Alexandria Real Estate Equities (NYSE:ARE) Stock Price Target Cut by BMO Capital Markets

Alexandria Real Estate Equities (NYSE:ARE) had its target price reduced by stock analysts at BMO Capital Markets from $52.00 to $48.00 in a note issued to investors on Monday. The brokerage currently has a “market perform” rating on the real estate investment trust’s stock. BMO Capital Markets’ target price would suggest a potential downside of 0.93% from the stock’s current price.

A number of other research firms have also weighed in on ARE. Citizens Jmp reiterated a “market perform” rating on shares of Alexandria Real Estate Equities in a report on Monday, August 17th. Citigroup raised their target price on Alexandria Real Estate Equities from $42.00 to $50.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. Zacks Research upgraded Alexandria Real Estate Equities from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 19th. Jefferies Financial Group lowered their price target on Alexandria Real Estate Equities from $47.00 to $46.00 and set a “hold” rating for the company in a research report on Thursday, September 24th. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $53.00 price objective on shares of Alexandria Real Estate Equities in a report on Thursday, June 11th. Two analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $52.92.

Alexandria Real Estate Equities Trading Down 0.4%

NYSE:ARE opened at $48.45 on Monday. The company has a fifty day moving average of $51.20 and a 200 day moving average of $49.33. Alexandria Real Estate Equities has a 52 week low of $39.41 and a 52 week high of $85.37. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $8.44 billion, a P/E ratio of -8.00 and a beta of 1.15.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, August 3rd. The real estate investment trust reported ($0.43) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.52). Alexandria Real Estate Equities had a negative net margin of 36.08% and a negative return on equity of 5.21%. The firm had revenue of $662.78 million for the quarter, compared to analysts’ expectations of $464.86 million. During the same period in the previous year, the company 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. On average, research analysts predict that Alexandria Real Estate Equities will post 6.39 earnings per share for the current year.

Insider Activity

In related news, Chairman Joel Marcus acquired 5,000 shares of the stock in a transaction on Friday, September 11th. The stock was acquired at an average cost of $49.68 per share, for a total transaction of $248,400.00. Following the completion of the acquisition, the chairman directly owned 597,724 shares of the company’s stock, valued at approximately $29,694,928.32. This represents a 0.84% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Andres Gavinet sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $50.93, for a total transaction of $509,300.00. Following the completion of the sale, the chief accounting officer owned 102,516 shares of the company’s stock, valued at $5,221,139.88. This trade represents a 8.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.35% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ARE. FNY Investment Advisers LLC bought a new stake in shares of Alexandria Real Estate Equities during the second quarter valued at approximately $26,000. First Bancorp Inc ME purchased a new stake in Alexandria Real Estate Equities in the second quarter worth $26,000. Basecamp Wealth Advisors LLC raised its holdings in Alexandria Real Estate Equities by 3,723.5% in the first quarter. Basecamp Wealth Advisors LLC now owns 650 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 633 shares in the last quarter. Danske Bank A S bought a new position in Alexandria Real Estate Equities in the second quarter worth $42,000. Finally, Compass Financial Management LLC bought a new position in Alexandria Real Estate Equities in the second quarter worth $57,000. 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 that owns, operates and develops collaborative life science, agtech and advanced technology campuses. The company provides specialized laboratory, research and office space designed to support organizations working in biotechnology, pharmaceuticals, medical devices, diagnostics, agriculture and related technology fields.

Founded in 1994, Alexandria focuses on properties located in established innovation clusters, where its campuses bring together research institutions, universities, hospitals, government agencies, start-ups and established companies.