Alexandria Real Estate Equities, Inc. (NYSE:ARE) Given Consensus Rating of “Reduce” by Brokerages

Alexandria Real Estate Equities, Inc. (NYSE:ARE) has earned an average rating of “Reduce” from the sixteen analysts that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $52.8462.

A number of research firms have issued reports on ARE. Wall Street Zen downgraded Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. The Goldman Sachs Group reiterated a “neutral” rating and set a $52.00 price target on shares of Alexandria Real Estate Equities in a research note on Tuesday, May 19th. Robert W. Baird lifted their price objective on Alexandria Real Estate Equities from $46.00 to $52.00 and gave the stock a “neutral” rating in a report on Monday, August 24th. Zacks Research raised Alexandria Real Estate Equities from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 19th. Finally, Morgan Stanley restated an “underweight” rating and issued a $53.00 price objective on shares of Alexandria Real Estate Equities in a research note on Thursday, June 11th.

Alexandria Real Estate Equities Stock Down 1.4%

Alexandria Real Estate Equities stock opened at $49.64 on Friday. The firm has a 50 day moving average price of $50.51 and a 200-day moving average price of $49.38. 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 has a twelve month low of $39.41 and a twelve month high of $88.24. The company has a market capitalization of $8.65 billion, a P/E ratio of -8.19 and a beta of 1.15.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, August 3rd. The real estate investment trust reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.52). Alexandria Real Estate Equities had a negative return on equity of 5.21% and a negative net margin of 36.08%.The company had revenue of $662.78 million during the quarter, compared to the consensus estimate of $464.86 million. During the same period last year, the firm posted $2.33 EPS. The company’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. As a group, equities analysts predict that Alexandria Real Estate Equities will post 6.39 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a $0.72 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $2.88 annualized dividend and a dividend yield of 5.8%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently -47.52%.

Insider Activity at Alexandria Real Estate Equities

In related news, CAO Andres Gavinet sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $50.93, for a total transaction of $509,300.00. Following the sale, the chief accounting officer directly owned 102,516 shares in the company, valued at approximately $5,221,139.88. This represents a 8.89% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Joel S. Marcus acquired 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was acquired at an average cost of $46.28 per share, with a total value of $231,400.00. Following the completion of the acquisition, the chairman owned 592,724 shares in the company, valued at $27,431,266.72. This trade represents a 0.85% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 1.35% of the company’s stock.

Institutional Investors Weigh In On Alexandria Real Estate Equities

Several institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new position in Alexandria Real Estate Equities in the 4th quarter worth approximately $805,429,000. Monaco Asset Management SAM purchased a new stake in shares of Alexandria Real Estate Equities during the 4th quarter valued at $6,582,000. Handelsbanken Fonder AB lifted its holdings in shares of Alexandria Real Estate Equities by 58.6% during the 2nd quarter. Handelsbanken Fonder AB now owns 68,500 shares of the real estate investment trust’s stock worth $3,620,000 after acquiring an additional 25,300 shares during the last quarter. Diamond Hill Capital Management Inc. bought a new stake in shares of Alexandria Real Estate Equities during the 4th quarter worth $8,445,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in Alexandria Real Estate Equities by 789.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 51,884 shares of the real estate investment trust’s stock worth $2,539,000 after acquiring an additional 46,052 shares in the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc (NYSE:ARE) is a real estate investment trust that owns, operates and develops collaborative life science, agtech and advanced technology campuses. The company provides specialized laboratory, research and office space designed to support organizations working in biotechnology, pharmaceuticals, medical devices, diagnostics, agriculture and related technology fields.

Founded in 1994, Alexandria focuses on properties located in established innovation clusters, where its campuses bring together research institutions, universities, hospitals, government agencies, start-ups and established companies.