BMO Capital analyst John P. Kim downgraded Alexandria Real Estate (NYSE: ARE) from Outperform to Market Perform with a price target of $52.00.

The analyst comments "We downgrade ARE to Market Perform with a $52 target, established below our NAV and DCF estimates. We retained our Outperform rating through its disappointing '26 guidance in December, as we believed the market was concerned of an equity overhang, which dispositions would alleviate. This played out earlier this year (ARE's stock +21.9% YTD in mid-January), but now is overshadowed by higher interest rates and the looming AI-threat on lab-office demand. We favor companies with solid earnings growth, which is unlikely for ARE, as it plans to sell $2.9B this year."

For an analyst ratings summary and ratings history on Alexandria Real Estate click here. For more ratings news on Alexandria Real Estate click here.

Shares of Alexandria Real Estate closed at $47.38 yesterday.