Alexandria Real Estate Equities (NYSE:ARE) Price Target Raised to $48.00

Alexandria Real Estate Equities (NYSE:ARE) had its price target lifted by BNP Paribas Exane from $45.00 to $48.00 in a report published on Wednesday,Benzinga reports. BNP Paribas Exane currently has an underperform rating on the real estate investment trust’s stock.

A number of other equities analysts have also recently weighed in on the company. Morgan Stanley reaffirmed an “underweight” rating and issued a $53.00 price target on shares of Alexandria Real Estate Equities in a report on Thursday, June 11th. Citigroup reissued a “market perform” rating on shares of Alexandria Real Estate Equities in a report on Monday, July 27th. The Goldman Sachs Group restated a “neutral” rating and issued a $52.00 price objective on shares of Alexandria Real Estate Equities in a research report on Tuesday, May 19th. Evercore increased their target price on Alexandria Real Estate Equities from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research note on Friday, July 17th. Two equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, Alexandria Real Estate Equities presently has an average rating of “Reduce” and a consensus price target of $52.00.

Alexandria Real Estate Equities Stock Up 2.6%

ARE stock opened at $49.74 on Wednesday. The firm has a market cap of $8.67 billion, a PE ratio of -8.21, a P/E/G ratio of 5.90 and a beta of 1.15. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.20 and a current ratio of 0.19. The firm’s fifty day moving average is $51.14 and its 200 day moving average is $50.19. Alexandria Real Estate Equities has a one year low of $39.41 and a one year high of $88.24.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data 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 return on equity of 5.21% and a negative net margin of 36.08%.The firm had revenue of $662.78 million during the quarter, compared to analyst estimates of $464.86 million. During the same quarter last year, the company posted $2.33 EPS. The company’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, research analysts forecast that Alexandria Real Estate Equities will post 6.37 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend was Tuesday, June 30th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently -45.93%.

Insiders Place Their Bets

In related news, CFO Marc E. Binda sold 2,000 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $54.00, for a total transaction of $108,000.00. Following the transaction, the chief financial officer directly owned 188,264 shares in the company, valued at approximately $10,166,256. The trade was a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.35% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ARE. BlackRock Inc. purchased a new stake in Alexandria Real Estate Equities in the second quarter valued at $1,146,423,000. Norges Bank acquired a new stake in shares of Alexandria Real Estate Equities during the 4th quarter worth about $805,429,000. State Street Corp increased its position in shares of Alexandria Real Estate Equities by 0.7% during the 4th quarter. State Street Corp now owns 11,348,192 shares of the real estate investment trust’s stock worth $563,418,000 after purchasing an additional 75,161 shares during the last quarter. Invesco Ltd. raised its holdings in Alexandria Real Estate Equities by 57.9% in the 4th quarter. Invesco Ltd. now owns 6,033,304 shares of the real estate investment trust’s stock valued at $295,270,000 after buying an additional 2,211,424 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Alexandria Real Estate Equities by 1.1% in the 4th 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 buying an additional 48,490 shares during the period. 96.54% of the stock is currently owned by institutional investors and hedge funds.

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.