The Goldman Sachs Group Begins Coverage on Alexandria Real Estate Equities (NYSE:ARE)

Equities research analysts at The Goldman Sachs Group initiated coverage on shares of Alexandria Real Estate Equities (NYSE:ARE) in a research note issued to investors on Tuesday, MarketBeat reports. The brokerage set a “neutral” rating and a $60.00 price target on the real estate investment trust’s stock. The Goldman Sachs Group’s target price points to a potential upside of 8.50% from the company’s current price.

Several other equities research analysts have also weighed in on the company. JPMorgan Chase & Co. dropped their price target on Alexandria Real Estate Equities from $65.00 to $63.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 14th. Cantor Fitzgerald boosted their price objective on shares of Alexandria Real Estate Equities from $46.00 to $60.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. BNP Paribas Exane decreased their target price on shares of Alexandria Real Estate Equities from $72.00 to $50.00 and set an “underperform” rating for the company in a research note on Thursday, December 4th. Jefferies Financial Group boosted their price target on Alexandria Real Estate Equities from $47.00 to $57.00 and gave the stock a “hold” rating in a research report on Friday, January 30th. Finally, Evercore ISI upped their price target on Alexandria Real Estate Equities from $64.00 to $67.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 28th. Five analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $66.13.

Alexandria Real Estate Equities Trading Up 2.7%

NYSE:ARE opened at $55.30 on Tuesday. The company has a 50-day moving average price of $51.73 and a 200-day moving average price of $66.07. The stock has a market cap of $9.58 billion, a price-to-earnings ratio of -6.55, a P/E/G ratio of 6.50 and a beta of 1.31. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.65. Alexandria Real Estate Equities has a 12 month low of $44.10 and a 12 month high of $105.14.

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

Alexandria Real Estate Equities declared that its Board of Directors has authorized a share repurchase program on Monday, December 8th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the real estate investment trust to repurchase up to 6.4% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, Director Sheila K. Mcgrath acquired 3,100 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were acquired at an average cost of $45.60 per share, with a total value of $141,360.00. Following the transaction, the director owned 8,392 shares of the company’s stock, valued at $382,675.20. The trade was a 58.58% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.08% of the company’s stock.

Institutional Investors Weigh In On Alexandria Real Estate Equities

Several institutional investors have recently modified their holdings of the business. Avalon Trust Co purchased a new position in Alexandria Real Estate Equities in the 3rd quarter worth about $29,000. Cornerstone Planning Group LLC boosted its holdings in shares of Alexandria Real Estate Equities by 5,916.7% during the 3rd quarter. Cornerstone Planning Group LLC now owns 361 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 355 shares during the last quarter. BOKF NA grew its stake in shares of Alexandria Real Estate Equities by 6,033.3% in the third quarter. BOKF NA now owns 368 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 362 shares during the period. Loomis Sayles & Co. L P purchased a new position in shares of Alexandria Real Estate Equities during the second quarter valued at approximately $27,000. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of Alexandria Real Estate Equities during the second quarter valued at approximately $30,000. 96.54% of the stock is owned by hedge funds and other 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.