Alexandria Real Estate Equities (NYSE:ARE) Raised 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 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 Ratings reports. The firm currently has a $104.00 price target on the real estate investment trust's stock, up from their previous price target of $91.00. Evercore ISI's price objective suggests a potential upside of 18.63% from the stock's previous close.

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

Alexandria Real Estate Equities Trading Up 0.2%

ARE stock traded up $0.22 during midday trading on Monday, hitting $87.67. The stock had a trading volume of 781,332 shares, compared to its average volume of 1,552,141. The firm has a market cap of $15.16 billion, a P/E ratio of -674.36, a price-to-earnings-growth ratio of 7.15 and a beta of 1.30. 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 has a 1-year low of $67.37 and a 1-year high of $125.60. The business has a fifty day moving average price of $79.89 and a two-hundred day moving average price of $79.66.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.04. Alexandria Real Estate Equities had a negative net margin of 0.33% and a negative return on equity of 0.05%. The firm had revenue of $737.28 million during the quarter, compared to the consensus estimate of $748.02 million. During the same period in the previous year, the firm posted $2.36 earnings per share. The business's revenue was down .6% compared to the same quarter last year. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. On average, sell-side analysts predict that Alexandria Real Estate Equities will post 9.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Alexandria Real Estate Equities

Large investors have recently bought and sold shares of the business. Tsfg LLC bought a new stake in Alexandria Real Estate Equities in the first quarter worth $30,000. Sound Income Strategies LLC bought a new position in Alexandria Real Estate Equities during the second quarter valued at $25,000. Avalon Trust Co bought a new position in Alexandria Real Estate Equities during the first quarter valued at $32,000. TruNorth Capital Management LLC bought a new position in Alexandria Real Estate Equities during the first quarter valued at $34,000. Finally, Loomis Sayles & Co. L P bought a new position in Alexandria Real Estate Equities during the second quarter valued at $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.