BMO Capital Markets Issues Positive Forecast for Alexandria Real Estate Equities (NYSE:ARE) Stock Price

Alexandria Real Estate Equities (NYSE:ARE) had its target price raised by research analysts at BMO Capital Markets from $52.00 to $54.00 in a research report issued to clients and investors on Friday,MarketScreener reports. BMO Capital Markets’ target price points to a potential upside of 2.47% from the stock’s previous close.

A number of other research analysts have also recently weighed in on ARE. Morgan Stanley reissued an “underweight” rating and set a $53.00 price objective on shares of Alexandria Real Estate Equities in a research note on Thursday. Cantor Fitzgerald lowered their target price on Alexandria Real Estate Equities from $60.00 to $43.00 and set a “neutral” rating on the stock in a report on Wednesday, April 29th. Weiss Ratings reissued a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research report on Monday, April 20th. JPMorgan Chase & Co. reduced their price objective on Alexandria Real Estate Equities from $63.00 to $57.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 10th. Finally, BNP Paribas Exane decreased their price objective on Alexandria Real Estate Equities from $50.00 to $44.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 28th. Three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $51.62.

Alexandria Real Estate Equities Trading Down 0.1%

NYSE:ARE opened at $52.70 on Friday. Alexandria Real Estate Equities has a 52-week low of $39.41 and a 52-week high of $88.24. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.65. The stock has a fifty day simple moving average of $46.95 and a 200-day simple moving average of $49.97. The company has a market capitalization of $9.18 billion, a PE ratio of -8.39, a price-to-earnings-growth ratio of 6.34 and a beta of 1.19.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $1.73 EPS for the quarter, meeting analysts’ consensus estimates of $1.73. The firm had revenue of $671.02 million for the quarter, compared to analysts’ expectations 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 firm’s revenue was down 11.5% on a year-over-year basis. During the same period in the prior year, the company earned $2.30 EPS. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.300-6.500 EPS. On average, equities research analysts expect that Alexandria Real Estate Equities will post 6.4 earnings per share for the current fiscal year.

Insider Activity at Alexandria Real Estate Equities

In related news, Chairman Joel S. Marcus purchased 7,500 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were bought at an average price of $42.72 per share, with a total value of $320,400.00. Following the completion of the purchase, the chairman directly owned 587,724 shares in the company, valued at approximately $25,107,569.28. This trade represents a 1.29% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Gregory Calvin Thomas bought 3,500 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The shares were bought at an average price of $41.00 per share, for a total transaction of $143,500.00. Following the completion of the acquisition, the executive vice president owned 33,024 shares in the company, valued at approximately $1,353,984. This trade represents a 11.85% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 1.35% of the company’s stock.

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. Avalon Trust Co acquired a new position in shares of Alexandria Real Estate Equities in the third quarter worth about $29,000. CYBER HORNET ETFs LLC purchased a new stake in Alexandria Real Estate Equities during the 2nd quarter worth approximately $30,000. BOKF NA raised its position in shares of Alexandria Real Estate Equities by 6,033.3% in the 3rd quarter. BOKF NA now owns 368 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 362 shares in the last quarter. MUFG Securities EMEA plc acquired a new position in shares of Alexandria Real Estate Equities in the 2nd quarter valued at approximately $33,000. Finally, CIBC Private Wealth Group LLC boosted its stake in shares of Alexandria Real Estate Equities by 109.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 436 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 228 shares during the last quarter. 96.54% of the stock is owned by hedge funds and other 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.