Jefferies Financial Group Begins Coverage on Alexandria Real Estate Equities (NYSE:ARE)

Key Points

• Jefferies Financial Group has initiated coverage on Alexandria Real Estate Equities with a "hold" rating and a price target of $80.00, suggesting a potential downside of 4.57% from the stock's previous close.
• The consensus rating on Alexandria Real Estate Equities from analysts is currently a "Hold," with an average price target of $96.47.
• Alexandria Real Estate Equities reported $2.33 earnings per share for the last quarter, slightly above analysts' estimates, despite experiencing a 0.6% decrease in revenue compared to the same quarter last year.

Equities research analysts at Jefferies Financial Group initiated coverage on shares of Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) in a research report issued to clients and investors on Monday,Briefing.com Automated Import reports. The brokerage set a "hold" rating and a $80.00 price target on the real estate investment trust's stock. Jefferies Financial Group's target price would indicate a potential downside of 4.57% from the stock's previous close.

Several other research analysts have also weighed in on the company. Baird R W lowered their price target on Alexandria Real Estate Equities from $129.00 to $102.00 in a research report on Thursday, June 12th. BNP Paribas Exane restated an "underperform" rating on shares of Alexandria Real Estate Equities in a report on Wednesday, October 1st. Royal Bank Of Canada cut their price target 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 note on Tuesday, July 29th. Cantor Fitzgerald set a $88.00 price objective on shares of Alexandria Real Estate Equities and gave the company a "neutral" rating in a research report on Wednesday. Finally, Mizuho dropped their target price on shares of Alexandria Real Estate Equities from $121.00 to $91.00 in a report on Thursday, June 12th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $96.47.

Alexandria Real Estate Equities Stock Performance

Shares of ARE stock opened at $83.83 on Monday. Alexandria Real Estate Equities has a 12 month low of $67.37 and a 12 month high of $123.10. The company's fifty day simple moving average is $80.98 and its 200-day simple moving average is $78.25. The firm has a market cap of $14.50 billion, a PE ratio of -644.85, a P/E/G ratio of 7.04 and a beta of 1.31. 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 (NYSE:ARE - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $737.28 million during the quarter, compared to analysts' expectations of $748.02 million. Alexandria Real Estate Equities had a negative return on equity of 0.05% and a negative net margin of 0.33%.Alexandria Real Estate Equities's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the company earned $2.36 EPS. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. Equities research analysts expect that Alexandria Real Estate Equities will post 9.32 EPS for the current fiscal year.

Institutional Trading of Alexandria Real Estate Equities

Hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in Alexandria Real Estate Equities by 197.8% during the 3rd quarter. GAMMA Investing LLC now owns 2,213 shares of the real estate investment trust's stock worth $184,000 after buying an additional 1,470 shares during the period. Osaic Holdings Inc. raised its stake in Alexandria Real Estate Equities by 2.4% in the 2nd quarter. Osaic Holdings Inc. now owns 54,983 shares of the real estate investment trust's stock worth $3,995,000 after purchasing an additional 1,299 shares in the last quarter. Centaurus Financial Inc. bought a new stake in Alexandria Real Estate Equities in the 2nd quarter valued at about $125,000. Orion Porfolio Solutions LLC grew its position in shares of Alexandria Real Estate Equities by 16.5% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 3,276 shares of the real estate investment trust's stock worth $238,000 after purchasing an additional 465 shares in the last quarter. Finally, TT Capital Management LLC increased its holdings in shares of Alexandria Real Estate Equities by 35.5% during the second quarter. TT Capital Management LLC now owns 60,843 shares of the real estate investment trust's stock worth $4,419,000 after purchasing an additional 15,947 shares during the period. 96.54% of the stock is owned by institutional investors and hedge funds.

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.

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