Alexandria Real Estate Equities’ (ARE) Sector Perform Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reissued their sector perform rating on shares of Alexandria Real Estate Equities (NYSE:ARE) in a research report report published on Tuesday morning,Benzinga reports. They currently have a $60.00 price objective on the real estate investment trust’s stock.

A number of other equities research analysts also recently weighed in on ARE. JPMorgan Chase & Co. lowered their target price on shares of Alexandria Real Estate Equities from $65.00 to $63.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 14th. Evercore increased their price target on shares of Alexandria Real Estate Equities from $64.00 to $67.00 and gave the stock an “outperform” rating in a report on Wednesday, January 28th. The Goldman Sachs Group started coverage on shares of Alexandria Real Estate Equities in a research report on Tuesday, February 3rd. They set a “neutral” rating and a $60.00 price objective on the stock. Zacks Research upgraded shares of Alexandria Real Estate Equities from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 29th. Finally, Jefferies Financial Group increased their target price on Alexandria Real Estate Equities from $47.00 to $57.00 and gave the company a “hold” rating in a research note on Friday, January 30th. Five analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Alexandria Real Estate Equities has a consensus rating of “Hold” and a consensus price target of $65.73.

Alexandria Real Estate Equities Price Performance

ARE stock opened at $50.47 on Tuesday. The firm has a 50 day moving average of $52.11 and a 200-day moving average of $65.07. The firm has a market capitalization of $8.75 billion, a P/E ratio of -5.98, a price-to-earnings-growth ratio of 6.50 and a beta of 1.31. Alexandria Real Estate Equities has a 12 month low of $44.10 and a 12 month high of $105.14. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.65.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Monday, January 26th. The real estate investment trust reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.01. The business had revenue of $754.41 million for the quarter, compared to analysts’ expectations of $742.64 million. Alexandria Real Estate Equities had a negative net margin of 47.23% and a negative return on equity of 6.82%. The business’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.39 EPS. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, sell-side analysts predict that Alexandria Real Estate Equities will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities declared that its board has approved a stock buyback program on Monday, December 8th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to buy up to 6.4% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Alexandria Real Estate Equities Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend was Wednesday, December 31st. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is -34.12%.

Insider Buying and Selling at Alexandria Real Estate Equities

In related news, Director Sheila K. Mcgrath bought 3,100 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The stock was bought at an average cost of $45.60 per share, for a total transaction of $141,360.00. Following the acquisition, the director directly owned 8,392 shares of the company’s stock, valued at $382,675.20. The trade was a 58.58% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.08% of the company’s stock.

Institutional Trading of Alexandria Real Estate Equities

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Analyst IMS Investment Management Services Ltd. lifted its stake in shares of Alexandria Real Estate Equities by 48.3% in the 2nd quarter. Analyst IMS Investment Management Services Ltd. now owns 721,671 shares of the real estate investment trust’s stock worth $52,415,000 after purchasing an additional 235,093 shares during the period. Bank of Montreal Can grew its position in Alexandria Real Estate Equities by 10.7% during the second quarter. Bank of Montreal Can now owns 406,318 shares of the real estate investment trust’s stock valued at $29,511,000 after buying an additional 39,117 shares during the period. Washburn Capital Management Inc. purchased a new stake in Alexandria Real Estate Equities during the second quarter valued at approximately $949,000. Penserra Capital Management LLC raised its position in Alexandria Real Estate Equities by 46.3% in the second quarter. Penserra Capital Management LLC now owns 18,927 shares of the real estate investment trust’s stock worth $1,374,000 after acquiring an additional 5,994 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in Alexandria Real Estate Equities by 114.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 757,533 shares of the real estate investment trust’s stock worth $55,020,000 after acquiring an additional 404,938 shares during the period. 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.