Alexandria Real Estate Equities (NYSE:ARE) Stock Rating Upgraded by Evercore ISI

Alexandria Real Estate Equities (NYSE:ARE) was upgraded by equities research analysts at Evercore ISI from an “in-line” rating to an “outperform” rating in a research report issued to clients and investors on Monday, MarketBeat.com reports. The firm currently has a $104.00 target price on the real estate investment trust’s stock. Evercore ISI’s price target would suggest a potential upside of 22.38% from the company’s previous close.

Several other equities analysts also recently commented on the company. Citigroup decreased their target price on Alexandria Real Estate Equities from $110.00 to $74.00 in a research report on Monday, June 2nd. Baird R W dropped their price target on Alexandria Real Estate Equities from $129.00 to $102.00 in a research note on Thursday, June 12th. Mizuho decreased their price target on shares of Alexandria Real Estate Equities from $121.00 to $91.00 in a research report on Thursday, June 12th. Royal Bank Of Canada cut their target price on Alexandria Real Estate Equities from $100.00 to $98.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 29th. Finally, JPMorgan Chase & Co. lowered their price objective on Alexandria Real Estate Equities from $117.00 to $95.00 and set a “neutral” rating for the company in a research report on Tuesday, May 20th. Three investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $98.25.

Alexandria Real Estate Equities Stock Up 0.3%

NYSE:ARE opened at $84.98 on Monday. The stock has a market cap of $14.70 billion, a price-to-earnings ratio of -653.71, a PEG ratio of 7.13 and a beta of 1.30. The stock has a 50-day moving average price of $79.18 and a two-hundred day moving average price of $79.79. Alexandria Real Estate Equities has a 1 year low of $67.37 and a 1 year high of $125.63. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.61.

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 (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.04. Alexandria Real Estate Equities had a negative return on equity of 0.05% and a negative net margin of 0.33%.The business had revenue of $737.28 million for the quarter, compared to analyst estimates of $748.02 million. During the same quarter in the prior year, the company posted $2.36 earnings per share. Alexandria Real Estate Equities’s revenue was down .6% on a year-over-year basis. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. As a group, equities analysts expect that Alexandria Real Estate Equities will post 9.32 earnings per share for the current year.

Institutional Trading of Alexandria Real Estate Equities

A number of institutional investors have recently modified their holdings of the company. Private Trust Co. NA boosted its holdings in shares of Alexandria Real Estate Equities by 19.2% during the first quarter. Private Trust Co. NA now owns 925 shares of the real estate investment trust’s stock worth $86,000 after purchasing an additional 149 shares during the period. Farther Finance Advisors LLC increased its position in shares of Alexandria Real Estate Equities by 16.4% during the first quarter. Farther Finance Advisors LLC now owns 1,084 shares of the real estate investment trust’s stock valued at $99,000 after acquiring an additional 153 shares in the last quarter. Presima Securities ULC increased its position in shares of Alexandria Real Estate Equities by 1.4% during the first quarter. Presima Securities ULC now owns 11,895 shares of the real estate investment trust’s stock valued at $1,100,000 after acquiring an additional 170 shares in the last quarter. CX Institutional increased its position in shares of Alexandria Real Estate Equities by 13.8% during the second quarter. CX Institutional now owns 1,445 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 175 shares in the last quarter. Finally, Investor s Fiduciary Advisor Network LLC grew its position in Alexandria Real Estate Equities by 3.8% in the 1st quarter. Investor s Fiduciary Advisor Network LLC now owns 4,941 shares of the real estate investment trust’s stock worth $457,000 after purchasing an additional 180 shares during the period. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Company Profile

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.