Alexandria Real Estate Equities (NYSE:ARE) Price Target Raised to $52.00

Key Points

• Robert W. Baird raised Alexandria Real Estate Equities’ price target from $46 to $52 while maintaining a neutral rating; the new target implies about 2.66% downside from the stock’s $53.42 price.
• Analyst sentiment remains cautious, with 11 hold ratings, three sells and two buys. MarketBeat reports an average rating of “Reduce” and a consensus price target of $52.85.
• Alexandria’s latest quarterly results missed expectations, reporting a $0.43 loss per share versus the anticipated $0.09 profit, while revenue fell 13% year over year to $662.78 million. Chairman Joel S. Marcus separately bought 5,000 shares.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) had its price objective hoisted by Robert W. Baird from $46.00 to $52.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the real estate investment trust's stock. Robert W. Baird's price target would indicate a potential downside of 2.66% from the stock's current price.

A number of other brokerages also recently issued reports on ARE. Cantor Fitzgerald lifted their price target on shares of Alexandria Real Estate Equities from $43.00 to $52.00 and gave the company a "neutral" rating in a report on Wednesday, August 5th. Royal Bank Of Canada dropped their price objective on shares of Alexandria Real Estate Equities from $60.00 to $50.00 and set a "sector perform" rating for the company in a report on Tuesday, May 5th. Zacks Research upgraded Alexandria Real Estate Equities from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 19th. BMO Capital Markets lifted their target price on Alexandria Real Estate Equities from $52.00 to $54.00 and gave the stock a "market perform" rating in a report on Friday, June 12th. Finally, Citizens Jmp reiterated a "market perform" rating on shares of Alexandria Real Estate Equities in a research report on Monday, August 17th. Two investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Alexandria Real Estate Equities has an average rating of "Reduce" and a consensus price target of $52.85.

Alexandria Real Estate Equities Trading Down 0.1%

ARE stock opened at $53.42 on Monday. Alexandria Real Estate Equities has a 1-year low of $39.41 and a 1-year high of $88.24. 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 capitalization of $9.31 billion, a price-to-earnings ratio of -8.82 and a beta of 1.15. The business has a 50 day simple moving average of $50.58 and a two-hundred day simple moving average of $49.60.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported ($0.43) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.52). Alexandria Real Estate Equities had a negative net margin of 36.08% and a negative return on equity of 5.21%. The company had revenue of $662.78 million for the quarter, compared to analysts' expectations of $464.86 million. During the same period last year, the business earned $2.33 earnings per share. The company'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 anticipate that Alexandria Real Estate Equities will post 6.38 EPS for the current fiscal year.

Insiders Place Their Bets

In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus bought 5,000 shares of Alexandria Real Estate Equities stock in a transaction dated Monday, August 17th. The shares were purchased at an average cost of $46.28 per share, for a total transaction of $231,400.00. Following the acquisition, the chairman directly owned 592,724 shares in the company, valued at approximately $27,431,266.72. This represents a 0.85% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Marc E. Binda sold 2,000 shares of the company's stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $54.00, for a total transaction of $108,000.00. Following the sale, the chief financial officer owned 188,264 shares in the company, valued at $10,166,256. This represents a 1.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.35% of the company's stock.

Hedge Funds Weigh In On Alexandria Real Estate Equities

A number of institutional investors and hedge funds have recently modified their holdings of ARE. FNY Investment Advisers LLC bought a new stake in Alexandria Real Estate Equities in the second quarter worth $26,000. First Bancorp Inc ME purchased a new stake in Alexandria Real Estate Equities in the 2nd quarter worth about $26,000. Basecamp Wealth Advisors LLC lifted its stake in Alexandria Real Estate Equities by 3,723.5% in the first quarter. Basecamp Wealth Advisors LLC now owns 650 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 633 shares during the last quarter. CYBER HORNET ETFs LLC bought a new stake in Alexandria Real Estate Equities in the second quarter worth about $30,000. Finally, BOKF NA boosted its position in shares of Alexandria Real Estate Equities by 6,033.3% during the third quarter. BOKF NA now owns 368 shares of the real estate investment trust's stock valued at $31,000 after buying an additional 362 shares during the period. Hedge funds and other institutional investors own 96.54% of the company's stock.

About Alexandria Real Estate Equities

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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