Zacks Research Analysts Raise Earnings Estimates for ARE

Alexandria Real Estate Equities, Inc. (NYSE:ARE) – Equities researchers at Zacks Research upped their Q3 2027 earnings per share estimates for shares of Alexandria Real Estate Equities in a research report issued to clients and investors on Thursday, April 2nd. Zacks Research analyst Team now anticipates that the real estate investment trust will post earnings per share of $1.37 for the quarter, up from their previous estimate of $1.36. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Alexandria Real Estate Equities’ current full-year earnings is $9.32 per share. Zacks Research also issued estimates for Alexandria Real Estate Equities’ FY2027 earnings at $5.94 EPS.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, January 26th. The real estate investment trust reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.01. The business had revenue of $754.41 million for the quarter, compared to analyst estimates of $742.64 million. Alexandria Real Estate Equities had a negative return on equity of 6.82% and a negative net margin of 47.23%.The firm’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.39 earnings per share. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.250-6.550 EPS.

A number of other research analysts also recently weighed in on ARE. BMO Capital Markets reissued a “market perform” rating and issued a $52.00 price target (down from $65.00) on shares of Alexandria Real Estate Equities in a research note on Wednesday, March 25th. Jefferies Financial Group lifted their price objective on Alexandria Real Estate Equities from $47.00 to $57.00 and gave the stock a “hold” rating in a research note on Friday, January 30th. JPMorgan Chase & Co. dropped their price objective on Alexandria Real Estate Equities from $63.00 to $57.00 and set a “neutral” rating for the company in a report on Tuesday, March 10th. Evercore cut their target price on Alexandria Real Estate Equities from $67.00 to $65.00 and set an “outperform” rating on the stock in a research note on Monday. Finally, The Goldman Sachs Group started coverage on Alexandria Real Estate Equities in a research report on Tuesday, February 3rd. They set a “neutral” rating and a $60.00 target price for the company. Three equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $64.33.

Alexandria Real Estate Equities Trading Up 2.0%

NYSE:ARE traded up $0.85 on Tuesday, hitting $43.90. 841,965 shares of the stock were exchanged, compared to its average volume of 2,535,925. 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 has a 52 week low of $41.44 and a 52 week high of $88.24. The stock has a market capitalization of $7.60 billion, a price-to-earnings ratio of -5.20, a P/E/G ratio of 5.23 and a beta of 1.33. The company’s 50-day moving average price is $51.24 and its 200 day moving average price is $57.05.

Alexandria Real Estate Equities announced that its Board of Directors has initiated a stock buyback program on Monday, December 8th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the real estate investment trust to buy up to 6.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Alexandria Real Estate Equities Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a $0.72 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.88 annualized dividend and a dividend yield of 6.6%. Alexandria Real Estate Equities’s payout ratio is -34.12%.

Insider Activity

In other news, Chairman Joel S. Marcus acquired 25,000 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was acquired at an average price of $53.92 per share, for a total transaction of $1,348,000.00. Following the transaction, the chairman directly owned 562,724 shares in the company, valued at approximately $30,342,078.08. This represents a 4.65% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 1.08% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. DNB Asset Management AS increased its stake in Alexandria Real Estate Equities by 121.4% during the 3rd quarter. DNB Asset Management AS now owns 92,657 shares of the real estate investment trust’s stock worth $7,722,000 after purchasing an additional 50,810 shares in the last quarter. Amundi lifted its stake in Alexandria Real Estate Equities by 2.9% in the second quarter. Amundi now owns 800,479 shares of the real estate investment trust’s stock valued at $64,405,000 after buying an additional 22,820 shares in the last quarter. Nan Fung Trinity HK Ltd. bought a new position in Alexandria Real Estate Equities in the third quarter valued at approximately $14,664,000. Harvey Capital Management Inc. boosted its holdings in shares of Alexandria Real Estate Equities by 91.8% in the third quarter. Harvey Capital Management Inc. now owns 45,600 shares of the real estate investment trust’s stock valued at $3,800,000 after buying an additional 21,825 shares during the period. Finally, Phoenix Financial Ltd. acquired a new position in shares of Alexandria Real Estate Equities in the third quarter valued at approximately $1,957,000. 96.54% of the stock is owned by institutional investors and hedge funds.

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.