The Goldman Sachs Group Begins Coverage on Alexandria Real Estate Equities (NYSE:ARE)

Analysts at The Goldman Sachs Group initiated coverage on shares of Alexandria Real Estate Equities (NYSE:ARE) in a report released on Tuesday, Marketbeat Ratings reports. The firm set a “neutral” rating and a $60.00 price target on the real estate investment trust’s stock. The Goldman Sachs Group’s price target points to a potential upside of 10.73% from the company’s previous close.

A number of other research analysts also recently issued reports on the stock. Mizuho cut their target price on shares of Alexandria Real Estate Equities from $91.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, January 9th. Weiss Ratings restated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Alexandria Real Estate Equities from $53.00 to $55.00 and gave the stock a “hold” rating in a report on Monday. Morgan Stanley assumed coverage on Alexandria Real Estate Equities in a research note on Friday, January 9th. They issued an “equal weight” rating and a $55.00 price target on the stock. Finally, Citizens Jmp lowered Alexandria Real Estate Equities from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 13th. Five equities research 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. According to MarketBeat, Alexandria Real Estate Equities currently has a consensus rating of “Hold” and an average target price of $66.13.

Alexandria Real Estate Equities Stock Down 0.8%

NYSE:ARE opened at $54.19 on Tuesday. The company has a market cap of $9.39 billion, a price-to-earnings ratio of -6.42, a P/E/G ratio of 6.59 and a beta of 1.31. 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 stock’s fifty day moving average price is $51.67 and its two-hundred day moving average price is $66.32. Alexandria Real Estate Equities has a 52-week low of $44.10 and a 52-week high of $105.14.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, January 26th. The real estate investment trust reported $2.16 earnings per share for the quarter, topping 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 company had revenue of $754.41 million during the quarter, compared to the consensus estimate of $742.64 million. During the same quarter in the previous year, the company posted $2.39 earnings per share. The firm’s quarterly 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. On average, analysts anticipate 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 share buyback plan on Monday, December 8th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the real estate investment trust to buy up to 6.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership 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 on Wednesday, December 10th. The shares were purchased at an average cost of $45.60 per share, for a total transaction of $141,360.00. Following the completion of the acquisition, the director owned 8,392 shares in the company, valued at approximately $382,675.20. The trade was a 58.58% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.15% of the company’s stock.

Institutional Investors Weigh In On Alexandria Real Estate Equities

A number of hedge funds have recently modified their holdings of ARE. Norges Bank acquired a new position in shares of Alexandria Real Estate Equities in the 2nd quarter valued at approximately $1,195,306,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Alexandria Real Estate Equities by 1,022.1% in the third 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 buying an additional 1,652,298 shares in the last quarter. Menora Mivtachim Holdings LTD. bought a new position in Alexandria Real Estate Equities in the third quarter valued at approximately $61,255,000. Lasalle Investment Management Securities LLC boosted its holdings in shares of Alexandria Real Estate Equities by 89.2% in the second quarter. Lasalle Investment Management Securities LLC now owns 1,175,406 shares of the real estate investment trust’s stock valued at $85,370,000 after buying an additional 554,236 shares during the period. Finally, AQR Capital Management LLC increased its position in shares of Alexandria Real Estate Equities by 26.1% during the third quarter. AQR Capital Management LLC now owns 2,564,915 shares of the real estate investment trust’s stock worth $211,682,000 after acquiring an additional 531,668 shares in the last quarter. Institutional investors and hedge funds 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.