Alexandria Real Estate Equities (NYSE:ARE) Shares Up 6.2% on Analyst Upgrade

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) shot up 6.2% on Tuesday after Evercore raised their price target on the stock from $55.00 to $58.00. Evercore currently has an outperform rating on the stock. Alexandria Real Estate Equities traded as high as $53.31 and last traded at $53.38. 1,157,285 shares traded hands during mid-day trading, a decline of 52% from the average session volume of 2,430,018 shares. The stock had previously closed at $50.26.

A number of other research analysts have also commented on ARE. Cantor Fitzgerald lowered their price objective on Alexandria Real Estate Equities from $60.00 to $43.00 and set a “neutral” rating on the stock in a report on Wednesday, April 29th. BMO Capital Markets reaffirmed a “market perform” rating and set a $52.00 target price (down from $65.00) on shares of Alexandria Real Estate Equities in a research report on Wednesday, March 25th. BNP Paribas Exane decreased their target price on Alexandria Real Estate Equities from $50.00 to $44.00 and set an “underperform” rating for the company in a research report on Tuesday, April 28th. Robert W. Baird reaffirmed a “neutral” rating and issued a $46.00 target price (down from $67.00) on shares of Alexandria Real Estate Equities in a report on Monday, May 4th. Finally, Wall Street Zen raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $51.46.

Insider Activity at Alexandria Real Estate Equities

In related news, EVP Gregory Calvin Thomas bought 3,500 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The stock was acquired at an average price of $41.00 per share, for a total transaction of $143,500.00. Following the transaction, the executive vice president directly owned 33,024 shares of the company’s stock, valued at $1,353,984. This represents a 11.85% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Hallie E. Kuhn sold 536 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $48.20, for a total value of $25,835.20. Following the transaction, the executive vice president owned 48,301 shares of the company’s stock, valued at $2,328,108.20. This trade represents a 1.10% decrease in their position. The SEC filing for this sale provides additional information. 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

A number of hedge funds and other institutional investors have recently made changes to their positions in ARE. Norges Bank acquired a new stake in shares of Alexandria Real Estate Equities in the fourth quarter valued at $805,429,000. Invesco Ltd. raised its position in shares of Alexandria Real Estate Equities by 57.9% during the fourth 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 last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Alexandria Real Estate Equities by 1,022.1% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,813,955 shares of the real estate investment trust’s stock worth $151,175,000 after acquiring an additional 1,652,298 shares during the last quarter. Freestone Grove Partners LP bought a new stake in shares of Alexandria Real Estate Equities during the fourth quarter worth $72,144,000. Finally, Goldman Sachs Group Inc. raised its position in shares of Alexandria Real Estate Equities by 52.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,582,387 shares of the real estate investment trust’s stock worth $175,322,000 after acquiring an additional 1,236,781 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Trading Up 6.9%

The business has a 50-day moving average price of $46.55 and a two-hundred day moving average price of $49.90. The company has a market cap of $9.36 billion, a P/E ratio of -8.55, a P/E/G ratio of 6.21 and a beta of 1.19. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.65.

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 return on equity of 5.21% and a negative net margin of 36.03%.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 business earned $2.30 earnings per share. The company’s 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, analysts predict that Alexandria Real Estate Equities, Inc. will post 6.4 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

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