Alexandria Real Estate Downgraded by BMO on Growth Concerns and Rising Rates

BMO Capital downgraded Alexandria Real Estate (NYSE: ARE) to Market Perform from Outperform and set a $52 price target, citing concerns around growth prospects and macroeconomic pressures. The firm noted that it had maintained a more positive stance following disappointing 2026 guidance issued in December, expecting that asset sales would alleviate concerns around equity overhang. This dynamic initially supported the stock, which rose 21.9% year-to-date as of mid-January. However, BMO said the outlook has s ...