Alexandria Real Estate Equities (NYSE:ARE) Earns Neutral Rating from Analysts at The Goldman Sachs Group

The Goldman Sachs Group started coverage on shares of Alexandria Real Estate Equities (NYSE:ARE) in a research note issued to investors on Tuesday morning, Marketbeat.com reports. The firm issued a neutral rating and a $60.00 price objective on the real estate investment trust’s stock.

Several other research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of Alexandria Real Estate Equities from $65.00 to $63.00 and set a “neutral” rating on the stock in a report on Wednesday, January 14th. Royal Bank Of Canada lowered their price target on shares of Alexandria Real Estate Equities from $98.00 to $65.00 and set a “sector perform” rating for the company in a research report on Monday, November 3rd. Citigroup cut their price objective on shares of Alexandria Real Estate Equities from $61.00 to $52.00 and set a “neutral” rating on the stock in a report on Thursday, December 4th. Weiss Ratings restated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a report on Wednesday, January 21st. Finally, Cantor Fitzgerald increased their target price on Alexandria Real Estate Equities from $46.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Five investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $66.13.

Alexandria Real Estate Equities Stock Down 0.4%

Shares of NYSE ARE opened at $55.09 on Tuesday. Alexandria Real Estate Equities has a 52-week low of $44.10 and a 52-week high of $105.14. The firm has a market capitalization of $9.55 billion, a price-to-earnings ratio of -6.53, a PEG ratio of 6.68 and a beta of 1.31. The stock has a 50 day moving average price of $51.76 and a 200 day moving average price of $65.99. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.23 and a current ratio of 0.23.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, January 26th. The real estate investment trust reported $2.16 earnings per share for the quarter, beating 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 business had revenue of $754.41 million during the quarter, compared to analyst estimates of $742.64 million. During the same period in the previous year, the company posted $2.39 EPS. Alexandria Real Estate Equities’s revenue was down 4.4% on a year-over-year basis. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.250-6.550 EPS. Sell-side analysts expect that Alexandria Real Estate Equities will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 5.2%. The ex-dividend date was Wednesday, December 31st. Alexandria Real Estate Equities’s dividend payout ratio is currently -34.12%.

Alexandria Real Estate Equities announced that its board has authorized a share buyback program on Monday, December 8th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the real estate investment trust to buy up to 6.4% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other Alexandria Real Estate Equities news, Director Sheila K. Mcgrath bought 3,100 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Wednesday, December 10th. The shares were bought at an average cost of $45.60 per share, with a total value of $141,360.00. Following the transaction, the director directly owned 8,392 shares of the company’s stock, valued at approximately $382,675.20. This represents a 58.58% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.08% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Alexandria Real Estate Equities

A number of large investors have recently modified their holdings of the business. Norges Bank acquired a new stake in Alexandria Real Estate Equities in the 2nd quarter worth approximately $1,195,306,000. State Street Corp increased its stake in Alexandria Real Estate Equities by 3.7% during the 3rd quarter. State Street Corp now owns 11,273,031 shares of the real estate investment trust’s stock valued at $954,117,000 after purchasing an additional 399,286 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Alexandria Real Estate Equities by 1.9% in the second quarter. Geode Capital Management LLC now owns 4,318,035 shares of the real estate investment trust’s stock worth $312,407,000 after buying an additional 82,591 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Alexandria Real Estate Equities by 4.0% during the third quarter. Invesco Ltd. now owns 3,821,880 shares of the real estate investment trust’s stock worth $318,516,000 after buying an additional 145,562 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Alexandria Real Estate Equities by 4.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,655,204 shares of the real estate investment trust’s stock valued at $192,848,000 after buying an additional 125,020 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

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.