Evercore ISI Maintains Buy Rating for Alexandria Real Estate Equities
Evercore ISI Group reaffirmed its buy rating on Alexandria Real Estate Equities, Inc. (ARE) with a $60 price target, a 13.53% upside from the current price.
Key Points
- Evercore ISI Group reiterated its buy rating for Alexandria Real Estate Equities, Inc. (NYSE:ARE) with a $60 target on July 1, 2026.
- Evercore ISI Group's $60 price target implies 13.53% upside from Alexandria Real Estate Equities, Inc.'s ($ARE) current $52.85 share price.
- Alexandria Real Estate Equities has a market cap of $9.21 billion and a 52-week range between $39.41 and $88.24.
- Recent insider activity at Alexandria included sales by CFO Marc Binda and CEO Peter Moglia, and purchases by Executive Chairman Joel Marcus.
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Evercore ISI Group reiterated its buy rating for Alexandria Real Estate Equities, Inc. (NYSE:ARE) on July 1, 2026. The firm set a price target of $60, indicating confidence in the company's future performance.
Evercore ISI Group vs. the S&P 500
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Other Institutional Activity in Alexandria Real Estate Equities
BlackRock, Inc. reduced its stake by 600,514 shares, bringing its total to 19,691,268 shares valued at approximately $914.1 million. Vanguard Portfolio Management LLC opened a new position with 13,849,551 shares worth about $642.9 million. Similarly, Vanguard Capital Management LLC initiated a new stake with 10,742,559 shares valued at $498.7 million. State Street Corp trimmed its holdings by 685,729 shares, leaving it with 10,662,463 shares worth $502.5 million. APG Asset Management US Inc. increased its position by 288,205 shares, reaching a total of 6,981,310 shares valued at $302.2 million.
Alexandria Real Estate Equities, Inc. Stock Up 2.5%
Shares of NYSE:ARE traded near $52.85 on Wednesday. Alexandria Real Estate Equities has a market cap of $9.21 billion. The company currently has no meaningful P/E ratio due to its lack of profitability. Its 52-week low is $39.41, and its high is $88.24. The stock's 50-day moving average is $48.47, with a 200-day moving average of $55.46. The company has a current ratio of 0.797 and a quick ratio of 0.657, while its debt-to-equity ratio stands at 66.51.
$ARE price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Alexandria Real Estate Equities reported revenue of $2.93 billion, with a revenue growth decline of 11.5%. The company has a negative net margin of 36.1% and a return on equity of -4.1%. The next earnings report is expected on August 3, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
6 target cuts vs 0 raises.
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EPS & revenue
EPS beat estimates by 1459.0%. Revenue missed estimates by 2.8%.
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Profit surprise
EBITDA beat by 12 percent. Operating income beat by 90 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
1 downgrade, 6 target cuts.
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Earnings quality
Gross margin down 2.9 points. Operating margin down 3.5 points. Positive free cash flow.
Earnings Call Summary
Alexandria faced a tough first quarter with leasing volume down to 647,000 square feet, driven by zero public biotech leases and 657,000 square feet of key expirations that went vacant. Occupancy fell to 87.7 percent from 91 percent in the prior quarter. Management highlighted strong execution in their three largest markets where they captured twice their market share, but acknowledged pressure from FDA uncertainty, NIH leadership challenges, and tight public capital markets. The company remains focused on its path forward including balance sheet strength, cost reduction, and substantial asset dispositions.
Guidance The company reaffirmed its full year 2026 FFO guidance at $6.40 per share but lowered the fourth quarter guidance to a midpoint of $1.45 from $1.50, primarily due to reduced capitalized interest expectations. Management expects second quarter leasing around 900,000 square feet and dispositions of $2.9 billion weighted to August. The company intends to improve occupancy and reduce capital needs through asset sales and joint ventures.
Very weak report. The release materially worsened the forward outlook.
Dividend
Alexandria Real Estate Equities pays an annual dividend rate of $2.88, yielding 5.45%. The dividend payout ratio is 6.89%.
Insider Buying and Selling at Alexandria Real Estate Equities, Inc.
Recent insider activity includes CFO Marc Binda selling 2,000 shares at $54 each on June 9, 2026, under a planned transaction. CEO Peter Moglia sold 1,067 shares at $49.68 on May 29, 2026. In contrast, Executive Chairman Joel Marcus purchased 7,500 shares at $46.34 on May 6, 2026, 7,500 shares at $42.72 on May 5, 2026, and 10,000 shares at $41.02 on May 4, 2026. EVP Gregory Calvin Thomas bought 3,500 shares at $41.00 on April 30, 2026.
Analysts Set New Price Targets
On July 1, 2026, Evercore ISI Group maintained its buy rating and set a $60 price target for Alexandria Real Estate Equities. BMO Capital maintained a hold rating with a $54 target on June 12, 2026. Morgan Stanley also maintained a hold rating with a $53 target on May 26, 2026. The consensus among analysts is a hold rating, with a mean price target of $51.79 based on 14 opinions.
About Alexandria Real Estate Equities, Inc.
Alexandria Real Estate Equities, Inc. is a real estate investment trust (REIT) specializing in office properties for the life sciences sector. Based in Pasadena, California, the company is a leader in developing collaborative campuses in key U.S. life science hubs like Boston, San Francisco, and San Diego. Founded in 1994, it operates under the leadership of CEO Peter Moglia and employs 514 people.
Bottom Line
Alexandria Real Estate Equities, Inc. is a key player in the life science real estate market. Evercore ISI's reiterated buy rating and $60 price target reflect optimism about the company's potential. Investors should note that 13F filings, like peer fund activities, are historical and may not reflect current positions.
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