Alexandria Real Estate Equities (NYSE:ARE) Coverage Initiated at Cantor Fitzgerald

Stock analysts at Cantor Fitzgerald started coverage on shares of Alexandria Real Estate Equities (NYSE:ARE) in a note issued to investors on Wednesday, Marketbeat.com reports. The firm set a “neutral” rating and a $88.00 price target on the real estate investment trust’s stock. Cantor Fitzgerald’s price objective indicates a potential upside of 5.22% from the company’s previous close.

A number of other equities research analysts also recently commented on the stock. Baird R W dropped their price objective on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a research report on Thursday, June 12th. BMO Capital Markets started coverage on Alexandria Real Estate Equities in a report on Tuesday, September 23rd. They issued an “outperform” rating and a $100.00 target price on the stock. Royal Bank Of Canada cut their price target on Alexandria Real Estate Equities from $100.00 to $98.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 29th. Mizuho lowered their price objective on Alexandria Real Estate Equities from $121.00 to $91.00 in a research report on Thursday, June 12th. Finally, BNP Paribas Exane reiterated an “underperform” rating on shares of Alexandria Real Estate Equities in a report on Wednesday. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $96.60.

Alexandria Real Estate Equities Price Performance

ARE stock opened at $83.64 on Wednesday. The business’s 50-day moving average is $80.95 and its two-hundred day moving average is $78.61. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.23 and a quick ratio of 0.23. The firm has a market capitalization of $14.47 billion, a P/E ratio of -643.35, a P/E/G ratio of 7.01 and a beta of 1.31. Alexandria Real Estate Equities has a 1 year low of $67.37 and a 1 year high of $123.10.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.04. The firm had revenue of $737.28 million for the quarter, compared to analyst estimates of $748.02 million. Alexandria Real Estate Equities had a negative net margin of 0.33% and a negative return on equity of 0.05%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.36 earnings per share. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. Analysts anticipate 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

A number of hedge funds have recently modified their holdings of ARE. Sound Income Strategies LLC purchased a new position in Alexandria Real Estate Equities during the 2nd quarter worth $25,000. Loomis Sayles & Co. L P acquired a new stake in shares of Alexandria Real Estate Equities during the second quarter worth about $27,000. American National Bank & Trust purchased a new position in shares of Alexandria Real Estate Equities during the second quarter worth about $29,000. Tsfg LLC acquired a new position in Alexandria Real Estate Equities in the 1st quarter valued at about $30,000. Finally, CYBER HORNET ETFs LLC purchased a new stake in Alexandria Real Estate Equities during the 2nd quarter valued at approximately $30,000. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

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.