Alexandria Real Estate Equities (NYSE:ARE) Given New $65.00 Price Target at Evercore

Alexandria Real Estate Equities (NYSE:ARE) had its price objective lowered by Evercore from $67.00 to $65.00 in a report released on Monday,MarketScreener reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. Evercore’s price target would suggest a potential upside of 51.56% from the company’s current price.

A number of other brokerages also recently weighed in on ARE. Morgan Stanley lowered their price target on Alexandria Real Estate Equities from $55.00 to $54.00 and set an “equal weight” rating on the stock in a report on Monday, February 9th. Mizuho decreased their price objective on Alexandria Real Estate Equities from $91.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday, January 9th. Jefferies Financial Group increased their price target on shares of Alexandria Real Estate Equities from $47.00 to $57.00 and gave the stock a “hold” rating in a research report on Friday, January 30th. Deutsche Bank Aktiengesellschaft upped their target price on Alexandria Real Estate Equities from $53.00 to $55.00 and gave the company a “hold” rating in a research note on Monday, February 2nd. Finally, Zacks Research raised Alexandria Real Estate Equities from a “strong sell” rating to a “hold” rating in a report on Thursday, January 29th. Three investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Alexandria Real Estate Equities has a consensus rating of “Hold” and a consensus target price of $64.33.

Alexandria Real Estate Equities Stock Performance

Alexandria Real Estate Equities stock opened at $42.89 on Monday. Alexandria Real Estate Equities has a fifty-two week low of $41.44 and a fifty-two week high of $88.24. The firm’s 50 day simple moving average is $51.24 and its 200-day simple moving average is $57.05. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.23 and a quick ratio of 0.23. The company has a market cap of $7.43 billion, a P/E ratio of -5.09, a price-to-earnings-growth ratio of 5.23 and a beta of 1.33.

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, topping 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 firm had revenue of $754.41 million during the quarter, compared to analyst estimates of $742.64 million. During the same quarter last year, the business posted $2.39 EPS. The company’s 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. As a group, equities research analysts predict that Alexandria Real Estate Equities will post 9.32 EPS for the current year.

Alexandria Real Estate Equities announced that its Board of Directors has authorized a share repurchase plan on Monday, December 8th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to purchase up to 6.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Alexandria Real Estate Equities

In other news, Chairman Joel S. Marcus bought 25,000 shares of the company’s stock in a transaction dated Thursday, February 12th. The stock was bought at an average price of $53.92 per share, with a total value of $1,348,000.00. Following the completion of the acquisition, the chairman owned 562,724 shares of the company’s stock, valued at $30,342,078.08. This represents a 4.65% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.08% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Norges Bank acquired a new position in shares of Alexandria Real Estate Equities in the 4th quarter worth approximately $805,429,000. State Street Corp grew its stake in Alexandria Real Estate Equities by 0.7% in the fourth quarter. State Street Corp now owns 11,348,192 shares of the real estate investment trust’s stock valued at $563,418,000 after acquiring an additional 75,161 shares during the period. Invesco Ltd. lifted its position in shares of Alexandria Real Estate Equities by 57.9% during the 4th quarter. Invesco Ltd. now owns 6,033,304 shares of the real estate investment trust’s stock worth $295,270,000 after buying an additional 2,211,424 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Alexandria Real Estate Equities by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 4,459,453 shares of the real estate investment trust’s stock valued at $217,466,000 after acquiring an additional 48,490 shares in the last quarter. Finally, Capital World Investors lifted its holdings in Alexandria Real Estate Equities by 0.8% during the fourth quarter. Capital World Investors now owns 3,720,956 shares of the real estate investment trust’s stock worth $182,104,000 after acquiring an additional 29,575 shares during the period. 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.