Alexandria Real Estate Equities’ (ARE) Market Perform Rating Reiterated at Citizens Jmp

Citizens Jmp reaffirmed their market perform rating on shares of Alexandria Real Estate Equities (NYSE:ARE) in a research report sent to investors on Monday morning,Benzinga reports.

Several other equities research analysts also recently commented on the stock. Royal Bank Of Canada lowered their target price on shares of Alexandria Real Estate Equities from $60.00 to $50.00 and set a “sector perform” rating for the company in a research note on Tuesday, May 5th. BMO Capital Markets lifted their price target on shares of Alexandria Real Estate Equities from $52.00 to $54.00 and gave the stock a “market perform” rating in a research report on Friday, June 12th. Cantor Fitzgerald boosted their price target on shares of Alexandria Real Estate Equities from $43.00 to $52.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Evercore restated an “outperform” rating and issued a $57.00 price objective on shares of Alexandria Real Estate Equities in a research report on Monday. Finally, Wall Street Zen cut shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Two research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Alexandria Real Estate Equities has an average rating of “Reduce” and a consensus target price of $52.38.

Alexandria Real Estate Equities Price Performance

Alexandria Real Estate Equities stock opened at $50.46 on Monday. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $8.79 billion, a P/E ratio of -8.33 and a beta of 1.15. The business has a 50-day moving average of $50.57 and a 200-day moving average of $49.61. Alexandria Real Estate Equities has a 1 year low of $39.41 and a 1 year high of $88.24.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, August 3rd. The real estate investment trust reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $662.78 million during the quarter, compared to analyst estimates of $464.86 million. During the same quarter in the prior year, the business earned $2.33 earnings per share. The business’s 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 anticipate that Alexandria Real Estate Equities will post 6.38 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend was Tuesday, June 30th. Alexandria Real Estate Equities’s dividend payout ratio is presently -47.52%.

Insider Activity at Alexandria Real Estate Equities

In related news, Chairman Joel S. Marcus purchased 5,000 shares of Alexandria Real Estate Equities stock in a transaction dated Monday, August 17th. The stock was bought at an average price of $46.28 per share, for a total transaction of $231,400.00. Following the completion of the acquisition, the chairman directly owned 592,724 shares of the company’s stock, valued at $27,431,266.72. This represents a 0.85% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Marc E. Binda sold 2,000 shares of the stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $54.00, for a total transaction of $108,000.00. Following the sale, the chief financial officer directly owned 188,264 shares of the company’s stock, valued at $10,166,256. This represents a 1.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.35% of the company’s stock.

Institutional Investors Weigh In On Alexandria Real Estate Equities

Institutional investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Alexandria Real Estate Equities during the fourth quarter worth about $805,429,000. Monaco Asset Management SAM acquired a new stake in Alexandria Real Estate Equities in the 4th quarter valued at approximately $6,582,000. Diamond Hill Capital Management Inc. acquired a new stake in Alexandria Real Estate Equities in the 4th quarter valued at approximately $8,445,000. Northwestern Mutual Wealth Management Co. lifted its stake in Alexandria Real Estate Equities by 789.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 51,884 shares of the real estate investment trust’s stock valued at $2,539,000 after acquiring an additional 46,052 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its stake in Alexandria Real Estate Equities by 58.6% in the 2nd quarter. Handelsbanken Fonder AB now owns 68,500 shares of the real estate investment trust’s stock valued at $3,620,000 after acquiring an additional 25,300 shares in the last quarter. 96.54% of the stock is 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.