Mizuho Has Lowered Expectations for Alexandria Real Estate Equities (NYSE:ARE) Stock Price

Alexandria Real Estate Equities (NYSE:ARE) had its price objective cut by equities research analysts at Mizuho from $70.00 to $60.00 in a report released on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. Mizuho’s target price suggests a potential upside of 14.20% from the company’s previous close.

Several other research analysts also recently issued reports on the stock. Robert W. Baird reiterated a “neutral” rating and issued a $46.00 target price (down from $67.00) on shares of Alexandria Real Estate Equities in a research note on Monday, May 4th. Weiss Ratings reissued a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research report on Monday, April 20th. Cantor Fitzgerald decreased their price objective on shares of Alexandria Real Estate Equities from $60.00 to $43.00 and set a “neutral” rating for the company in a report on Wednesday, April 29th. Jefferies Financial Group lowered their price objective on Alexandria Real Estate Equities from $57.00 to $47.00 and set a “hold” rating on the stock in a research report on Tuesday, April 14th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $53.00 target price on shares of Alexandria Real Estate Equities in a research note on Thursday, June 11th. Three analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Alexandria Real Estate Equities presently has a consensus rating of “Hold” and an average target price of $51.08.

Alexandria Real Estate Equities Price Performance

Shares of NYSE:ARE opened at $52.54 on Monday. The business has a fifty day moving average price of $49.20 and a 200-day moving average price of $50.31. 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 company has a market capitalization of $9.16 billion, a PE ratio of -8.38, a PEG ratio of 6.37 and a beta of 1.17. 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 announced its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.73. Alexandria Real Estate Equities had a negative net margin of 36.03% and a negative return on equity of 5.21%. The company had revenue of $671.02 million for the quarter, compared to analysts’ expectations of $684.78 million. During the same quarter in the previous year, the business posted $2.30 EPS. Alexandria Real Estate Equities’s revenue was down 11.5% compared to the same quarter last year. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.300-6.500 EPS. As a group, equities analysts expect that Alexandria Real Estate Equities will post 6.4 EPS for the current fiscal year.

Insider Activity at Alexandria Real Estate Equities

In related news, EVP Hallie E. Kuhn sold 536 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $48.20, for a total value of $25,835.20. Following the sale, the executive vice president owned 48,301 shares in the company, valued at approximately $2,328,108.20. This trade represents a 1.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Marc E. Binda sold 2,000 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $54.00, for a total transaction of $108,000.00. Following the completion of the sale, the chief financial officer directly owned 188,264 shares of the company’s stock, valued at approximately $10,166,256. This trade represents a 1.05% decrease in their position. 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. Company insiders own 1.35% of the company’s stock.

Institutional Trading of Alexandria Real Estate Equities

Large investors have recently modified their holdings of the company. Cbre Investment Management Listed Real Assets LLC lifted its stake in shares of Alexandria Real Estate Equities by 159.3% in the 3rd quarter. Cbre Investment Management Listed Real Assets LLC now owns 491,416 shares of the real estate investment trust’s stock worth $40,955,000 after purchasing an additional 301,906 shares during the period. Gradient Investments LLC boosted its holdings in shares of Alexandria Real Estate Equities by 1,453.9% in the fourth quarter. Gradient Investments LLC now owns 257,838 shares of the real estate investment trust’s stock worth $12,619,000 after buying an additional 241,245 shares during the last quarter. Norges Bank bought a new stake in Alexandria Real Estate Equities during the fourth quarter valued at approximately $805,429,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in Alexandria Real Estate Equities by 21.8% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,415,876 shares of the real estate investment trust’s stock valued at $69,293,000 after buying an additional 253,402 shares during the last quarter. Finally, Barclays PLC increased its holdings in Alexandria Real Estate Equities by 6.3% during the third quarter. Barclays PLC now owns 386,717 shares of the real estate investment trust’s stock valued at $32,229,000 after buying an additional 23,086 shares during the last quarter. Institutional investors own 96.54% of the company’s stock.

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.