Alexandria Real Estate Equities (NYSE:ARE – Get Free Report)‘s stock had its “market perform” rating reissued by equities researchers at Citizens Jmp in a report issued on Monday,Benzinga reports.
Other research analysts also recently issued reports about the company. Mizuho decreased their price objective on Alexandria Real Estate Equities from $70.00 to $60.00 and set an “outperform” rating for the company in a report on Monday, July 6th. BMO Capital Markets lifted their price objective on shares of Alexandria Real Estate Equities from $52.00 to $54.00 and gave the company a “market perform” rating in a report on Friday, June 12th. Cantor Fitzgerald boosted their price objective on shares of Alexandria Real Estate Equities from $43.00 to $52.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Evercore reaffirmed an “outperform” rating on shares of Alexandria Real Estate Equities in a research report on Monday. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research note on Friday, July 17th. Two research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, Alexandria Real Estate Equities presently has a consensus rating of “Reduce” and a consensus price target of $52.62.
Alexandria Real Estate Equities Stock Performance
Alexandria Real Estate Equities (NYSE:ARE – Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported ($0.43) EPS 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 company’s revenue was down 13.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.33 earnings per share. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. On average, analysts expect that Alexandria Real Estate Equities will post 6.37 earnings per share for the current fiscal year.
Insider Activity at Alexandria Real Estate Equities
In related news, CFO Marc E. Binda sold 2,000 shares of the stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $54.00, for a total value of $108,000.00. Following the sale, the chief financial officer owned 188,264 shares in the company, valued at approximately $10,166,256. This represents a 1.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.35% of the company’s stock.
Hedge Funds Weigh In On Alexandria Real Estate Equities
Large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC raised its stake in Alexandria Real Estate Equities by 18.1% in the 4th quarter. Farther Finance Advisors LLC now owns 1,228 shares of the real estate investment trust’s stock worth $60,000 after acquiring an additional 188 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Alexandria Real Estate Equities by 0.9% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,443 shares of the real estate investment trust’s stock worth $1,711,000 after purchasing an additional 198 shares during the period. New Mexico Educational Retirement Board boosted its position in Alexandria Real Estate Equities by 2.9% in the fourth quarter. New Mexico Educational Retirement Board now owns 7,200 shares of the real estate investment trust’s stock valued at $352,000 after buying an additional 200 shares during the last quarter. CIBC Private Wealth Group LLC increased its holdings in 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 worth $36,000 after buying an additional 228 shares during the period. Finally, Quarry LP raised its position in Alexandria Real Estate Equities by 33.9% during the 4th quarter. Quarry LP now owns 991 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 251 shares during the last quarter. 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.
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