Wedbush Reiterates “Outperform” Rating for Alexandria Real Estate Equities (NYSE:ARE)

Alexandria Real Estate Equities (NYSE:ARE)‘s stock had its “outperform” rating reiterated by equities researchers at Wedbush in a note issued to investors on Wednesday, Marketbeat reports. They presently have a $140.00 price objective on the real estate investment trust’s stock. Wedbush’s target price suggests a potential upside of 19.37% from the stock’s current price. Wedbush also issued estimates for Alexandria Real Estate Equities’ Q1 2025 earnings at $2.35 EPS, Q2 2025 earnings at $2.42 EPS and Q4 2025 earnings at $2.57 EPS.

Other equities analysts have also issued reports about the stock. Mizuho boosted their price target on shares of Alexandria Real Estate Equities from $145.00 to $154.00 and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. JMP Securities restated a “market outperform” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft began coverage on shares of Alexandria Real Estate Equities in a research report on Tuesday, January 30th. They set a “buy” rating and a $140.00 price target on the stock. Finally, StockNews.com upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $136.75.

Alexandria Real Estate Equities Stock Down 2.0 %

Shares of NYSE ARE opened at $117.28 on Wednesday. The company’s 50-day simple moving average is $123.04 and its 200-day simple moving average is $117.00. Alexandria Real Estate Equities has a 52-week low of $90.73 and a 52-week high of $135.45. The firm has a market cap of $20.51 billion, a price-to-earnings ratio of 109.61, a price-to-earnings-growth ratio of 2.73 and a beta of 1.05. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 0.54.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Tuesday, January 30th. The real estate investment trust reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of $2.29 by ($2.83). Alexandria Real Estate Equities had a net margin of 6.65% and a return on equity of 0.87%. The company had revenue of $757.22 million during the quarter, compared to analyst estimates of $740.16 million. During the same quarter last year, the business earned $2.14 EPS. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. Equities analysts predict that Alexandria Real Estate Equities will post 9.46 EPS for the current fiscal year.

Insiders Place Their Bets

In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus sold 7,500 shares of Alexandria Real Estate Equities stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $118.92, for a total transaction of $891,900.00. Following the transaction, the chairman now directly owns 429,538 shares of the company’s stock, valued at $51,080,658.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Peter M. Moglia sold 3,200 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $122.90, for a total value of $393,280.00. Following the sale, the chief executive officer now directly owns 249,683 shares of the company’s stock, valued at approximately $30,686,040.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Joel S. Marcus sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $118.92, for a total transaction of $891,900.00. Following the completion of the sale, the chairman now directly owns 429,538 shares in the company, valued at $51,080,658.96. The disclosure for this sale can be found here. 1.15% of the stock is owned by insiders.

Institutional Investors Weigh In On Alexandria Real Estate Equities

A number of institutional investors and hedge funds have recently made changes to their positions in ARE. Norges Bank purchased a new stake in Alexandria Real Estate Equities during the 4th quarter worth approximately $2,086,085,000. Jennison Associates LLC increased its stake in Alexandria Real Estate Equities by 180.3% during the 4th quarter. Jennison Associates LLC now owns 1,010,943 shares of the real estate investment trust’s stock worth $128,157,000 after buying an additional 650,248 shares during the period. Aew Capital Management L P increased its stake in Alexandria Real Estate Equities by 881.2% during the 3rd quarter. Aew Capital Management L P now owns 347,330 shares of the real estate investment trust’s stock worth $34,768,000 after buying an additional 311,930 shares during the period. Ceredex Value Advisors LLC purchased a new stake in Alexandria Real Estate Equities during the 4th quarter worth approximately $36,223,000. Finally, Schroder Investment Management Group increased its stake in Alexandria Real Estate Equities by 87.9% during the 3rd quarter. Schroder Investment Management Group now owns 597,708 shares of the real estate investment trust’s stock worth $59,831,000 after buying an additional 279,649 shares during the period. 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.