Brokerages Set Alexandria Real Estate Equities, Inc. (NYSE:ARE) PT at $51.23

Alexandria Real Estate Equities, Inc. (NYSE:ARE) has been given an average recommendation of “Hold” by the sixteen research firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $51.4615.

A number of equities research analysts have weighed in on ARE shares. Evercore lifted their target price on Alexandria Real Estate Equities from $55.00 to $58.00 and gave the company an “outperform” rating in a research report on Monday. JPMorgan Chase & Co. cut their price target on Alexandria Real Estate Equities from $63.00 to $57.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 10th. The Goldman Sachs Group restated a “neutral” rating and issued a $52.00 price objective on shares of Alexandria Real Estate Equities in a report on Tuesday, May 19th. Citigroup reaffirmed an “outperform” rating on shares of Alexandria Real Estate Equities in a research note on Monday, May 4th. Finally, Morgan Stanley dropped their target price on shares of Alexandria Real Estate Equities from $54.00 to $53.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 26th.

Alexandria Real Estate Equities Trading Up 5.3%

Shares of ARE opened at $52.93 on Wednesday. The firm has a market capitalization of $9.22 billion, a price-to-earnings ratio of -8.44, a PEG ratio of 6.09 and a beta of 1.19. 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 company has a 50-day moving average of $46.69 and a 200 day moving average of $49.93.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, April 27th. The real estate investment trust reported $1.73 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 business had revenue of $671.02 million for the quarter, compared to analyst estimates of $684.78 million. During the same period last year, the company posted $2.30 earnings per share. The company’s quarterly revenue was down 11.5% compared to the same quarter last year. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.300-6.500 EPS. On average, research analysts expect that Alexandria Real Estate Equities will post 6.4 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Tuesday, June 30th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently -45.93%.

Insiders Place Their Bets

In other Alexandria Real Estate Equities news, EVP Hallie E. Kuhn sold 536 shares of the company’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $48.20, for a total transaction of $25,835.20. Following the completion of the sale, the executive vice president owned 48,301 shares in the company, valued at $2,328,108.20. This represents a 1.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 stock was bought at an average price of $41.00 per share, for a total transaction of $143,500.00. Following the completion of the acquisition, the executive vice president directly owned 33,024 shares in the company, valued at approximately $1,353,984. This trade represents a 11.85% increase in their position. The SEC filing for this purchase provides additional information. 1.35% of the stock is owned by company insiders.

Hedge Funds Weigh In On Alexandria Real Estate Equities

A number of large investors have recently added to or reduced their stakes in ARE. Pine Valley Investments Ltd Liability Co bought a new stake in shares of Alexandria Real Estate Equities in the 1st quarter valued at about $257,000. NewEdge Advisors LLC lifted its position in Alexandria Real Estate Equities by 6,842.9% during the first quarter. NewEdge Advisors LLC now owns 5,346 shares of the real estate investment trust’s stock valued at $248,000 after acquiring an additional 5,269 shares during the last quarter. Glenmede Trust Co. NA purchased a new stake in Alexandria Real Estate Equities during the first quarter valued at approximately $335,000. Orographic Financial Advisors LLC acquired a new stake in Alexandria Real Estate Equities in the first quarter valued at approximately $307,000. Finally, Bank of America Corp DE boosted its stake in Alexandria Real Estate Equities by 55.0% in the first quarter. Bank of America Corp DE now owns 846,385 shares of the real estate investment trust’s stock valued at $39,289,000 after acquiring an additional 300,201 shares in the last quarter. 96.54% of the stock is currently owned by institutional investors.

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.