Alexandria Real Estate Equities (NYSE:ARE) Stock Rating Lowered by Zacks Research

Alexandria Real Estate Equities (NYSE:ARE) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Thursday,Zacks.com reports.

Several other research analysts also recently commented on the company. Jefferies Financial Group set a $62.00 price objective on Alexandria Real Estate Equities and gave the stock a “hold” rating in a report on Monday, November 3rd. Cantor Fitzgerald reduced their price target on Alexandria Real Estate Equities from $79.00 to $52.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 28th. Evercore ISI lowered their price objective on Alexandria Real Estate Equities from $104.00 to $74.00 in a research report on Friday, October 31st. Royal Bank Of Canada dropped their price objective on Alexandria Real Estate Equities from $98.00 to $65.00 and set a “sector perform” rating for the company in a research note on Monday, November 3rd. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $81.71.

Alexandria Real Estate Equities Price Performance

Shares of ARE traded up $2.47 during trading hours on Thursday, reaching $55.64. 2,936,770 shares of the company’s stock traded hands, compared to its average volume of 1,728,492. Alexandria Real Estate Equities has a 12 month low of $52.94 and a 12 month high of $114.69. The company has a current ratio of 0.24, a quick ratio of 0.23 and a debt-to-equity ratio of 0.65. The stock has a market cap of $9.62 billion, a PE ratio of -22.52, a price-to-earnings-growth ratio of 5.06 and a beta of 1.29. The firm’s 50 day simple moving average is $76.85 and its 200-day simple moving average is $75.61.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, October 27th. The real estate investment trust reported $2.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.09). Alexandria Real Estate Equities had a negative return on equity of 1.89% and a negative net margin of 13.43%.The company had revenue of $751.94 million during the quarter, compared to analysts’ expectations of $752.90 million. During the same quarter last year, the firm posted $2.37 earnings per share. The firm’s 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. Equities analysts expect that Alexandria Real Estate Equities will post 9.32 EPS for the current year.

Institutional Investors Weigh In On Alexandria Real Estate Equities

A number of hedge funds have recently modified their holdings of the business. Wealth Alliance LLC raised its position in shares of Alexandria Real Estate Equities by 8.2% during the 3rd quarter. Wealth Alliance LLC now owns 8,763 shares of the real estate investment trust’s stock valued at $730,000 after buying an additional 662 shares in the last quarter. Presima Securities ULC grew its stake in Alexandria Real Estate Equities by 77.7% in the 3rd quarter. Presima Securities ULC now owns 21,732 shares of the real estate investment trust’s stock worth $1,811,000 after acquiring an additional 9,503 shares in the last quarter. Syon Capital LLC purchased a new stake in shares of Alexandria Real Estate Equities in the 3rd quarter worth $500,000. NEOS Investment Management LLC grew its holdings in Alexandria Real Estate Equities by 76.8% during the 3rd quarter. NEOS Investment Management LLC now owns 29,085 shares of the real estate investment trust’s stock worth $2,424,000 after acquiring an additional 12,633 shares in the last quarter. Finally, Rothschild Investment LLC increased its holdings in Alexandria Real Estate Equities by 37.3% during the third quarter. Rothschild Investment LLC now owns 30,375 shares of the real estate investment trust’s stock valued at $2,531,000 after buying an additional 8,245 shares during the period. 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.