Alexandria Real Estate Equities (NYSE:ARE) Price Target Lowered to $65.00 at Evercore

Alexandria Real Estate Equities (NYSE:ARE) had its price target reduced by Evercore from $67.00 to $65.00 in a research report released on Monday morning,MarketScreener reports. They currently have an outperform rating on the real estate investment trust’s stock.

Other research analysts also recently issued reports about the company. Royal Bank Of Canada reissued a “sector perform” rating and issued a $60.00 target price on shares of Alexandria Real Estate Equities in a report on Tuesday, February 10th. Weiss Ratings reissued a “sell (d)” rating on shares of Alexandria Real Estate Equities in a report on Wednesday, January 21st. Zacks Research raised Alexandria Real Estate Equities from a “strong sell” rating to a “hold” rating in a report on Thursday, January 29th. Cantor Fitzgerald boosted their target price on Alexandria Real Estate Equities from $46.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Finally, Morgan Stanley reduced their target price 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. Three equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $64.33.

Alexandria Real Estate Equities Stock Up 0.5%

NYSE ARE opened at $43.24 on Monday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.65. The stock’s 50 day moving average is $51.24 and its two-hundred day moving average is $57.05. The company has a market capitalization of $7.49 billion, a price-to-earnings ratio of -5.11, a PEG ratio of 5.23 and a beta of 1.33. Alexandria Real Estate Equities has a 1-year low of $41.44 and a 1-year high of $88.24.

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

Alexandria Real Estate Equities declared that its board has authorized a stock repurchase program on Monday, December 8th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the real estate investment trust to buy up to 6.4% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Alexandria Real Estate Equities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 6.7%. The ex-dividend date is Tuesday, March 31st. Alexandria Real Estate Equities’s payout ratio is -34.12%.

Insiders Place Their Bets

In related news, Chairman Joel S. Marcus acquired 25,000 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The stock was purchased at an average price of $53.92 per share, for a total transaction of $1,348,000.00. Following the transaction, the chairman directly 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 position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.08% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new position in Alexandria Real Estate Equities in the 4th quarter worth approximately $805,429,000. State Street Corp raised its position in Alexandria Real Estate Equities by 0.7% in 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 position 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 worth $295,270,000 after purchasing an additional 2,211,424 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Alexandria Real Estate Equities by 1.1% during 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 acquiring an additional 48,490 shares during the last quarter. Finally, Capital World Investors raised its position in shares of Alexandria Real Estate Equities by 0.8% during the 4th quarter. Capital World Investors now owns 3,720,956 shares of the real estate investment trust’s stock valued at $182,104,000 after acquiring an additional 29,575 shares during the last quarter. 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.