BNP Paribas Exane Issues Pessimistic Forecast for Alexandria Real Estate Equities (NYSE:ARE) Stock Price
BNP Paribas Exane has downgraded Alexandria Real Estate Equities' stock rating to "underperform" and reduced its target price from $72.00 to $50.00. Other analysts have also issued negative ratings, with Citigroup and Royal Bank of Canada lowering their target prices. The stock opened at $46.98, with a market cap of $8.12 billion. Despite negative earnings results, institutional investors continue to hold significant shares in the company.
Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) had its price target dropped by investment analysts at BNP Paribas Exane from $72.00 to $50.00 in a report released on Thursday,MarketScreener reports. The firm presently has an "underperform" rating on the real estate investment trust's stock. BNP Paribas Exane's price objective suggests a potential upside of 6.43% from the stock's current price.
- Attention Income Investors: This REIT Is on Sale
Other equities analysts also recently issued research reports about the company. Zacks Research downgraded Alexandria Real Estate Equities from a "hold" rating to a "strong sell" rating in a research report on Thursday, November 6th. BNP Paribas cut shares of Alexandria Real Estate Equities from a "hold" rating to a "strong sell" rating and set a $82.00 price objective on the stock. in a research report on Wednesday, October 1st. Citigroup lowered their target price on shares of Alexandria Real Estate Equities from $61.00 to $52.00 and set a "neutral" rating for the company in a report on Thursday. Royal Bank Of Canada decreased their price objective on shares of 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, Cantor Fitzgerald cut their target price on Alexandria Real Estate Equities from $52.00 to $48.00 and set a "neutral" rating on the stock in a research note on Friday. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Alexandria Real Estate Equities presently has an average rating of "Hold" and an average target price of $72.43.
Check Out Our Latest Stock Report on ARE
Alexandria Real Estate Equities Stock Performance
- 5 top office REITs to buy now
Shares of NYSE:ARE opened at $46.98 on Thursday. The firm has a fifty day simple moving average of $64.36 and a two-hundred day simple moving average of $72.70. Alexandria Real Estate Equities has a 52 week low of $45.92 and a 52 week high of $107.19. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $8.12 billion, a P/E ratio of -18.99, a PEG ratio of 4.17 and a beta of 1.32.
Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced 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 the consensus estimate of $752.90 million. During the same period in the previous year, the business posted $2.37 EPS. 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. On average, analysts expect that Alexandria Real Estate Equities will post 9.32 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Alexandria Real Estate Equities
- Are Dividend-Paying Office REITs Finally Staging A Comeback?
Hedge funds have recently modified their holdings of the business. Sound Income Strategies LLC purchased a new position in Alexandria Real Estate Equities during the second quarter valued at approximately $25,000. Loomis Sayles & Co. L P bought a new stake in Alexandria Real Estate Equities during the 2nd quarter valued at $27,000. American National Bank & Trust purchased a new stake in shares of Alexandria Real Estate Equities during the 2nd quarter worth $29,000. Avalon Trust Co bought a new stake in Alexandria Real Estate Equities during the third quarter valued at about $29,000. Finally, Cornerstone Planning Group LLC grew its stake in Alexandria Real Estate Equities by 5,916.7% in the third quarter. Cornerstone Planning Group LLC now owns 361 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 355 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company's stock.
Alexandria Real Estate Equities Company Profile
(Get Free Report)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.
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