Evercore ISI analyst Sheila McGrath maintained a Buy rating on Alexandria Real Estate Equities on Friday, setting a price target of $225, which is approximately 15.96% above the present share price of $194.03.
McGrath expects Alexandria Real Estate Equities to post earnings per share (EPS) of $2.61 for the fourth quarter of 2021.
The current consensus among 6 TipRanks analysts is for a Strong Buy rating of shares in Alexandria Equities (NYSE:ARE), with an average price target of $216.
The analysts price targets range from a high of $225 to a low of $200.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $509.62 million and a net profit of $137.73 million. The company's market cap is $29.56 billion.
According to TipRanks.com, Evercore ISI analyst Sheila McGrath is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 8.3% and a 52.63% success rate.
Alexandria Real Estate Equities, Inc. is an urban office real estate investment trust, which engages in the ownership, operation, development, and redevelopment of life science and technology properties. It also provides a space for lease to the life science and technology industries which are primarily located in AAA urban innovation cluster locations.