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

Alexandria Real Estate Equities (NYSE:ARE)‘s stock had its “sector perform” rating reiterated by Royal Bank Of Canada in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $60.00 target price on the real estate investment trust’s stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 6.27% from the stock’s current price.

ARE has been the subject of a number of other reports. Mizuho dropped their price target on shares of Alexandria Real Estate Equities from $91.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday, January 9th. Citigroup dropped their price objective on Alexandria Real Estate Equities from $61.00 to $52.00 and set a “neutral” rating for the company in a research note on Thursday, December 4th. Zacks Research raised Alexandria Real Estate Equities from a “strong sell” rating to a “hold” rating in a report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Alexandria Real Estate Equities from $53.00 to $55.00 and gave the company a “hold” rating in a research report on Monday, February 2nd. Finally, Robert W. Baird lowered their price objective on shares of Alexandria Real Estate Equities from $73.00 to $67.00 and set an “outperform” rating for the company in a research note on Thursday, December 4th. Five analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $65.73.

Alexandria Real Estate Equities Stock Up 0.5%

ARE traded up $0.26 during midday trading on Tuesday, reaching $56.46. 274,216 shares of the company were exchanged, compared to its average volume of 2,644,813. Alexandria Real Estate Equities has a one year low of $44.10 and a one year high of $105.14. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.23 and a current ratio of 0.23. The company’s fifty day moving average price is $51.86 and its 200 day moving average price is $65.43. The company has a market cap of $9.78 billion, a price-to-earnings ratio of -6.68, a price-to-earnings-growth ratio of 6.76 and a beta of 1.31.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data 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%. The firm’s revenue was down 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.39 EPS. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, analysts expect that Alexandria Real Estate Equities will post 9.32 EPS for the current year.

Alexandria Real Estate Equities announced that its board has approved a stock repurchase plan 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 reacquire up to 6.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, Director Sheila K. Mcgrath bought 3,100 shares of the company’s stock in a transaction on Wednesday, December 10th. The shares were bought at an average price of $45.60 per share, for a total transaction of $141,360.00. Following the transaction, the director owned 8,392 shares of the company’s stock, valued at approximately $382,675.20. This trade represents a 58.58% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.15% of the company’s stock.

Institutional Investors Weigh In On Alexandria Real Estate Equities

Several hedge funds have recently modified their holdings of the stock. Avalon Trust Co acquired a new position in shares of Alexandria Real Estate Equities during the third quarter worth $29,000. Cornerstone Planning Group LLC grew its stake in shares of Alexandria Real Estate Equities by 5,916.7% during the third 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 in the last quarter. BOKF NA lifted 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 in the last quarter. Loomis Sayles & Co. L P purchased a new position in Alexandria Real Estate Equities in the second quarter valued at about $27,000. Finally, CYBER HORNET ETFs LLC acquired a new position in Alexandria Real Estate Equities in the second quarter worth $30,000. 96.54% of the stock is owned by institutional investors and hedge funds.

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.