JMP Securities analyst Aaron Hecht reiterated a Buy rating on Alexandria Real Estate Equities on Thursday, setting a price target of $220, which is approximately 11.00% above the present share price of $198.19.
Hecht expects Alexandria Real Estate Equities to post earnings per share (EPS) of $0.67 for the fourth quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Strong Buy rating of shares in Alexandria Equities (NYSE:ARE), with an average price target of $226.2.
The analysts price targets range from a high of $235 to a low of $218.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $547.76 million and a net profit of $132.99 million. The company's market cap is $30.71 billion.
According to TipRanks.com, JMP Securities analyst Aaron Hecht is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 12.5% and a 62.83% 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.