Alexandria Real Estate Equities (NYSE:ARE) Downgraded to “Hold” Rating by Robert W. Baird

Alexandria Real Estate Equities (NYSE:ARE) was downgraded by analysts at Robert W. Baird from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

ARE has been the subject of several other research reports. BMO Capital Markets reaffirmed a “market perform” rating and set a $52.00 price target (down from $65.00) on shares of Alexandria Real Estate Equities in a research report on Wednesday, March 25th. Citigroup reaffirmed an “outperform” rating on shares of Alexandria Real Estate Equities in a research report on Monday. The Goldman Sachs Group started coverage on shares of Alexandria Real Estate Equities in a research report on Tuesday, February 3rd. They set a “neutral” rating and a $60.00 price target for the company. Mizuho dropped their price target on shares of Alexandria Real Estate Equities from $91.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday, January 9th. Finally, Evercore set a $55.00 price target on shares of Alexandria Real Estate Equities in a research report on Monday. Three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $52.69.

Alexandria Real Estate Equities Stock Performance

NYSE:ARE opened at $41.09 on Monday. The firm has a 50 day simple moving average of $47.90 and a 200-day simple moving average of $52.48. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.20 and a quick ratio of 0.20. The firm has a market cap of $7.16 billion, a PE ratio of -6.55, a P/E/G ratio of 5.01 and a beta of 1.12. Alexandria Real Estate Equities has a 1-year low of $39.41 and a 1-year high of $88.24.

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

Insiders Place Their Bets

In other Alexandria Real Estate Equities news, EVP Gregory Calvin Thomas acquired 3,500 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was bought at an average cost of $41.00 per share, for a total transaction of $143,500.00. Following the completion of the purchase, the executive vice president directly owned 33,024 shares in the company, valued at $1,353,984. This represents a 11.85% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Hallie E. Kuhn sold 536 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $48.20, for a total transaction of $25,835.20. Following the sale, the executive vice president owned 48,301 shares of the company’s stock, valued at approximately $2,328,108.20. This represents a 1.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.35% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. DNB Asset Management AS boosted its stake in shares of Alexandria Real Estate Equities by 121.4% in the third quarter. DNB Asset Management AS now owns 92,657 shares of the real estate investment trust’s stock valued at $7,722,000 after purchasing an additional 50,810 shares during the period. Nan Fung Trinity HK Ltd. purchased a new position in shares of Alexandria Real Estate Equities in the third quarter valued at $14,664,000. Harvey Capital Management Inc. boosted its stake in shares of Alexandria Real Estate Equities by 91.8% in the third quarter. Harvey Capital Management Inc. now owns 45,600 shares of the real estate investment trust’s stock valued at $3,800,000 after purchasing an additional 21,825 shares during the period. Phoenix Financial Ltd. bought a new position in Alexandria Real Estate Equities during the 3rd quarter valued at $1,957,000. Finally, Cbre Investment Management Listed Real Assets LLC boosted its stake in Alexandria Real Estate Equities by 159.3% during the 3rd quarter. Cbre Investment Management Listed Real Assets LLC now owns 491,416 shares of the real estate investment trust’s stock valued at $40,955,000 after acquiring an additional 301,906 shares during the last quarter. 96.54% of the stock is currently 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.