Citizens Jmp Reaffirms Market Perform Rating for Alexandria Real Estate Equities (NYSE:ARE)

Key Points

• Citizens JMP reaffirmed its “market perform” rating on Alexandria Real Estate Equities (NYSE: ARE). Overall analyst sentiment remains cautious, with an average “Reduce” rating and an average price target of $52.62.
• ARE opened at $48.12, with a market capitalization of approximately $8.39 billion. Its shares have traded between $39.41 and $88.24 over the past year.
• The REIT reported quarterly revenue of $662.78 million but posted a loss of $0.43 per share, missing the $0.09 consensus estimate; revenue declined 13% year over year. Institutional investors and hedge funds own approximately 96.54% of the stock.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report)'s stock had its "market perform" rating reaffirmed by analysts at Citizens Jmp in a research report issued to clients and investors on Monday,Benzinga reports.

Other equities research analysts also recently issued reports about the company. Royal Bank Of Canada lowered their price target on Alexandria Real Estate Equities from $60.00 to $50.00 and set a "sector perform" rating on the stock in a research report on Tuesday, May 5th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $52.00 target price on shares of Alexandria Real Estate Equities in a research report on Tuesday, May 19th. BNP Paribas Exane raised their price target on shares of Alexandria Real Estate Equities from $45.00 to $48.00 and gave the stock an "underperform" rating in a research report on Wednesday, August 5th. Wall Street Zen lowered Alexandria Real Estate Equities from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. Finally, Cantor Fitzgerald raised their price objective on Alexandria Real Estate Equities from $43.00 to $52.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. Two research 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. According to MarketBeat.com, Alexandria Real Estate Equities presently has an average rating of "Reduce" and an average target price of $52.62.

Alexandria Real Estate Equities Price Performance

NYSE ARE opened at $48.12 on Monday. The firm has a market cap of $8.39 billion, a P/E ratio of -7.94 and a beta of 1.15. The stock's 50-day moving average is $50.82 and its two-hundred day moving average is $49.78. Alexandria Real Estate Equities has a fifty-two week low of $39.41 and a fifty-two week 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.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its earnings results on Monday, August 3rd. The real estate investment trust reported ($0.43) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.52). Alexandria Real Estate Equities had a negative return on equity of 5.21% and a negative net margin of 36.08%.The company had revenue of $662.78 million during the quarter, compared to analyst estimates of $464.86 million. During the same quarter last year, the firm posted $2.33 earnings per share. The firm's revenue for the quarter 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. On average, analysts anticipate that Alexandria Real Estate Equities will post 6.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Alexandria Real Estate Equities news, CFO Marc E. Binda sold 2,000 shares of the business's 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 directly owned 188,264 shares of the company's stock, valued at approximately $10,166,256. The trade was a 1.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.35% of the company's stock.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Several large investors have recently made changes to their positions in ARE. Bamco Inc. NY acquired a new position in Alexandria Real Estate Equities during the 2nd quarter valued at about $17,767,000. Bank of America Corp DE acquired a new stake in Alexandria Real Estate Equities during the 2nd quarter worth $61,516,000. Caisse de depot et placement du Quebec bought a new position in shares of Alexandria Real Estate Equities in the 2nd quarter worth $21,863,000. Man Group plc acquired a new stake in shares of Alexandria Real Estate Equities during the second quarter worth $4,994,000. Finally, First Bancorp Inc ME bought a new stake in Alexandria Real Estate Equities in the second quarter valued at about $26,000. Institutional investors and hedge funds 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.

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