Alexandria Real Estate Equities (NYSE:ARE) Price Target Cut to $79.00 by Analysts at Cantor Fitzgerald

Key Points

• Cantor Fitzgerald has cut the price target for Alexandria Real Estate Equities from $88.00 to $79.00, maintaining a "neutral" rating, which suggests a potential upside of 6.79% from its previous close.
• Other analysts have also adjusted their ratings, with Weiss Ratings issuing a "sell" rating and BNP Paribas downgrading to a "strong sell" with a target of $82.00, indicating mixed analyst sentiment towards the stock.
• Shares of Alexandria Real Estate Equities are currently trading at $73.98, down 0.6%, with a market capitalization of $12.80 billion and a 52-week range between $67.37 and $123.10.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) had its price target lowered by Cantor Fitzgerald from $88.00 to $79.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a "neutral" rating on the real estate investment trust's stock. Cantor Fitzgerald's target price points to a potential upside of 6.79% from the company's previous close.

A number of other equities analysts also recently commented on ARE. Weiss Ratings reissued a "sell (d)" rating on shares of Alexandria Real Estate Equities in a research note on Wednesday, October 8th. BNP Paribas downgraded Alexandria Real Estate Equities from a "hold" rating to a "strong sell" rating and set a $82.00 target price on the stock. in a research note on Wednesday, October 1st. Jefferies Financial Group started coverage on Alexandria Real Estate Equities in a research note on Monday, October 6th. They issued a "hold" rating and a $80.00 price target for the company. Royal Bank Of Canada dropped their price target on Alexandria Real Estate Equities from $100.00 to $98.00 and set a "sector perform" rating on the stock in a research note on Tuesday, July 29th. Finally, BNP Paribas Exane reiterated an "underperform" rating on shares of Alexandria Real Estate Equities in a research note on Wednesday, October 1st. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Alexandria Real Estate Equities currently has a consensus rating of "Hold" and a consensus price target of $95.87.

Alexandria Real Estate Equities Stock Down 0.6%

Shares of NYSE ARE opened at $73.98 on Monday. Alexandria Real Estate Equities has a 52-week low of $67.37 and a 52-week high of $123.10. The firm has a market capitalization of $12.80 billion, a price-to-earnings ratio of -569.08, a PEG ratio of 6.21 and a beta of 1.31. The stock has a 50 day moving average price of $80.83 and a 200 day moving average price of $77.55. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.23 and a current ratio of 0.23.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $2.33 EPS for the quarter, beating 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%.The business's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the firm posted $2.36 earnings per share. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. Sell-side analysts expect that Alexandria Real Estate Equities will post 9.32 earnings per share for the current year.

Institutional Investors Weigh In On Alexandria Real Estate Equities

Several hedge funds and other institutional investors have recently made changes to their positions in ARE. Private Trust Co. NA raised its holdings in Alexandria Real Estate Equities by 19.2% during the first quarter. Private Trust Co. NA now owns 925 shares of the real estate investment trust's stock worth $86,000 after purchasing an additional 149 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Alexandria Real Estate Equities by 16.4% in the 1st quarter. Farther Finance Advisors LLC now owns 1,084 shares of the real estate investment trust's stock valued at $99,000 after buying an additional 153 shares during the period. Presima Securities ULC boosted its stake in shares of Alexandria Real Estate Equities by 1.4% in the first quarter. Presima Securities ULC now owns 11,895 shares of the real estate investment trust's stock valued at $1,100,000 after buying an additional 170 shares in the last quarter. CX Institutional lifted its holdings in Alexandria Real Estate Equities by 13.8% in the second quarter. CX Institutional now owns 1,445 shares of the real estate investment trust's stock valued at $105,000 after acquiring an additional 175 shares during the period. Finally, Investor s Fiduciary Advisor Network LLC boosted its stake in shares of Alexandria Real Estate Equities by 3.8% during the 1st quarter. Investor s Fiduciary Advisor Network LLC now owns 4,941 shares of the real estate investment trust's stock worth $457,000 after acquiring an additional 180 shares in the last quarter. 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, 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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