Alexandria Real Estate Equities (NYSE:ARE) Stock Price Target Cut by BNP Paribas Exane

Alexandria Real Estate Equities (NYSE:ARE) had its target price dropped by research analysts at BNP Paribas Exane from $48.00 to $40.00 in a research note issued on Tuesday. The firm currently has an “underperform” rating on the real estate investment trust’s stock. BNP Paribas Exane’s target price indicates a potential downside of 17.44% from the stock’s current price.

ARE has been the subject of a number of other research reports. Citigroup lifted their target price on Alexandria Real Estate Equities from $42.00 to $50.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Cantor Fitzgerald boosted their target price on shares of Alexandria Real Estate Equities from $43.00 to $52.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Morgan Stanley reaffirmed an “underweight” rating and set a $53.00 price target on shares of Alexandria Real Estate Equities in a research report on Thursday, June 11th. Citizens Jmp reiterated a “market perform” rating on shares of Alexandria Real Estate Equities in a research note on Monday, August 17th. Finally, JPMorgan Chase & Co. cut Alexandria Real Estate Equities from a “neutral” rating to an “underweight” rating and set a $56.00 price objective for the company. in a report on Thursday, September 24th. Two equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $52.31.

Alexandria Real Estate Equities Price Performance

Shares of ARE stock opened at $48.45 on Tuesday. The stock’s 50-day moving average is $51.20 and its 200 day moving average is $49.33. Alexandria Real Estate Equities has a 1-year low of $39.41 and a 1-year high of $85.37. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.19 and a quick ratio of 0.19. The company has a market cap 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 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 return on equity of 5.21% and a negative net margin of 36.08%.The business had revenue of $662.78 million for the quarter, compared to analysts’ expectations of $464.86 million. During the same quarter last year, the firm earned $2.33 earnings per share. The firm’s quarterly revenue was down 13.0% compared to the same quarter last year. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. Research analysts predict that Alexandria Real Estate Equities will post 6.39 earnings per share for the current fiscal year.

Insider Buying and Selling at Alexandria Real Estate Equities

In other news, EVP Kristina Fukuzaki-Carlson sold 16,810 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $50.51, for a total transaction of $849,073.10. Following the sale, the executive vice president owned 39,152 shares of the company’s stock, valued at approximately $1,977,567.52. The trade was a 30.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Joel Marcus purchased 5,000 shares of the firm’s stock in a transaction dated 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 purchase, the chairman owned 597,724 shares in the company, valued at approximately $29,694,928.32. The trade was a 0.84% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.35% of the stock is owned by insiders.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Several hedge funds have recently bought and sold shares of the company. Engineers Gate Manager LP boosted its position in Alexandria Real Estate Equities by 385.8% in the 2nd quarter. Engineers Gate Manager LP now owns 134,871 shares of the real estate investment trust’s stock valued at $7,128,000 after buying an additional 107,109 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in Alexandria Real Estate Equities by 164.7% in the second quarter. Integrated Wealth Concepts LLC now owns 20,519 shares of the real estate investment trust’s stock valued at $1,084,000 after purchasing an additional 12,767 shares during the period. NewEdge Advisors LLC grew its stake in Alexandria Real Estate Equities by 123.7% during the 2nd quarter. NewEdge Advisors LLC now owns 11,957 shares of the real estate investment trust’s stock worth $632,000 after purchasing an additional 6,611 shares in the last quarter. IFP Advisors Inc increased its holdings in Alexandria Real Estate Equities by 580.0% during the 2nd quarter. IFP Advisors Inc now owns 2,992 shares of the real estate investment trust’s stock worth $158,000 after purchasing an additional 2,552 shares during the period. Finally, Baird Financial Group Inc. acquired a new stake in Alexandria Real Estate Equities in the 2nd quarter valued at about $456,000. 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 focused on owning, operating and developing collaborative life science, agtech and advanced technology campuses. The company provides specialized laboratory, research and office space for organizations involved in biotechnology, pharmaceuticals, medical devices, diagnostics, healthcare and related fields.

Alexandria’s properties are designed to support innovation through purpose-built facilities, shared amenities and environments that encourage collaboration among companies, academic institutions, medical centers and research organizations.