Alexandria Real Estate Equities (NYSE:ARE – Free Report) had its target price lifted by Cantor Fitzgerald from $43.00 to $52.00 in a report issued on Wednesday, Marketbeat reports. The brokerage currently has a neutral rating on the real estate investment trust’s stock.
ARE has been the topic of several other research reports. BNP Paribas Exane lifted their price target on shares of Alexandria Real Estate Equities from $44.00 to $45.00 and gave the stock an “underperform” rating in a research note on Wednesday, July 1st. The Goldman Sachs Group reiterated a “neutral” rating and set a $52.00 price target on shares of Alexandria Real Estate Equities in a research report on Tuesday, May 19th. Morgan Stanley restated an “underweight” rating and issued a $53.00 target price on shares of Alexandria Real Estate Equities in a research report on Thursday, June 11th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alexandria Real Estate Equities in a report on Friday, July 17th. Finally, Robert W. Baird reissued 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. Two equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $52.00.
Check Out Our Latest Stock Report on ARE
Alexandria Real Estate Equities Stock Performance
Alexandria Real Estate Equities (NYSE:ARE – Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.52). The company had revenue of $662.78 million for the quarter, compared to analysts’ expectations of $464.86 million. Alexandria Real Estate Equities had a negative net margin of 36.08% and a negative return on equity of 5.21%. The firm’s quarterly revenue was down 13.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.33 earnings per share. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. Analysts expect that Alexandria Real Estate Equities will post 6.37 EPS for the current year.
Alexandria Real Estate Equities Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.72 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.88 dividend on an annualized basis and a yield of 5.8%. Alexandria Real Estate Equities’s payout ratio is currently -45.93%.
Insider Buying and Selling
In other news, CFO Marc E. Binda sold 2,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer directly owned 188,264 shares in the company, valued at $10,166,256. The trade was a 1.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.35% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Alexandria Real Estate Equities
A number of institutional investors have recently added to or reduced their stakes in the company. BOKF NA increased its holdings in Alexandria Real Estate Equities by 6,033.3% in the 3rd quarter. BOKF NA now owns 368 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 362 shares during the period. CYBER HORNET ETFs LLC bought a new stake in Alexandria Real Estate Equities during the 2nd quarter worth about $30,000. CIBC Private Wealth Group LLC increased its stake in shares of Alexandria Real Estate Equities by 109.6% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 436 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 228 shares during the period. MUFG Securities EMEA plc bought a new position in shares of Alexandria Real Estate Equities in the 2nd quarter valued at about $33,000. Finally, FNY Investment Advisers LLC acquired a new stake in Alexandria Real Estate Equities during the 2nd quarter worth $26,000. 96.54% of the stock is owned by institutional investors and hedge funds.
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.
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