Alexandria Real Estate Equities (NYSE:ARE) Given New $60.00 Price Target at Mizuho

Alexandria Real Estate Equities (NYSE:ARE) had its price objective trimmed by Mizuho from $70.00 to $60.00 in a report released on Monday, MarketBeat.com reports. The brokerage currently has an outperform rating on the real estate investment trust’s stock.

Other research analysts have also recently issued research reports about the stock. Evercore lifted their price target on shares of Alexandria Real Estate Equities from $58.00 to $60.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. BNP Paribas Exane upped their price objective on Alexandria Real Estate Equities from $44.00 to $45.00 and gave the stock an “underperform” rating in a report on Wednesday, July 1st. Weiss Ratings reiterated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research report on Monday, April 20th. Wall Street Zen upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Royal Bank Of Canada reduced their price target on Alexandria Real Estate Equities from $60.00 to $50.00 and set a “sector perform” rating on the stock in a report on Tuesday, May 5th. Three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Alexandria Real Estate Equities has an average rating of “Hold” and a consensus target price of $51.08.

Alexandria Real Estate Equities Price Performance

NYSE ARE opened at $50.55 on Monday. Alexandria Real Estate Equities has a one year low of $39.41 and a one year high of $88.24. The stock has a 50-day moving average of $49.20 and a 200 day moving average of $50.31. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.20 and a current ratio of 0.20. The company has a market capitalization of $8.81 billion, a price-to-earnings ratio of -8.06, a PEG ratio of 6.37 and a beta of 1.17.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, April 27th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.73. The company had revenue of $671.02 million for the quarter, compared to analysts’ expectations of $684.78 million. Alexandria Real Estate Equities had a negative net margin of 36.03% and a negative return on equity of 5.21%. The firm’s quarterly revenue was down 11.5% on a year-over-year basis. During the same quarter last year, the company posted $2.30 earnings per share. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.300-6.500 EPS. On average, sell-side analysts forecast that Alexandria Real Estate Equities will post 6.4 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.72 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.88 dividend on an annualized basis and a yield of 5.7%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is -45.93%.

Insider Buying and Selling at Alexandria Real Estate Equities

In other news, EVP Hallie E. Kuhn sold 536 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $48.20, for a total value of $25,835.20. Following the completion of the sale, the executive vice president owned 48,301 shares of the company’s stock, valued at approximately $2,328,108.20. This represents a 1.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Marc E. Binda sold 2,000 shares of the stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $54.00, for a total transaction of $108,000.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Basecamp Wealth Advisors LLC boosted its position in Alexandria Real Estate Equities by 3,723.5% during the first quarter. Basecamp Wealth Advisors LLC now owns 650 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 633 shares in the last quarter. CYBER HORNET ETFs LLC bought a new position in Alexandria Real Estate Equities in the second quarter worth about $30,000. BOKF NA lifted its position in shares of Alexandria Real Estate Equities by 6,033.3% during the third 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 last quarter. MUFG Securities EMEA plc purchased a new stake in shares of Alexandria Real Estate Equities during the second quarter valued at about $33,000. Finally, CIBC Private Wealth Group LLC boosted its holdings 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 in 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.