Alexandria Real Estate Equities (NYSE:ARE) Cut to “Sell” at Wall Street Zen

Wall Street Zen downgraded shares of Alexandria Real Estate Equities (NYSE:ARE) from a hold rating to a sell rating in a research note published on Saturday.

ARE has been the topic of several other reports. Royal Bank Of Canada dropped their price objective on shares of Alexandria Real Estate Equities from $60.00 to $50.00 and set a “sector perform” rating on the stock in a research note on Tuesday, May 5th. Morgan Stanley restated an “underweight” rating and issued a $53.00 target price on shares of Alexandria Real Estate Equities in a research note on Thursday, June 11th. Zacks Research lowered shares of Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating in a research note on Friday, July 17th. Cantor Fitzgerald increased their price target on shares of Alexandria Real Estate Equities from $43.00 to $52.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $52.00 price target on shares of Alexandria Real Estate Equities in a report on Tuesday, May 19th. Two analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $52.62.

Alexandria Real Estate Equities Stock Down 2.7%

Alexandria Real Estate Equities stock opened at $48.41 on Friday. The stock has a 50 day moving average of $51.13 and a two-hundred day moving average of $50.07. Alexandria Real Estate Equities has a twelve month low of $39.41 and a twelve month high of $88.24. The stock has a market capitalization of $8.44 billion, a price-to-earnings ratio of -7.99, a PEG ratio of 6.05 and a beta of 1.15. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.67.

Alexandria Real Estate Equities (NYSE:ARE) last released 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). Alexandria Real Estate Equities had a negative net margin of 36.08% and a negative return on equity of 5.21%. The company had revenue of $662.78 million during the quarter, compared to analyst estimates of $464.86 million. During the same period in the previous year, the firm posted $2.33 EPS. The company’s revenue for the quarter was down 13.0% on a year-over-year basis. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. As a group, research analysts expect that Alexandria Real Estate Equities will post 6.37 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a $0.72 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.88 dividend on an annualized basis and a yield of 5.9%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is -47.52%.

Insider Buying and Selling 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 stock was 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 $10,166,256. This trade represents a 1.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.35% of the stock is currently owned by corporate insiders.

Institutional Trading of Alexandria Real Estate Equities

Several large investors have recently bought and sold shares of ARE. BOKF NA raised its stake in shares of 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 worth $31,000 after buying an additional 362 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in Alexandria Real Estate Equities during the second quarter worth about $30,000. CIBC Private Wealth Group LLC lifted its holdings in shares of Alexandria Real Estate Equities by 109.6% in the third quarter. CIBC Private Wealth Group LLC now owns 436 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 228 shares in the last quarter. MUFG Securities EMEA plc purchased a new stake in shares of Alexandria Real Estate Equities in the second quarter valued at about $33,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Alexandria Real Estate Equities in the second quarter valued at approximately $26,000. Institutional investors and hedge funds 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.