria Real Estate Equities during the 2nd quarter worth approximately $26,000. Basecamp Wealth Advisors LLC increased its holdings in Alexandria Real Estate Equities by 3,723.5% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 650 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 633 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in Alexandria Real Estate Equities in the 2nd quarter worth approximately $30,000. Finally, BOKF NA lifted its stake in Alexandria Real Estate Equities by 6,033.3% in the 3rd quarter. BOKF NA now owns 368 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 362 shares in the last quarter. 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.