Alexandria Real Estate Equities (NYSE:ARE) Price Target Raised to $52.00

Alexandria Real Estate Equities (NYSE:ARE) had its target price upped by Robert W. Baird from $46.00 to $52.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. Robert W. Baird’s target price indicates a potential downside of 2.66% from the company’s previous close.

A number of other brokerages have also commented on ARE. BMO Capital Markets raised their target price on shares of Alexandria Real Estate Equities from $52.00 to $54.00 and gave the stock a “market perform” rating in a research report on Friday, June 12th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $52.00 price target on shares of Alexandria Real Estate Equities in a report on Tuesday, May 19th. Weiss Ratings reissued a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research note on Friday, July 17th. Citizens Jmp restated a “market perform” rating on shares of Alexandria Real Estate Equities in a report on Monday, August 17th. Finally, BNP Paribas Exane upped their target price on Alexandria Real Estate Equities from $45.00 to $48.00 and gave the stock an “underperform” rating in a report on Wednesday, August 5th. Two analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Alexandria Real Estate Equities presently has an average rating of “Reduce” and an average price target of $52.85.

Alexandria Real Estate Equities Trading Down 0.1%

NYSE ARE opened at $53.42 on Monday. The company’s 50-day moving average price is $50.58 and its 200-day moving average price is $49.60. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.67. The stock has a market cap of $9.31 billion, a PE ratio of -8.82 and a beta of 1.15. Alexandria Real Estate Equities has a 12 month low of $39.41 and a 12 month high of $88.24.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, August 3rd. The real estate investment trust reported ($0.43) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.52). Alexandria Real Estate Equities had a negative return on equity of 5.21% and a negative net margin of 36.08%.The company had revenue of $662.78 million during the quarter, compared to analysts’ expectations of $464.86 million. During the same period in the prior year, the business earned $2.33 EPS. The company’s quarterly revenue was down 13.0% on a year-over-year basis. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. Equities research analysts forecast that Alexandria Real Estate Equities will post 6.38 earnings per share for the current year.

Insider Buying and Selling at Alexandria Real Estate Equities

In other news, CFO Marc E. Binda sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $54.00, for a total value of $108,000.00. Following the completion of the transaction, the chief financial officer directly owned 188,264 shares in the company, valued at $10,166,256. This trade represents a 1.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Joel S. Marcus purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was acquired at an average price of $46.28 per share, for a total transaction of $231,400.00. Following the acquisition, the chairman owned 592,724 shares in the company, valued at $27,431,266.72. This trade represents a 0.85% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.35% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC lifted its position 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 worth $60,000 after buying an additional 188 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Alexandria Real Estate Equities by 0.9% during the 2nd 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 buying an additional 198 shares in the last quarter. New Mexico Educational Retirement Board grew its stake 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 valued at $352,000 after purchasing an additional 200 shares during the last quarter. CIBC Private Wealth Group LLC grew its stake in shares of Alexandria Real Estate Equities by 109.6% during the third quarter. CIBC Private Wealth Group LLC now owns 436 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 228 shares during the last quarter. Finally, Quarry LP increased its holdings in shares of Alexandria Real Estate Equities by 33.9% in the fourth quarter. Quarry LP now owns 991 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 251 shares in the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

About Alexandria Real Estate Equities

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.