BMO Capital Markets Downgrades Alexandria Real Estate Equities (NYSE:ARE) to Market Perform

Alexandria Real Estate Equities (NYSE:ARE) was downgraded by research analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a report released on Wednesday,Finviz reports. They currently have a $52.00 price objective on the real estate investment trust’s stock. BMO Capital Markets’ target price would indicate a potential upside of 9.86% from the company’s previous close.

Several other brokerages have also commented on ARE. Cantor Fitzgerald increased their price objective on Alexandria Real Estate Equities from $46.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Evercore boosted their target price on Alexandria Real Estate Equities from $64.00 to $67.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 28th. The Goldman Sachs Group assumed 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 on the stock. Morgan Stanley decreased their price target on Alexandria Real Estate Equities from $55.00 to $54.00 and set an “equal weight” rating for the company in a research note on Monday, February 9th. Finally, Citigroup lowered their price target on Alexandria Real Estate Equities from $61.00 to $52.00 and set a “neutral” rating for the company in a report on Thursday, December 4th. Three analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Alexandria Real Estate Equities currently has an average rating of “Hold” and an average target price of $64.47.

Alexandria Real Estate Equities Trading Down 1.7%

NYSE ARE opened at $47.33 on Wednesday. Alexandria Real Estate Equities has a 52 week low of $44.10 and a 52 week high of $97.67. The company has a 50 day moving average price of $53.51 and a 200 day moving average price of $59.60. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.65. The firm has a market cap of $8.20 billion, a PE ratio of -5.61, a price-to-earnings-growth ratio of 5.82 and a beta of 1.31.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, January 26th. The real estate investment trust reported $2.16 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.01. Alexandria Real Estate Equities had a negative net margin of 47.23% and a negative return on equity of 6.82%. The company had revenue of $754.41 million during the quarter, compared to the consensus estimate of $742.64 million. During the same period last year, the firm earned $2.39 earnings per share. Alexandria Real Estate Equities’s revenue was down 4.4% compared to the same quarter last year. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, sell-side analysts forecast that Alexandria Real Estate Equities will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities declared that its board has initiated a stock repurchase plan on Monday, December 8th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to purchase up to 6.4% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Transactions at Alexandria Real Estate Equities

In other news, Chairman Joel S. Marcus purchased 25,000 shares of the stock in a transaction on Thursday, February 12th. The stock was bought at an average price of $53.92 per share, with a total value of $1,348,000.00. Following the transaction, the chairman owned 562,724 shares in the company, valued at $30,342,078.08. The trade was a 4.65% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.15% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Hsbc Holdings PLC boosted its position in Alexandria Real Estate Equities by 92.9% in the fourth quarter. Hsbc Holdings PLC now owns 1,056,161 shares of the real estate investment trust’s stock valued at $51,666,000 after buying an additional 508,578 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in Alexandria Real Estate Equities by 44.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,660 shares of the real estate investment trust’s stock worth $228,000 after buying an additional 1,431 shares during the last quarter. Corient Private Wealth LLC lifted its stake in Alexandria Real Estate Equities by 52.9% during the 4th quarter. Corient Private Wealth LLC now owns 36,557 shares of the real estate investment trust’s stock valued at $1,790,000 after acquiring an additional 12,649 shares during the period. Flax Pond Capital LLC purchased a new stake in shares of Alexandria Real Estate Equities in the 4th quarter valued at $2,809,000. Finally, Alpine Global Management LLC purchased a new stake in shares of Alexandria Real Estate Equities in the 4th quarter valued at $201,000. 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.