Alexandria Real Estate Equities Inc (ARE) Receives Consensus Rating of “Buy” from Brokerages

Shares of Alexandria Real Estate Equities Inc (NYSE:ARE) have received a consensus rating of “Buy” from the ten ratings firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $105.67.

ARE has been the topic of several analyst reports. Canaccord Genuity reiterated a “buy” rating and issued a $20.37 price objective on shares of Alexandria Real Estate Equities in a report on Monday, December 11th. Bank of America upgraded Alexandria Real Estate Equities from a “neutral” rating to a “buy” rating and set a $133.00 price objective on the stock in a report on Monday, December 4th. Zacks Investment Research upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Barclays lifted their price objective on Alexandria Real Estate Equities from $132.00 to $133.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $135.00 price objective on shares of Alexandria Real Estate Equities in a report on Monday, February 12th.

In other Alexandria Real Estate Equities news, CFO Dean A. Shigenaga sold 29,000 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $125.21, for a total transaction of $3,631,090.00. Following the sale, the chief financial officer now directly owns 147,864 shares of the company’s stock, valued at approximately $18,514,051.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Joel S. Marcus sold 5,000 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $120.86, for a total value of $604,300.00. The disclosure for this sale can be found here. Insiders sold 116,250 shares of company stock worth $14,717,370 over the last three months. 1.51% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of ARE. Stifel Financial Corp boosted its position in Alexandria Real Estate Equities by 84.6% during the 2nd quarter. Stifel Financial Corp now owns 6,715 shares of the real estate investment trust’s stock valued at $807,000 after acquiring an additional 3,078 shares in the last quarter. Cubist Systematic Strategies LLC boosted its position in shares of Alexandria Real Estate Equities by 20.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 2,900 shares of the real estate investment trust’s stock worth $349,000 after purchasing an additional 500 shares in the last quarter. Ameritas Investment Partners Inc. boosted its position in shares of Alexandria Real Estate Equities by 1.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,069 shares of the real estate investment trust’s stock worth $249,000 after purchasing an additional 25 shares in the last quarter. Spirit of America Management Corp NY bought a new stake in shares of Alexandria Real Estate Equities in the 3rd quarter worth approximately $154,000. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of Alexandria Real Estate Equities by 1.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 78,954 shares of the real estate investment trust’s stock worth $9,395,000 after purchasing an additional 1,000 shares in the last quarter. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Alexandria Real Estate Equities (ARE) traded down $1.58 during midday trading on Wednesday, reaching $119.39. The company’s stock had a trading volume of 291,386 shares, compared to its average volume of 819,647. Alexandria Real Estate Equities has a twelve month low of $106.89 and a twelve month high of $134.37. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $12,417.96, a P/E ratio of 76.20, a price-to-earnings-growth ratio of 2.77 and a beta of 0.79.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, January 29th. The real estate investment trust reported $0.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.54 by ($1.16). The company had revenue of $298.79 million during the quarter, compared to analysts’ expectations of $293.63 million. Alexandria Real Estate Equities had a return on equity of 3.08% and a net margin of 14.77%. The firm’s quarterly revenue was up 19.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.42 EPS. analysts expect that Alexandria Real Estate Equities will post 6.57 earnings per share for the current year.

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Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc is a real estate investment (REIT). The Company is engaged in the business of providing space for lease to the life science and technology industries. It focuses on collaborative life science and technology campuses. It develops urban cluster campuses and ecosystems.

Analyst Recommendations for Alexandria Real Estate Equities (NYSE:ARE)

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