BMO Capital Markets Cuts Alexandria Real Estate Equities (NYSE:ARE) Price Target to $48.00

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

Several other equities analysts have also issued reports on ARE. Zacks Research raised Alexandria Real Estate Equities from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 19th. Morgan Stanley reissued an “underweight” rating and issued a $53.00 target price on shares of Alexandria Real Estate Equities in a report on Thursday, June 11th. Robert W. Baird upped their target price on Alexandria Real Estate Equities from $46.00 to $52.00 and gave the company a “neutral” rating in a research report on Monday, August 24th. Mizuho dropped their price target on Alexandria Real Estate Equities from $70.00 to $60.00 and set an “outperform” rating on the stock in a research note on Monday, July 6th. Finally, Citigroup raised their price target on Alexandria Real Estate Equities from $42.00 to $50.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. Two analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $52.31.

Alexandria Real Estate Equities Stock Down 1.9%

Shares of NYSE:ARE opened at $47.57 on Monday. The company has a market capitalization of $8.29 billion, a PE ratio of -7.85 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 has a twelve month low of $39.41 and a twelve month high of $85.37. The firm has a 50 day simple moving average of $51.15 and a 200-day simple moving average of $49.31.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, August 3rd. The real estate investment trust reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate 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 quarter in the previous year, the company posted $2.33 EPS. The company’s quarterly revenue 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. On average, equities analysts predict that Alexandria Real Estate Equities will post 6.39 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Wednesday, September 30th. This represents a $2.88 dividend on an annualized basis and a yield of 6.1%. Alexandria Real Estate Equities’s payout ratio is currently -47.52%.

Insider Activity

In related news, EVP Kristina Fukuzaki-Carlson sold 16,810 shares of the firm’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $50.51, for a total transaction of $849,073.10. Following the transaction, the executive vice president owned 39,152 shares of the company’s stock, valued at $1,977,567.52. This trade represents a 30.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Andres Gavinet sold 10,000 shares of the business’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $50.93, for a total value of $509,300.00. Following the completion of the transaction, the chief accounting officer owned 102,516 shares in the company, valued at $5,221,139.88. This trade represents a 8.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.35% of the company’s stock.

Institutional Trading of Alexandria Real Estate Equities

A number of hedge funds have recently added to or reduced their stakes in ARE. Monaco Asset Management SAM acquired a new position in Alexandria Real Estate Equities during the fourth quarter worth $6,582,000. Handelsbanken Fonder AB raised its position in Alexandria Real Estate Equities by 58.6% in the second 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 in the last quarter. Perigon Wealth Management LLC acquired a new stake in Alexandria Real Estate Equities in the second quarter valued at $1,155,000. Hsbc Holdings PLC lifted its holdings in Alexandria Real Estate Equities by 15.2% in the second quarter. Hsbc Holdings PLC now owns 1,208,572 shares of the real estate investment trust’s stock valued at $64,485,000 after acquiring an additional 159,552 shares during the period. Finally, Lasalle Investment Management Securities LLC boosted its position in shares of Alexandria Real Estate Equities by 43.4% during the 4th quarter. Lasalle Investment Management Securities LLC now owns 1,703,228 shares of the real estate investment trust’s stock worth $83,356,000 after purchasing an additional 515,649 shares in the last quarter. 96.54% of the stock is owned by institutional investors and hedge funds.

About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc (NYSE:ARE) is a real estate investment trust focused on owning, operating and developing collaborative life science, agtech and advanced technology campuses. The company provides specialized laboratory, research and office space for organizations involved in biotechnology, pharmaceuticals, medical devices, diagnostics, healthcare and related fields.

Alexandria’s properties are designed to support innovation through purpose-built facilities, shared amenities and environments that encourage collaboration among companies, academic institutions, medical centers and research organizations.