Evercore Issues Positive Forecast for Alexandria Real Estate Equities (NYSE:ARE) Stock Price

Alexandria Real Estate Equities (NYSE:ARE) had its price objective lifted by equities researchers at Evercore from $55.00 to $58.00 in a research report issued on Monday,MarketScreener reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Evercore’s price target suggests a potential upside of 11.92% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $52.00 price target on shares of Alexandria Real Estate Equities in a research report on Tuesday, May 19th. JPMorgan Chase & Co. cut their price objective on shares of Alexandria Real Estate Equities from $63.00 to $57.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 10th. Citigroup reaffirmed an “outperform” rating on shares of Alexandria Real Estate Equities in a research report on Monday, May 4th. Royal Bank Of Canada lowered their price target on shares of Alexandria Real Estate Equities from $60.00 to $50.00 and set a “sector perform” rating on the stock in a research note on Tuesday, May 5th. Finally, Jefferies Financial Group reduced their price objective on shares of Alexandria Real Estate Equities from $57.00 to $47.00 and set a “hold” rating for the company in a research note on Tuesday, April 14th. Three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Alexandria Real Estate Equities has a consensus rating of “Hold” and an average price target of $51.46.

Alexandria Real Estate Equities Trading Up 1.1%

ARE opened at $51.82 on Monday. The stock has a market capitalization of $9.03 billion, a P/E ratio of -8.27, a P/E/G ratio of 6.21 and a beta of 1.19. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.65. Alexandria Real Estate Equities has a 12 month low of $39.41 and a 12 month high of $88.24. The firm’s fifty day simple moving average is $46.51 and its 200 day simple moving average is $49.91.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.73. The firm had revenue of $671.02 million for the quarter, compared to the consensus estimate of $684.78 million. Alexandria Real Estate Equities had a negative return on equity of 5.21% and a negative net margin of 36.03%.The company’s revenue for the quarter was down 11.5% on a year-over-year basis. During the same quarter last year, the business posted $2.30 EPS. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.300-6.500 EPS. As a group, research analysts anticipate that Alexandria Real Estate Equities will post 6.4 EPS for the current fiscal year.

Insider Buying and Selling at Alexandria Real Estate Equities

In other news, EVP Hallie E. Kuhn sold 536 shares of the business’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $48.20, for a total transaction of $25,835.20. Following the transaction, the executive vice president directly owned 48,301 shares in the company, valued at $2,328,108.20. The trade was a 1.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Gregory Calvin Thomas bought 3,500 shares of the company’s stock in a transaction dated Thursday, April 30th. The stock was purchased at an average cost of $41.00 per share, for a total transaction of $143,500.00. Following the completion of the acquisition, the executive vice president owned 33,024 shares in the company, valued at $1,353,984. This trade represents a 11.85% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.35% of the company’s stock.

Institutional Trading of Alexandria Real Estate Equities

Several institutional investors and hedge funds have recently bought and sold shares of ARE. Avalon Trust Co acquired a new position in shares of Alexandria Real Estate Equities during the 3rd quarter worth approximately $29,000. CYBER HORNET ETFs LLC bought a new position in Alexandria Real Estate Equities during the second quarter worth $30,000. BOKF NA increased its holdings in shares of Alexandria Real Estate Equities by 6,033.3% in the third quarter. BOKF NA now owns 368 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 362 shares during the last quarter. MUFG Securities EMEA plc bought a new position in shares of Alexandria Real Estate Equities in the second quarter valued at about $33,000. Finally, CIBC Private Wealth Group LLC raised its position in shares of Alexandria Real Estate Equities by 109.6% in the third quarter. CIBC Private Wealth Group LLC now owns 436 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 228 shares during the period. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc (NYSE: ARE) is a real estate investment trust specializing in the ownership, development and management of collaborative life science and technology campuses. The company’s properties are designed to support research and innovation by providing specialized laboratory, office and manufacturing space tailored to biotechnology, pharmaceutical, academic and related industries.

Since its founding in 1994, Alexandria has cultivated a diversified portfolio of campuses across leading innovation clusters in North America and Europe.