Zacks Research Upgrades Alexandria Real Estate Equities (NYSE:ARE) to “Hold”

Alexandria Real Estate Equities (NYSE:ARE) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

ARE has been the topic of several other reports. Citizens Jmp reiterated a “market perform” rating on shares of Alexandria Real Estate Equities in a research note on Monday. Morgan Stanley restated an “underweight” rating and set a $53.00 price objective on shares of Alexandria Real Estate Equities in a research note on Thursday, June 11th. Royal Bank Of Canada decreased their price objective on Alexandria Real Estate Equities from $60.00 to $50.00 and set a “sector perform” rating for the company in a report on Tuesday, May 5th. Citigroup lifted their target price on Alexandria Real Estate Equities from $42.00 to $50.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. Finally, BMO Capital Markets increased their price objective on Alexandria Real Estate Equities from $52.00 to $54.00 and gave the company a “market perform” rating in a report on Friday, June 12th. Two analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $52.38.

Alexandria Real Estate Equities Price Performance

NYSE ARE opened at $53.03 on Wednesday. The stock has a market cap of $9.24 billion, a price-to-earnings ratio of -8.75 and a beta of 1.15. Alexandria Real Estate Equities has a 52-week low of $39.41 and a 52-week high of $88.24. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.19 and a current ratio of 0.19. The business has a 50 day simple moving average of $50.57 and a 200 day simple moving average of $49.60.

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

Insider Activity

In other Alexandria Real Estate Equities news, CFO Marc E. Binda sold 2,000 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $54.00, for a total transaction of $108,000.00. Following the completion of the sale, the chief financial officer directly owned 188,264 shares in the company, valued at $10,166,256. This represents a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 firm’s stock in a transaction that occurred on Monday, August 17th. The shares were bought at an average cost of $46.28 per share, for a total transaction of $231,400.00. Following the completion of the acquisition, the chairman directly owned 592,724 shares in the company, valued at $27,431,266.72. The trade was 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 company insiders.

Institutional Trading of Alexandria Real Estate Equities

Large investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of Alexandria Real Estate Equities during the second quarter valued at about $1,146,423,000. Norges Bank acquired a new stake in shares of Alexandria Real Estate Equities in the 4th quarter worth about $805,429,000. Invesco Ltd. raised its holdings in shares of Alexandria Real Estate Equities by 57.9% in the 4th quarter. Invesco Ltd. now owns 6,033,304 shares of the real estate investment trust’s stock worth $295,270,000 after acquiring an additional 2,211,424 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Alexandria Real Estate Equities by 1,022.1% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,813,955 shares of the real estate investment trust’s stock valued at $151,175,000 after acquiring an additional 1,652,298 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in Alexandria Real Estate Equities in the 2nd quarter valued at about $79,253,000. Institutional investors and hedge funds 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.