Alexandria Real Estate EquitiesARE
Market Cap: $20.3B
About: Alexandria Real Estate Equities Inc is an urban office real estate investment trust (REIT). It is engaged in the business of providing space for lease to life science, agtech, and technology tenants. The company has established a significant market presence in key locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle. Alexandria has a longstanding and proven track record of developing Class A properties clustered in urban life science, agtech, and technology campuses that provide tenants with highly dynamic and collaborative environments. Alexandria also provides strategic capital to transformative life science, agtech, and technology companies through venture capital platform.
Employees: 568
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
27% more first-time investments, than exits
New positions opened: 95 | Existing positions closed: 75
6.01% more ownership
Funds ownership: 87.03% [Q1] → 93.04% (+6.01%) [Q2]
3% more funds holding
Funds holding: 633 [Q1] → 653 (+20) [Q2]
2% more repeat investments, than reductions
Existing positions increased: 249 | Existing positions reduced: 244
3% less capital invested
Capital invested by funds: $19.6B [Q1] → $19B (-$572M) [Q2]
29% less call options, than puts
Call options by funds: $64.6M | Put options by funds: $90.5M
55% less funds holding in top 10
Funds holding in top 10: 11 [Q1] → 5 (-6) [Q2]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Evercore ISI Group Steve Sakwa 66% 1-year accuracy 31 / 47 met price target | 9%upside $127 | In-Line Maintained | 28 Aug 2024 |
RBC Capital Michael Carroll 81% 1-year accuracy 17 / 21 met price target | 12%upside $130 | Outperform Maintained | 5 Aug 2024 |
Jefferies Peter Abramowitz 83% 1-year accuracy 5 / 6 met price target | 9%upside $127 | Hold Downgraded | 2 Aug 2024 |
B of A Securities Jeffrey Spector 50% 1-year accuracy 1 / 2 met price target | 8%upside $126 | Neutral Downgraded | 29 Jul 2024 |
Evercore ISI Group Steve Sakwa 66% 1-year accuracy 31 / 47 met price target | 8%upside $126 | In-Line Downgraded | 25 Jul 2024 |
Financial journalist opinion
Based on 14 articles about ARE published over the past 30 days