JPMorgan Chase & Co. Lowers Alexandria Real Estate Equities (NYSE:ARE) Price Target to $57.00

Alexandria Real Estate Equities (NYSE:ARE) had its price target decreased by analysts at JPMorgan Chase & Co. from $63.00 to $57.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 11.75% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. The Goldman Sachs Group assumed coverage on Alexandria Real Estate Equities in a research report on Tuesday, February 3rd. They issued a “neutral” rating and a $60.00 price target on the stock. Robert W. Baird dropped their target price on Alexandria Real Estate Equities from $73.00 to $67.00 and set an “outperform” rating on the stock in a report on Thursday, December 4th. Jefferies Financial Group increased their price target on Alexandria Real Estate Equities from $47.00 to $57.00 and gave the stock a “hold” rating in a report on Friday, January 30th. Citizens Jmp cut shares of Alexandria Real Estate Equities from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 13th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $60.00 target price on shares of Alexandria Real Estate Equities in a research note on Tuesday, February 10th. Four investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Alexandria Real Estate Equities currently has an average rating of “Hold” and an average target price of $65.33.

Alexandria Real Estate Equities Stock Performance

ARE stock traded down $0.18 on Tuesday, hitting $51.01. The company’s stock had a trading volume of 1,370,698 shares, compared to its average volume of 2,598,142. The stock has a market cap of $8.84 billion, a price-to-earnings ratio of -6.04, a price-to-earnings-growth ratio of 6.15 and a beta of 1.31. The firm has a 50 day moving average of $54.08 and a two-hundred day moving average of $62.15. 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 has a 1 year low of $44.10 and a 1 year high of $102.73.

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

Alexandria Real Estate Equities announced that its board has approved a share repurchase plan on Monday, December 8th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the real estate investment trust to buy up to 6.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Alexandria Real Estate Equities

In related news, Chairman Joel S. Marcus bought 25,000 shares of the firm’s stock in a transaction on Thursday, February 12th. The shares were bought at an average cost of $53.92 per share, for a total transaction of $1,348,000.00. Following the transaction, the chairman owned 562,724 shares of the company’s stock, valued at approximately $30,342,078.08. This trade represents a 4.65% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Sheila K. Mcgrath purchased 3,100 shares of the business’s stock in a transaction dated Wednesday, December 10th. The stock was bought at an average price of $45.60 per share, with a total value of $141,360.00. Following the acquisition, the director directly owned 8,392 shares in the company, valued at approximately $382,675.20. This represents a 58.58% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.15% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Alexandria Real Estate Equities

Several institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Alexandria Real Estate Equities by 102.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,245 shares of the real estate investment trust’s stock valued at $2,184,000 after purchasing an additional 11,762 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of Alexandria Real Estate Equities by 4,261.1% in the first quarter. NewEdge Advisors LLC now owns 3,140 shares of the real estate investment trust’s stock valued at $290,000 after buying an additional 3,068 shares in the last quarter. Empowered Funds LLC increased its position in shares of Alexandria Real Estate Equities by 4.8% in the first quarter. Empowered Funds LLC now owns 6,455 shares of the real estate investment trust’s stock valued at $597,000 after buying an additional 296 shares in the last quarter. Woodline Partners LP raised its stake in shares of Alexandria Real Estate Equities by 39.9% during the 1st quarter. Woodline Partners LP now owns 13,015 shares of the real estate investment trust’s stock worth $1,204,000 after buying an additional 3,714 shares during the last quarter. Finally, Focus Partners Wealth boosted its position in shares of Alexandria Real Estate Equities by 171.5% in the 1st quarter. Focus Partners Wealth now owns 6,591 shares of the real estate investment trust’s stock worth $610,000 after buying an additional 4,163 shares in the last quarter. Hedge funds and other 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.