Alexandria Real Estate Equities (NYSE:ARE) Earns Underperform Rating from BNP Paribas Exane

Key Points

• BNP Paribas Exane has restated its "underperform" rating on Alexandria Real Estate Equities (NYSE:ARE), indicating a lack of optimism about the stock's future performance.
• Multiple analysts have adjusted their target prices for Alexandria Real Estate Equities, with estimates ranging from $91.00 to $104.00, and an average consensus target price of $97.64.
• In the recent quarter, Alexandria reported an EPS of $2.33, exceeding estimates, but its revenue of $737.28 million fell short of analyst forecasts, suggesting potential challenges ahead.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report)'s stock had its "underperform" rating restated by equities research analysts at BNP Paribas Exane in a research note issued to investors on Wednesday, MarketBeat Ratings reports.

Other analysts have also issued reports about the company. Royal Bank Of Canada dropped their target price on Alexandria Real Estate Equities from $100.00 to $98.00 and set a "sector perform" rating on the stock in a report on Tuesday, July 29th. BMO Capital Markets initiated coverage on Alexandria Real Estate Equities in a research report on Tuesday, September 23rd. They set an "outperform" rating and a $100.00 price target on the stock. Baird R W lowered their price target on Alexandria Real Estate Equities from $129.00 to $102.00 in a research report on Thursday, June 12th. Evercore ISI upgraded Alexandria Real Estate Equities from an "in-line" rating to an "outperform" rating and increased their price target for the stock from $91.00 to $104.00 in a research report on Monday, September 15th. Finally, Mizuho lowered their price target on Alexandria Real Estate Equities from $121.00 to $91.00 in a research report on Thursday, June 12th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $97.64.

Alexandria Real Estate Equities Stock Down 1.3%

Alexandria Real Estate Equities stock opened at $83.31 on Wednesday. The firm has a market cap of $14.41 billion, a price-to-earnings ratio of -640.85, a price-to-earnings-growth ratio of 7.09 and a beta of 1.30. Alexandria Real Estate Equities has a 52 week low of $67.37 and a 52 week high of $123.10. The business's 50-day moving average price is $80.92 and its 200 day moving average price is $78.69. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.61.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its earnings results on Monday, July 21st. The real estate investment trust reported $2.33 EPS for the quarter, topping the consensus estimate of $2.29 by $0.04. The firm had revenue of $737.28 million for the quarter, compared to analyst estimates of $748.02 million. Alexandria Real Estate Equities had a negative return on equity of 0.05% and a negative net margin of 0.33%.Alexandria Real Estate Equities's revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the company earned $2.36 earnings per share. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. As a group, sell-side analysts anticipate that Alexandria Real Estate Equities will post 9.32 earnings per share for the current year.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Institutional investors have recently added to or reduced their stakes in the stock. Sound Income Strategies LLC purchased a new position in Alexandria Real Estate Equities during the second quarter worth approximately $25,000. Loomis Sayles & Co. L P purchased a new position in Alexandria Real Estate Equities during the second quarter worth approximately $27,000. American National Bank & Trust purchased a new position in Alexandria Real Estate Equities during the second quarter worth approximately $29,000. Tsfg LLC purchased a new position in Alexandria Real Estate Equities during the first quarter worth approximately $30,000. Finally, CYBER HORNET ETFs LLC purchased a new position in Alexandria Real Estate Equities during the second quarter worth approximately $30,000. Hedge funds and other institutional investors own 96.54% of the company's stock.

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.

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