Robert W. Baird Issues Pessimistic Forecast for Alexandria Real Estate Equities (NYSE:ARE) Stock Price

Alexandria Real Estate Equities (NYSE:ARE) had its price objective cut by analysts at Robert W. Baird from $137.00 to $130.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Robert W. Baird’s target price indicates a potential upside of 14.36% from the stock’s current price.

ARE has been the topic of several other research reports. Wedbush reduced their price target on shares of Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. BMO Capital Markets upgraded Alexandria Real Estate Equities to a “hold” rating in a research note on Wednesday, September 25th. Jefferies Financial Group downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $136.00 to $127.00 in a research report on Friday, August 2nd. JMP Securities reiterated a “market outperform” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a research report on Tuesday, July 23rd. Finally, Citigroup cut shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $130.00 to $125.00 in a report on Friday, September 13th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $131.10.

Alexandria Real Estate Equities Trading Up 0.6 %

ARE stock opened at $113.68 on Friday. Alexandria Real Estate Equities has a 52 week low of $93.17 and a 52 week high of $135.45. The company has a market capitalization of $19.87 billion, a PE ratio of 69.32, a price-to-earnings-growth ratio of 4.23 and a beta of 1.16. The company’s 50-day simple moving average is $118.23 and its 200 day simple moving average is $118.23. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.20 and a current ratio of 0.20.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.38 by ($1.42). The business had revenue of $791.60 million for the quarter, compared to analyst estimates of $766.97 million. Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.26 EPS. As a group, sell-side analysts anticipate that Alexandria Real Estate Equities will post 9.48 earnings per share for the current year.

Institutional Investors Weigh In On Alexandria Real Estate Equities

A number of institutional investors have recently added to or reduced their stakes in ARE. Vanguard Group Inc. raised its stake in shares of Alexandria Real Estate Equities by 0.6% during the first quarter. Vanguard Group Inc. now owns 26,784,689 shares of the real estate investment trust’s stock valued at $3,452,814,000 after acquiring an additional 156,643 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Alexandria Real Estate Equities by 0.9% in the second quarter. Canada Pension Plan Investment Board now owns 4,073,312 shares of the real estate investment trust’s stock worth $476,455,000 after purchasing an additional 35,216 shares during the last quarter. M&G Plc increased its holdings in Alexandria Real Estate Equities by 4.9% in the second quarter. M&G Plc now owns 1,659,092 shares of the real estate investment trust’s stock valued at $194,114,000 after purchasing an additional 77,686 shares during the period. Pathway Financial Advisers LLC lifted its holdings in Alexandria Real Estate Equities by 11,449.8% during the 3rd quarter. Pathway Financial Advisers LLC now owns 1,423,630 shares of the real estate investment trust’s stock worth $169,056,000 after buying an additional 1,411,304 shares during the period. Finally, Thrivent Financial for Lutherans lifted its holdings in Alexandria Real Estate Equities by 1.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,050,991 shares of the real estate investment trust’s stock worth $122,934,000 after buying an additional 10,576 shares during the period. 96.54% of the stock is owned by 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.