Alexandria Real Estate Equities (NYSE:ARE) Earns Sector Perform Rating from Royal Bank Of Canada

Alexandria Real Estate Equities (NYSE:AREGet Free Report)‘s stock had its “sector perform” rating restated by analysts at Royal Bank Of Canada in a note issued to investors on Tuesday,Benzinga reports. They currently have a $60.00 target price on the real estate investment trust’s stock. Royal Bank Of Canada’s price target indicates a potential upside of 11.60% from the stock’s previous close.

A number of other research analysts have also issued reports on ARE. BNP Paribas Exane lowered their target price on Alexandria Real Estate Equities from $72.00 to $50.00 and set an “underperform” rating on the stock in a report on Thursday, December 4th. Citigroup reduced their price objective on shares of Alexandria Real Estate Equities from $61.00 to $52.00 and set a “neutral” rating for the company in a research report on Thursday, December 4th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Alexandria Real Estate Equities from $53.00 to $55.00 and gave the stock a “hold” rating in a report on Monday, February 2nd. The Goldman Sachs Group initiated coverage on shares of Alexandria Real Estate Equities in a report on Tuesday, February 3rd. They set a “neutral” rating and a $60.00 target price for the company. Finally, Mizuho dropped their price target on Alexandria Real Estate Equities from $91.00 to $70.00 and set an “outperform” rating on the stock in a report on Friday, January 9th. Five research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Alexandria Real Estate Equities has an average rating of “Hold” and an average target price of $65.73.

View Our Latest Analysis on ARE

Alexandria Real Estate Equities Price Performance

NYSE ARE opened at $53.76 on Tuesday. Alexandria Real Estate Equities has a 12 month low of $44.10 and a 12 month high of $105.14. The firm has a market capitalization of $9.32 billion, a PE ratio of -6.37, a P/E/G ratio of 6.88 and a beta of 1.31. The company’s 50 day simple moving average is $52.03 and its 200 day simple moving average is $65.17. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.23 and a quick ratio of 0.23.

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

Alexandria Real Estate Equities declared that its Board of Directors has authorized a share repurchase plan on Monday, December 8th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to buy up to 6.4% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

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

Institutional Trading of Alexandria Real Estate Equities

Hedge funds have recently made changes to their positions in the stock. IFM Investors Pty Ltd boosted its holdings in shares of Alexandria Real Estate Equities by 0.3% during the third quarter. IFM Investors Pty Ltd now owns 58,544 shares of the real estate investment trust’s stock worth $4,909,000 after purchasing an additional 150 shares during the period. Kaufman Rossin Wealth LLC boosted its stake in shares of Alexandria Real Estate Equities by 6.3% during the 3rd quarter. Kaufman Rossin Wealth LLC now owns 2,954 shares of the real estate investment trust’s stock valued at $246,000 after buying an additional 174 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of Alexandria Real Estate Equities by 18.1% during the 4th quarter. Farther Finance Advisors LLC now owns 1,228 shares of the real estate investment trust’s stock valued at $60,000 after acquiring an additional 188 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Alexandria Real Estate Equities by 0.9% in 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 acquiring an additional 198 shares during the last quarter. Finally, New Mexico Educational Retirement Board raised its holdings in shares of Alexandria Real Estate Equities by 2.9% during the fourth quarter. New Mexico Educational Retirement Board now owns 7,200 shares of the real estate investment trust’s stock worth $352,000 after acquiring an additional 200 shares in the last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Alexandria Real Estate Equities

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Alexandria Real Estate Equities Company Profile

(Get Free Report)

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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