Royal Bank Of Canada Has Lowered Expectations for Alexandria Real Estate Equities (NYSE:ARE) Stock Price

Alexandria Real Estate Equities (NYSE:ARE) had its price target reduced by equities researchers at Royal Bank Of Canada from $98.00 to $65.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “sector perform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 14.98% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Jefferies Financial Group set a $62.00 target price on shares of Alexandria Real Estate Equities and gave the stock a “hold” rating in a report on Monday. Evercore ISI reduced their target price on shares of Alexandria Real Estate Equities from $104.00 to $74.00 in a research report on Friday. BMO Capital Markets began coverage on shares of Alexandria Real Estate Equities in a research report on Tuesday, September 23rd. They set an “outperform” rating and a $100.00 target price on the stock. Cantor Fitzgerald cut their target price on shares of Alexandria Real Estate Equities from $79.00 to $52.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 28th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $86.93.

Alexandria Real Estate Equities Stock Down 2.9%

Alexandria Real Estate Equities stock opened at $56.53 on Monday. The firm has a market cap of $9.77 billion, a price-to-earnings ratio of -22.89, a P/E/G ratio of 5.06 and a beta of 1.31. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.24 and a quick ratio of 0.23. Alexandria Real Estate Equities has a fifty-two week low of $55.02 and a fifty-two week high of $116.52. The firm has a fifty day moving average price of $79.54 and a two-hundred day moving average price of $76.38.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, October 27th. The real estate investment trust reported $2.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.09). Alexandria Real Estate Equities had a negative return on equity of 1.89% and a negative net margin of 13.43%.The company had revenue of $751.94 million for the quarter, compared to the consensus estimate of $752.90 million. During the same period last year, the firm posted $2.37 EPS. The company’s revenue was down 5.0% compared to the same quarter last year. Alexandria Real Estate Equities has set its FY 2025 guidance at 8.980-9.040 EPS. As a group, analysts forecast that Alexandria Real Estate Equities will post 9.32 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Analyst IMS Investment Management Services Ltd. increased its position in Alexandria Real Estate Equities by 48.3% during the 2nd quarter. Analyst IMS Investment Management Services Ltd. now owns 721,671 shares of the real estate investment trust’s stock valued at $52,415,000 after purchasing an additional 235,093 shares during the period. Private Trust Co. NA increased its holdings in shares of Alexandria Real Estate Equities by 19.2% during the 1st quarter. Private Trust Co. NA now owns 925 shares of the real estate investment trust’s stock valued at $86,000 after purchasing an additional 149 shares in the last quarter. SYM FINANCIAL Corp purchased a new position in shares of Alexandria Real Estate Equities during the 2nd quarter valued at approximately $359,000. American Assets Investment Management LLC purchased a new position in shares of Alexandria Real Estate Equities during the 1st quarter valued at approximately $569,000. Finally, Focus Partners Advisor Solutions LLC purchased a new stake in Alexandria Real Estate Equities in the 2nd quarter worth $743,000. 96.54% of the stock is owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc (NYSE: ARE), an S&P 500 company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. As the pioneer of the life science real estate niche since our founding in 1994, Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative life science, agtech, and advanced technology mega campuses in AAA innovation cluster locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.