Citigroup Lowers Alexandria Real Estate Equities (NYSE:ARE) Price Target to $42.00

Key Points

• Citigroup cut its price target on Alexandria Real Estate Equities from $52.00 to $42.00 and kept a neutral rating, implying only about a 1.36% upside from the recent share price.
• The REIT reported Q1 EPS of $1.73 (in line) but missed revenue at $671.0M (vs. $684.8M), with revenue down 11.5% YoY and a negative net margin; management set FY2026 guidance of 6.30–6.50 EPS.
• Chairman Joel Marcus purchased 25,000 shares at $53.92, increasing his stake, while insiders own just 1.35% of stock and institutional investors hold roughly 96.54%.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) had its target price lowered by analysts at Citigroup from $52.00 to $42.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a "neutral" rating on the real estate investment trust's stock. Citigroup's price objective would suggest a potential upside of 1.36% from the company's current price.

ARE has been the topic of a number of other reports. The Goldman Sachs Group began coverage on shares of Alexandria Real Estate Equities in a research report on Tuesday, February 3rd. They issued a "neutral" rating and a $60.00 price target on the stock. Morgan Stanley cut their price target on shares of Alexandria Real Estate Equities from $55.00 to $54.00 and set an "equal weight" rating on the stock in a research report on Monday, February 9th. Cantor Fitzgerald cut their price target on shares of Alexandria Real Estate Equities from $60.00 to $43.00 and set a "neutral" rating on the stock in a research report on Wednesday. Mizuho dropped their target price on shares of Alexandria Real Estate Equities from $91.00 to $70.00 and set an "outperform" rating on the stock in a report on Friday, January 9th. Finally, Evercore dropped their target price on shares of Alexandria Real Estate Equities from $67.00 to $65.00 and set an "outperform" rating on the stock in a report on Monday, April 6th. Three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $55.08.

Alexandria Real Estate Equities Trading Up 2.3%

Shares of NYSE ARE traded up $0.93 during mid-day trading on Friday, hitting $41.44. The company's stock had a trading volume of 1,663,828 shares, compared to its average volume of 2,533,141. The stock has a market cap of $7.22 billion, a price-to-earnings ratio of -6.61, a price-to-earnings-growth ratio of 4.97 and a beta of 1.33. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.20 and a quick ratio of 0.23. Alexandria Real Estate Equities has a one year low of $39.41 and a one year high of $88.24. The company's fifty day simple moving average is $47.90 and its 200-day simple moving average is $52.79.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its earnings results on Monday, April 27th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.73. The company had revenue of $671.02 million for the quarter, compared to analyst estimates of $684.78 million. Alexandria Real Estate Equities had a negative net margin of 36.03% and a negative return on equity of 5.21%. The company's revenue for the quarter was down 11.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.30 EPS. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.300-6.500 EPS. On average, sell-side analysts anticipate that Alexandria Real Estate Equities will post 6.4 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus acquired 25,000 shares of the stock in a transaction dated Thursday, February 12th. The shares were bought at an average cost of $53.92 per share, for a total transaction of $1,348,000.00. Following the completion of the acquisition, the chairman directly owned 562,724 shares of the company's stock, valued at approximately $30,342,078.08. This trade represents a 4.65% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Hallie E. Kuhn sold 536 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $48.20, for a total transaction of $25,835.20. Following the completion of the sale, the executive vice president owned 48,301 shares in the company, valued at $2,328,108.20. This trade represents a 1.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.35% of the stock is owned by company insiders.

Hedge Funds Weigh In On Alexandria Real Estate Equities

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ARE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Alexandria Real Estate Equities by 102.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,245 shares of the real estate investment trust's stock worth $2,184,000 after purchasing an additional 11,762 shares during the period. NewEdge Advisors LLC boosted its position in shares of Alexandria Real Estate Equities by 4,261.1% in the first quarter. NewEdge Advisors LLC now owns 3,140 shares of the real estate investment trust's stock valued at $290,000 after acquiring an additional 3,068 shares during the period. Empowered Funds LLC boosted its position in shares of Alexandria Real Estate Equities by 4.8% in the first quarter. Empowered Funds LLC now owns 6,455 shares of the real estate investment trust's stock valued at $597,000 after acquiring an additional 296 shares during the period. Woodline Partners LP boosted its position in shares of Alexandria Real Estate Equities by 39.9% in the first quarter. Woodline Partners LP now owns 13,015 shares of the real estate investment trust's stock valued at $1,204,000 after acquiring an additional 3,714 shares during the period. Finally, Focus Partners Wealth boosted its position in shares of Alexandria Real Estate Equities by 171.5% in the first quarter. Focus Partners Wealth now owns 6,591 shares of the real estate investment trust's stock valued at $610,000 after acquiring an additional 4,163 shares during the period. 96.54% of the stock is owned by institutional investors.

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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