BNP Paribas Exane Has Lowered Expectations for Alexandria Real Estate Equities (NYSE:ARE) Stock Price

Alexandria Real Estate Equities (NYSE:ARE) had its price objective dropped by investment analysts at BNP Paribas Exane from $72.00 to $50.00 in a research note issued on Thursday,MarketScreener reports. The firm presently has an “underperform” rating on the real estate investment trust’s stock. BNP Paribas Exane’s price target indicates a potential upside of 6.43% from the company’s current price.

Several other research firms also recently weighed in on ARE. Evercore ISI dropped their target price on shares of Alexandria Real Estate Equities from $72.00 to $64.00 and set an “outperform” rating on the stock in a research report on Thursday. BNP Paribas downgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating and set a $82.00 price objective for the company. in a research note on Wednesday, October 1st. Weiss Ratings reissued a “sell (d)” rating on shares of Alexandria Real Estate Equities in a report on Wednesday, October 8th. BMO Capital Markets set a $60.00 target price on Alexandria Real Estate Equities in a research note on Thursday. Finally, Robert W. Baird lowered their price target on Alexandria Real Estate Equities from $73.00 to $67.00 and set an “outperform” rating for the company in a research report on Thursday. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, Alexandria Real Estate Equities presently has an average rating of “Hold” and a consensus target price of $72.43.

Alexandria Real Estate Equities Stock Up 0.8%

Shares of ARE stock opened at $46.98 on Thursday. The stock’s fifty day moving average price is $64.36 and its 200 day moving average price is $72.70. Alexandria Real Estate Equities has a 1-year low of $45.92 and a 1-year high of $107.19. The company has a market cap of $8.12 billion, a price-to-earnings ratio of -18.99, a price-to-earnings-growth ratio of 4.17 and a beta of 1.32. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.24 and a quick ratio of 0.24.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $2.22 EPS 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 during the quarter, compared to analysts’ expectations of $752.90 million. During the same quarter last year, the business posted $2.37 earnings per share. The company’s quarterly revenue was down 5.0% compared to the same quarter last year. Alexandria Real Estate Equities has set its FY 2025 guidance at 8.980-9.040 EPS. On average, research analysts expect that Alexandria Real Estate Equities will post 9.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Several large investors have recently made changes to their positions in the company. Norges Bank acquired a new stake in Alexandria Real Estate Equities during the second quarter valued at $1,195,306,000. State Street Corp grew its position in shares of Alexandria Real Estate Equities by 3.7% during the 3rd quarter. State Street Corp now owns 11,273,031 shares of the real estate investment trust’s stock valued at $954,117,000 after acquiring an additional 399,286 shares during the period. Geode Capital Management LLC increased its stake in shares of Alexandria Real Estate Equities by 1.9% in the 2nd quarter. Geode Capital Management LLC now owns 4,318,035 shares of the real estate investment trust’s stock valued at $312,407,000 after purchasing an additional 82,591 shares in the last quarter. Invesco Ltd. lifted its stake in Alexandria Real Estate Equities by 4.0% in the 3rd quarter. Invesco Ltd. now owns 3,821,880 shares of the real estate investment trust’s stock valued at $318,516,000 after buying an additional 145,562 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Alexandria Real Estate Equities by 6.2% in the 1st quarter. Northern Trust Corp now owns 2,723,583 shares of the real estate investment trust’s stock valued at $251,959,000 after buying an additional 158,177 shares in the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

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.