Alexandria Real Estate Equities (NYSE:ARE) Stock Price Target Lowered at BMO Capital Markets

Alexandria Real Estate Equities (NYSE:ARE) had its price target decreased by BMO Capital Markets from $52.00 to $48.00 in a research note published on Monday morning. BMO Capital Markets currently has a market perform rating on the real estate investment trust’s stock.

ARE has been the subject of several other reports. Citigroup increased their price objective on Alexandria Real Estate Equities from $42.00 to $50.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alexandria Real Estate Equities in a report on Friday, July 17th. Wall Street Zen downgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. BNP Paribas Exane increased 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. Finally, Mizuho lowered their price objective on shares of Alexandria Real Estate Equities from $70.00 to $60.00 and set an “outperform” rating on the stock in a research report on Monday, July 6th. Two investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $52.92.

Alexandria Real Estate Equities Stock Down 2.7%

Alexandria Real Estate Equities stock opened at $48.58 on Monday. Alexandria Real Estate Equities has a fifty-two week low of $39.41 and a fifty-two week high of $85.37. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.19 and a current ratio of 0.19. The company has a market capitalization of $8.47 billion, a P/E ratio of -8.02 and a beta of 1.15. The stock has a 50-day simple moving average of $51.24 and a 200-day simple moving average of $49.34.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results 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). The firm had revenue of $662.78 million during the quarter, compared to analyst estimates of $464.86 million. Alexandria Real Estate Equities had a negative net margin of 36.08% and a negative return on equity of 5.21%. The firm’s revenue for the quarter was down 13.0% compared to the same quarter last year. During the same period last year, the company earned $2.33 earnings per share. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. Equities research analysts expect that Alexandria Real Estate Equities will post 6.39 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 5.9%. The ex-dividend date is Wednesday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is -47.52%.

Insider Activity

In other news, CAO Andres Gavinet sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $50.93, for a total transaction of $509,300.00. Following the completion of the sale, the chief accounting officer owned 102,516 shares in the company, valued at $5,221,139.88. This represents a 8.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Joel S. Marcus purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The shares were bought at an average cost of $49.68 per share, with a total value of $248,400.00. Following the completion of the acquisition, the chairman owned 597,724 shares of the company’s stock, valued at approximately $29,694,928.32. This trade represents a 0.84% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 1.35% of the company’s stock.

Institutional Trading of Alexandria Real Estate Equities

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in Alexandria Real Estate Equities in the second quarter valued at $1,146,423,000. Geode Capital Management LLC grew its stake in shares of Alexandria Real Estate Equities by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 4,459,453 shares of the real estate investment trust’s stock worth $217,466,000 after purchasing an additional 48,490 shares during the period. Capital World Investors grew its stake in shares of Alexandria Real Estate Equities by 0.8% during the 4th quarter. Capital World Investors now owns 3,720,956 shares of the real estate investment trust’s stock worth $182,104,000 after purchasing an additional 29,575 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Alexandria Real Estate Equities by 52.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,582,387 shares of the real estate investment trust’s stock valued at $175,322,000 after purchasing an additional 1,236,781 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Alexandria Real Estate Equities by 2.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,297,222 shares of the real estate investment trust’s stock valued at $106,638,000 after purchasing an additional 52,733 shares in the last quarter. Institutional investors and hedge funds 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.