Alexandria Real Estate Equities (NYSE:ARE) Rating Increased to Outperform at Evercore ISI

Key Points

• Analysts at Evercore ISI upgraded Alexandria Real Estate Equities (NYSE:ARE) from an "in-line" rating to an "outperform" rating, setting a price target of $104.00, indicating a potential upside of 22.38% from the previous closing price.
• Despite the upgrade, other analysts like JPMorgan Chase and Baird have reduced their price targets significantly, with a consensus rating of "Hold" and an average target price of $98.25.
• The company reported an earnings per share of $2.33 for the last quarter, slightly above the consensus estimate, but its revenue fell short of expectations, indicating challenges ahead.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) was upgraded by 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 Ratings reports. The brokerage presently has a $104.00 target price on the real estate investment trust's stock. Evercore ISI's price objective would indicate a potential upside of 22.38% from the company's previous close.

A number of other brokerages have also recently weighed in on ARE. JPMorgan Chase & Co. dropped their price target 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. Baird R W lowered their price target on Alexandria Real Estate Equities from $129.00 to $102.00 in a report on Thursday, June 12th. Mizuho reduced their price objective on Alexandria Real Estate Equities from $121.00 to $91.00 in a research note on Thursday, June 12th. Citigroup reduced their price objective on Alexandria Real Estate Equities from $110.00 to $74.00 in a research note on Monday, June 2nd. Finally, Royal Bank Of Canada reduced their price target on Alexandria Real Estate Equities from $100.00 to $98.00 and set a "sector perform" rating on the stock in a research report on Tuesday, July 29th. Three equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $98.25.

Alexandria Real Estate Equities Trading Up 0.3%

NYSE ARE opened at $84.98 on Monday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.61. Alexandria Real Estate Equities has a 52 week low of $67.37 and a 52 week high of $125.63. The stock has a market capitalization of $14.70 billion, a PE ratio of -653.71, a price-to-earnings-growth ratio of 7.13 and a beta of 1.30. The firm has a 50 day moving average of $79.18 and a two-hundred day moving average of $79.79.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $2.33 EPS for the quarter, beating the consensus estimate of $2.29 by $0.04. The company had revenue of $737.28 million for the quarter, compared to analyst estimates of $748.02 million. Alexandria Real Estate Equities had a negative net margin of 0.33% and a negative return on equity of 0.05%. The firm's revenue was down .6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.36 earnings per share. 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 fiscal year.

Institutional Investors Weigh In On Alexandria Real Estate Equities

Hedge funds have recently bought and sold shares of the business. Sound Income Strategies LLC acquired a new position in Alexandria Real Estate Equities in the 2nd quarter worth about $25,000. Loomis Sayles & Co. L P acquired a new stake in shares of Alexandria Real Estate Equities during the 2nd quarter worth approximately $27,000. American National Bank & Trust acquired a new stake in shares of Alexandria Real Estate Equities during the 2nd quarter worth approximately $29,000. Tsfg LLC acquired a new stake in shares of Alexandria Real Estate Equities during the 1st quarter worth approximately $30,000. Finally, CYBER HORNET ETFs LLC bought a new position in shares of Alexandria Real Estate Equities during the 2nd quarter worth approximately $30,000. 96.54% of the stock is owned by hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.