Alexandria Real Estate Equities (NYSE:ARE) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Alexandria Real Estate Equities from “hold” to “sell,” while the broader analyst consensus is “Reduce” with an average price target of $52.
• ARE reported a quarterly loss of $0.43 per share, missing the $0.09 consensus estimate, while revenue fell 13% year over year to $662.78 million.
• The stock opened at $49.74 and has traded between $39.41 and $88.24 over the past year; institutional investors own a substantial 96.54% of its shares.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Saturday.

Several other analysts have also recently commented on ARE. Jefferies Financial Group reduced their target price on shares of Alexandria Real Estate Equities from $57.00 to $47.00 and set a "hold" rating for the company in a research note on Tuesday, April 14th. Citigroup reiterated a "market perform" rating on shares of Alexandria Real Estate Equities in a research note on Monday, July 27th. Robert W. Baird reissued a "neutral" rating and set a $46.00 price target (down from $67.00) on shares of Alexandria Real Estate Equities in a report on Monday, May 4th. Mizuho reduced their price objective on shares of Alexandria Real Estate Equities from $70.00 to $60.00 and set an "outperform" rating for the company in a research report on Monday, July 6th. Finally, Zacks Research lowered Alexandria Real Estate Equities from a "hold" rating to a "strong sell" rating in a report on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Alexandria Real Estate Equities has a consensus rating of "Reduce" and a consensus target price of $52.00.

Alexandria Real Estate Equities Price Performance

Alexandria Real Estate Equities stock opened at $49.74 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.19 and a quick ratio of 0.20. The business has a 50 day simple moving average of $51.14 and a 200-day simple moving average of $50.19. Alexandria Real Estate Equities has a 12 month low of $39.41 and a 12 month high of $88.24. The stock has a market capitalization of $8.67 billion, a PE ratio of -8.21, a price-to-earnings-growth ratio of 5.90 and a beta of 1.15.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported ($0.43) earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by ($0.52). The firm had revenue of $662.78 million during the quarter, compared to analysts' expectations of $464.86 million. Alexandria Real Estate Equities had a negative net margin of 36.08% and a negative return on equity of 5.21%. The business's quarterly revenue was down 13.0% on a year-over-year basis. During the same quarter last year, the business earned $2.33 earnings per share. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. Equities analysts predict that Alexandria Real Estate Equities will post 6.37 earnings per share for the current year.

Insider Buying and Selling at Alexandria Real Estate Equities

In other news, CFO Marc E. Binda sold 2,000 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $54.00, for a total value of $108,000.00. Following the completion of the transaction, the chief financial officer owned 188,264 shares in the company, valued at $10,166,256. This trade represents a 1.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.35% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in Alexandria Real Estate Equities during the second quarter worth $1,146,423,000. Norges Bank purchased a new stake in Alexandria Real Estate Equities during the fourth quarter worth $805,429,000. Invesco Ltd. boosted its position in Alexandria Real Estate Equities by 57.9% during the fourth quarter. Invesco Ltd. now owns 6,033,304 shares of the real estate investment trust's stock worth $295,270,000 after purchasing an additional 2,211,424 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Alexandria Real Estate Equities by 1,022.1% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,813,955 shares of the real estate investment trust's stock valued at $151,175,000 after purchasing an additional 1,652,298 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of Alexandria Real Estate Equities during the 2nd quarter worth $79,253,000. 96.54% of the stock is currently 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.

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