Evercore ISI Has Lowered Expectations for Alexandria Real Estate Equities (NYSE:ARE) Stock Price

Alexandria Real Estate Equities (NYSE:ARE) had its target price cut by research analysts at Evercore ISI from $72.00 to $64.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. Evercore ISI’s price target suggests a potential upside of 37.28% from the stock’s current price.

A number of other analysts also recently issued reports on the stock. Citigroup reissued a “neutral” rating and set a $52.00 price target (down from $61.00) on shares of Alexandria Real Estate Equities in a report on Thursday. Robert W. Baird reduced their price target on Alexandria Real Estate Equities from $73.00 to $67.00 and set an “outperform” rating for the company in a report on Thursday. JPMorgan Chase & Co. lowered their price target on Alexandria Real Estate Equities from $95.00 to $65.00 in a research report on Monday, November 3rd. Weiss Ratings restated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research report on Wednesday, October 8th. Finally, Citizens Jmp lowered Alexandria Real Estate Equities from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 13th. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $74.29.

Alexandria Real Estate Equities Stock Performance

ARE traded down $1.80 during midday trading on Thursday, hitting $46.62. 2,921,771 shares of the company were exchanged, compared to its average volume of 1,802,789. The company’s 50 day simple moving average is $65.11 and its 200 day simple moving average is $72.88. The firm has a market capitalization of $8.06 billion, a price-to-earnings ratio of -18.84, a price-to-earnings-growth ratio of 4.57 and a beta of 1.32. Alexandria Real Estate Equities has a 1-year low of $46.21 and a 1-year high of $107.19. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.65.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, October 27th. The real estate investment trust reported $2.22 EPS for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.09). The company had revenue of $751.94 million during the quarter, compared to analysts’ expectations of $752.90 million. Alexandria Real Estate Equities had a negative return on equity of 1.89% and a negative net margin of 13.43%.The firm’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.37 EPS. Alexandria Real Estate Equities has set its FY 2025 guidance at 8.980-9.040 EPS. As a group, sell-side analysts predict that Alexandria Real Estate Equities will post 9.32 earnings per share for the current year.

Institutional Investors Weigh In On Alexandria Real Estate Equities

A number of hedge funds have recently modified their holdings of the business. Avantax Advisory Services Inc. increased its stake in Alexandria Real Estate Equities by 33.5% during the first quarter. Avantax Advisory Services Inc. now owns 3,454 shares of the real estate investment trust’s stock worth $320,000 after acquiring an additional 867 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of Alexandria Real Estate Equities by 15.4% during the 1st quarter. Cetera Investment Advisers now owns 29,977 shares of the real estate investment trust’s stock worth $2,773,000 after purchasing an additional 3,997 shares during the period. ASR Vermogensbeheer N.V. purchased a new stake in Alexandria Real Estate Equities in the 1st quarter valued at about $1,261,000. Charles Schwab Investment Management Inc. lifted its position in Alexandria Real Estate Equities by 2.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,530,184 shares of the real estate investment trust’s stock valued at $234,067,000 after buying an additional 63,997 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Alexandria Real Estate Equities by 11.5% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 378,712 shares of the real estate investment trust’s stock worth $35,035,000 after buying an additional 39,013 shares during the period. 96.54% of the stock is currently 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.