Alexandria Real Estate Equities (NYSE:ARE) Raised to Hold at Zacks Research

Alexandria Real Estate Equities (NYSE:ARE) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Other equities research analysts have also issued reports about the company. Royal Bank Of Canada cut their price objective on 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. Evercore restated an “outperform” rating and issued a $57.00 price objective on shares of Alexandria Real Estate Equities in a report on Monday. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $52.00 target price on shares of Alexandria Real Estate Equities in a research note on Tuesday, May 19th. Robert W. Baird reiterated a “neutral” rating and issued a $46.00 target price (down from $67.00) on shares of Alexandria Real Estate Equities in a research report on Monday, May 4th. Finally, Mizuho decreased their price target on shares of Alexandria Real Estate Equities from $70.00 to $60.00 and set an “outperform” rating on the stock in a research note on Monday, July 6th. Two investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $52.38.

Alexandria Real Estate Equities Trading Up 4.9%

Shares of ARE stock opened at $53.03 on Wednesday. The stock has a 50 day simple moving average of $50.57 and a 200-day simple moving average of $49.60. Alexandria Real Estate Equities has a 1-year low of $39.41 and a 1-year high of $88.24. The company has a market cap of $9.24 billion, a price-to-earnings ratio of -8.75 and a beta of 1.15. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.19 and a quick ratio of 0.19.

Alexandria Real Estate Equities (NYSE:ARE) last posted 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). The company had revenue of $662.78 million for the quarter, compared to analyst estimates of $464.86 million. Alexandria Real Estate Equities had a negative return on equity of 5.21% and a negative net margin of 36.08%.The business’s revenue was down 13.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.33 earnings per share. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. On average, equities research analysts expect that Alexandria Real Estate Equities will post 6.38 EPS for the current fiscal year.

Insider Activity at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, CFO Marc E. Binda sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $54.00, for a total value of $108,000.00. Following the completion of the transaction, the chief financial officer owned 188,264 shares of the company’s stock, valued at $10,166,256. This trade represents a 1.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Joel S. Marcus purchased 5,000 shares of the company’s stock in a transaction on Monday, August 17th. The stock was acquired at an average price of $46.28 per share, with a total value of $231,400.00. Following the purchase, the chairman owned 592,724 shares of the company’s stock, valued at approximately $27,431,266.72. This represents a 0.85% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.35% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. FNY Investment Advisers LLC purchased a new stake in Alexandria Real Estate Equities during the 2nd quarter worth about $26,000. First Bancorp Inc ME acquired a new stake in Alexandria Real Estate Equities in the 2nd quarter valued at about $26,000. Basecamp Wealth Advisors LLC boosted its stake in shares of Alexandria Real Estate Equities by 3,723.5% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 650 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 633 shares during the period. CYBER HORNET ETFs LLC purchased a new position in shares of Alexandria Real Estate Equities in the 2nd quarter valued at about $30,000. Finally, BOKF NA grew its position in shares of Alexandria Real Estate Equities by 6,033.3% during the third quarter. BOKF NA now owns 368 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 362 shares in the last quarter. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

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.