Cantor Fitzgerald Begins Coverage on Alexandria Real Estate Equities (NYSE:ARE)

Key Points

• Alexandria Real Estate Equities (NYSE:ARE) has been upgraded to a "hold" rating by Cantor Fitzgerald, signaling a shift in investor sentiment.
• The stock has seen multiple price target adjustments, with current targets ranging from $82.00 to $100.00, reflecting mixed confidence among analysts.
• In its latest quarterly earnings, Alexandria Real Estate Equities reported $737.28 million in revenue, below expectations, and earnings per share of $2.33, slightly beating consensus estimates.

Equities researchers at Cantor Fitzgerald started coverage on shares of Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) in a research report issued on Wednesday, MarketBeat reports. The brokerage set a "neutral" rating and a $88.00 price target on the real estate investment trust's stock. Cantor Fitzgerald's price objective suggests a potential upside of 5.45% from the stock's current price.

Other equities analysts have also issued reports about the company. BMO Capital Markets initiated coverage on Alexandria Real Estate Equities in a research note on Tuesday, September 23rd. They set an "outperform" rating and a $100.00 price target for the company. BNP Paribas Exane reaffirmed an "underperform" rating on shares of Alexandria Real Estate Equities in a report on Wednesday. BNP Paribas downgraded Alexandria Real Estate Equities from a "hold" rating to a "strong sell" rating and set a $82.00 target price for the company. in a research report on Wednesday. Baird R W reduced their price target on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a research report on Thursday, June 12th. Finally, Mizuho lowered their price objective on shares of 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 two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $96.60.

Alexandria Real Estate Equities Stock Performance

ARE opened at $83.45 on Wednesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.23 and a current ratio of 0.23. The stock has a market capitalization of $14.43 billion, a price-to-earnings ratio of -641.95, a PEG ratio of 7.00 and a beta of 1.31. The company has a fifty day moving average of $80.92 and a 200 day moving average of $78.72. Alexandria Real Estate Equities has a fifty-two week low of $67.37 and a fifty-two week high of $123.10.

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, topping the consensus estimate of $2.29 by $0.04. The business had revenue of $737.28 million for the quarter, compared to analysts' expectations of $748.02 million. Alexandria Real Estate Equities had a negative net margin of 0.33% and a negative return on equity of 0.05%. The business's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.36 EPS. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. As a group, sell-side analysts forecast that Alexandria Real Estate Equities will post 9.32 earnings per share for the current fiscal year.

Institutional Trading of Alexandria Real Estate Equities

Several institutional investors have recently added to or reduced their stakes in ARE. Wealth Enhancement Advisory Services LLC grew its stake in shares of Alexandria Real Estate Equities by 146.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 11,236 shares of the real estate investment trust's stock valued at $1,096,000 after buying an additional 6,686 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Alexandria Real Estate Equities by 33.9% during the 4th quarter. Wellington Management Group LLP now owns 36,713 shares of the real estate investment trust's stock valued at $3,581,000 after acquiring an additional 9,295 shares during the period. GAMMA Investing LLC grew its position in Alexandria Real Estate Equities by 9,051.1% in the 1st quarter. GAMMA Investing LLC now owns 169,478 shares of the real estate investment trust's stock valued at $15,678,000 after acquiring an additional 167,626 shares during the last quarter. Parallel Advisors LLC increased its stake in Alexandria Real Estate Equities by 25.7% in the first quarter. Parallel Advisors LLC now owns 1,716 shares of the real estate investment trust's stock worth $159,000 after purchasing an additional 351 shares during the period. Finally, Rhumbline Advisers lifted its position in shares of Alexandria Real Estate Equities by 10.9% during the first quarter. Rhumbline Advisers now owns 332,331 shares of the real estate investment trust's stock worth $30,744,000 after purchasing an additional 32,608 shares during the last quarter. Institutional investors own 96.54% of the company's stock.

About Alexandria Real Estate Equities

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.