Alexandria Real Estate Equities, Inc. (NYSE:ARE) Receives $51.62 Consensus Target Price from Analysts

Alexandria Real Estate Equities, Inc. (NYSE:ARE) has earned an average rating of “Hold” from the sixteen ratings firms that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $51.8462.

A number of research firms recently weighed in on ARE. Robert W. Baird reaffirmed a “neutral” rating and issued a $46.00 price objective (down from $67.00) on shares of Alexandria Real Estate Equities in a report on Monday, May 4th. The Goldman Sachs Group reissued a “neutral” rating and issued a $52.00 price objective on shares of Alexandria Real Estate Equities in a research note on Tuesday, May 19th. BNP Paribas Exane boosted their target price on shares of Alexandria Real Estate Equities from $44.00 to $45.00 and gave the stock an “underperform” rating in a report on Wednesday. Citigroup reaffirmed an “outperform” rating on shares of Alexandria Real Estate Equities in a research report on Monday, May 4th. Finally, Morgan Stanley restated an “underweight” rating and issued a $53.00 price target on shares of Alexandria Real Estate Equities in a research report on Thursday, June 11th.

Insider Activity at Alexandria Real Estate Equities

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 transaction of $108,000.00. Following the transaction, the chief financial officer owned 188,264 shares of the company’s stock, valued at approximately $10,166,256. This trade represents a 1.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Gregory Calvin Thomas purchased 3,500 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were acquired at an average price of $41.00 per share, for a total transaction of $143,500.00. Following the acquisition, the executive vice president directly owned 33,024 shares in the company, valued at $1,353,984. This represents a 11.85% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 1.35% of the company’s stock.

Institutional Investors Weigh In On Alexandria Real Estate Equities

Several institutional investors and hedge funds have recently added to or reduced their stakes in ARE. Norges Bank acquired a new stake in shares of Alexandria Real Estate Equities in the fourth quarter worth $805,429,000. State Street Corp lifted its stake in shares of Alexandria Real Estate Equities by 0.7% in the fourth quarter. State Street Corp now owns 11,348,192 shares of the real estate investment trust’s stock valued at $563,418,000 after buying an additional 75,161 shares during the period. Invesco Ltd. lifted its position in shares of Alexandria Real Estate Equities by 57.9% in the 4th quarter. Invesco Ltd. now owns 6,033,304 shares of the real estate investment trust’s stock worth $295,270,000 after acquiring an additional 2,211,424 shares during the period. Geode Capital Management LLC lifted its position in Alexandria Real Estate Equities by 1.1% in the fourth 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. Finally, Capital World Investors lifted its holdings 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 acquiring an additional 29,575 shares during the period. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Stock Down 0.9%

ARE stock opened at $52.54 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.20 and a quick ratio of 0.20. Alexandria Real Estate Equities has a 1-year low of $39.41 and a 1-year high of $88.24. The firm has a fifty day moving average price of $49.08 and a two-hundred day moving average price of $50.27. The firm has a market cap of $9.16 billion, a price-to-earnings ratio of -8.38, a PEG ratio of 6.42 and a beta of 1.17.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, April 27th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.73. Alexandria Real Estate Equities had a negative net margin of 36.03% and a negative return on equity of 5.21%. The firm had revenue of $671.02 million for the quarter, compared to analysts’ expectations of $684.78 million. During the same quarter last year, the company posted $2.30 earnings per share. Alexandria Real Estate Equities’s revenue was down 11.5% on a year-over-year basis. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.300-6.500 EPS. Research analysts predict that Alexandria Real Estate Equities will post 6.4 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend is Tuesday, June 30th. Alexandria Real Estate Equities’s dividend payout ratio is -45.93%.

Alexandria Real Estate Equities Company Profile

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.