Alexandria Real Estate Equities (NYSE:ARE) Now Covered by BMO Capital Markets

Key Points

• BMO Capital Markets has initiated coverage of Alexandria Real Estate Equities, setting an "outperform" rating with a price target of $100.00, indicating a potential upside of 16.28% from the current stock price.
• The stock's consensus rating is currently a "Hold" with a consensus target price of $98.38, according to data from MarketBeat.
• Recent earnings showed that Alexandria Real Estate Equities reported $2.33 EPS for the last quarter, surpassing analyst estimates by $0.04, although revenue was down 0.6% year-over-year.

Analysts at BMO Capital Markets initiated coverage on shares of Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm set an "outperform" rating and a $100.00 price target on the real estate investment trust's stock. BMO Capital Markets' target price points to a potential upside of 16.28% from the stock's current price.

Several other brokerages also recently issued reports on ARE. Mizuho decreased their price target on Alexandria Real Estate Equities from $121.00 to $91.00 in a report on Thursday, June 12th. Royal Bank Of Canada reduced their price objective on Alexandria Real Estate Equities from $100.00 to $98.00 and set a "sector perform" rating for the company in a research note on Tuesday, July 29th. Citigroup reduced their price objective on Alexandria Real Estate Equities from $110.00 to $74.00 in a research note on Monday, June 2nd. Baird R W reduced their price objective on Alexandria Real Estate Equities from $129.00 to $102.00 in a research note on Thursday, June 12th. Finally, Evercore ISI upgraded Alexandria Real Estate Equities from an "in-line" rating to an "outperform" rating and upped their price objective for the company from $91.00 to $104.00 in a research note on Monday, September 15th. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $98.38.

Alexandria Real Estate Equities Price Performance

Alexandria Real Estate Equities stock opened at $86.00 on Tuesday. The stock's 50 day moving average is $80.18 and its 200 day moving average is $79.15. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.23 and a quick ratio of 0.23. The firm has a market cap of $14.87 billion, a P/E ratio of -661.54, a P/E/G ratio of 7.24 and a beta of 1.30. Alexandria Real Estate Equities has a one year low of $67.37 and a one year high of $125.60.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $2.33 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $737.28 million for the quarter, compared to analyst estimates of $748.02 million. During the same period in the previous year, the firm earned $2.36 earnings per share. The firm's quarterly 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, research analysts expect that Alexandria Real Estate Equities will post 9.32 EPS for the current year.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Hedge funds and other institutional investors have recently made changes to their positions in the business. Tsfg LLC bought a new position in shares of Alexandria Real Estate Equities during the first quarter valued at approximately $30,000. Sound Income Strategies LLC bought a new position in shares of Alexandria Real Estate Equities during the second quarter valued at approximately $25,000. Avalon Trust Co bought a new position in shares of Alexandria Real Estate Equities during the first quarter valued at approximately $32,000. TruNorth Capital Management LLC bought a new position in shares of Alexandria Real Estate Equities during the first quarter valued at approximately $34,000. Finally, Loomis Sayles & Co. L P bought a new position in shares of Alexandria Real Estate Equities during the second quarter valued at approximately $27,000. Institutional investors own 96.54% of the company's stock.

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.

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