Alexandria Real Estate Equities (NYSE:ARE) Price Target Lowered to $45.00 at Deutsche Bank Aktiengesellschaft

Alexandria Real Estate Equities (NYSE:ARE) had its price target lowered by research analysts at Deutsche Bank Aktiengesellschaft from $83.00 to $45.00 in a report released on Friday,MarketScreener reports. The firm currently has a “hold” rating on the real estate investment trust’s stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential downside of 7.94% from the company’s previous close.

ARE has been the subject of several other research reports. 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, October 1st. Jefferies Financial Group lowered their price objective on shares of Alexandria Real Estate Equities from $62.00 to $47.00 and set a “hold” rating for the company in a research report on Monday. Robert W. Baird reduced their target price on shares of Alexandria Real Estate Equities from $73.00 to $67.00 and set an “outperform” rating on the stock in a research report on Thursday, December 4th. Cantor Fitzgerald lowered their price target on shares of Alexandria Real Estate Equities from $52.00 to $48.00 and set a “neutral” rating for the company in a report on Friday, December 5th. Finally, Royal Bank Of Canada cut their price objective on shares of Alexandria Real Estate Equities from $98.00 to $65.00 and set a “sector perform” rating on the stock in a report on Monday, November 3rd. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $69.60.

Alexandria Real Estate Equities Price Performance

ARE stock opened at $48.88 on Friday. The stock has a 50-day moving average price of $57.46 and a two-hundred day moving average price of $71.07. The company has a market cap of $8.45 billion, a PE ratio of -19.79, a price-to-earnings-growth ratio of 4.10 and a beta of 1.32. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.65. Alexandria Real Estate Equities has a 12-month low of $44.10 and a 12-month high of $105.14.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $2.22 earnings per share for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.09). Alexandria Real Estate Equities had a negative net margin of 13.43% and a negative return on equity of 1.89%. The business had revenue of $751.94 million for the quarter, compared to analyst estimates of $752.90 million. During the same period last year, the firm earned $2.37 earnings per share. The company’s quarterly revenue was down 5.0% on a year-over-year basis. Alexandria Real Estate Equities has set its FY 2025 guidance at 8.980-9.040 EPS. As a group, research analysts predict that Alexandria Real Estate Equities will post 9.32 EPS for the current year.

Alexandria Real Estate Equities declared that its board has approved a stock buyback plan on Monday, December 8th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to reacquire up to 6.4% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Insider Activity

In related news, Director Sheila K. Mcgrath acquired 3,100 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The stock was acquired at an average cost of $45.60 per share, for a total transaction of $141,360.00. Following the completion of the acquisition, the director directly owned 8,392 shares of the company’s stock, valued at approximately $382,675.20. The trade was a 58.58% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.08% of the stock is owned by company insiders.

Hedge Funds Weigh In On Alexandria Real Estate Equities

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ARE. Sound Income Strategies LLC acquired a new stake in Alexandria Real Estate Equities during the second quarter valued at approximately $25,000. Loomis Sayles & Co. L P purchased a new stake in shares of Alexandria Real Estate Equities in the 2nd quarter valued at approximately $27,000. American National Bank & Trust acquired a new position in Alexandria Real Estate Equities in the 2nd quarter worth approximately $29,000. Avalon Trust Co purchased a new position in Alexandria Real Estate Equities during the 3rd quarter worth approximately $29,000. Finally, Cornerstone Planning Group LLC grew its holdings in shares of Alexandria Real Estate Equities by 5,916.7% during the third quarter. Cornerstone Planning Group LLC now owns 361 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 355 shares in the last quarter. 96.54% of the stock is owned by institutional investors.

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.