Barclays Analysts Give Alexandria Real Estate Equities (NYSE:ARE) a $153.00 Price Target

Alexandria Real Estate Equities (NYSE:ARE) has been given a $153.00 price target by stock analysts at Barclays in a report issued on Friday, TipRanks reports. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. Barclays‘s target price would suggest a potential downside of 0.29% from the company’s current price.

A number of other equities analysts also recently weighed in on ARE. DA Davidson boosted their target price on shares of Alexandria Real Estate Equities to $166.00 and gave the stock a “buy” rating in a report on Friday, August 16th. GMP Securities reiterated an “average” rating and issued a $26.00 price objective on shares of Alexandria Real Estate Equities in a report on Thursday, August 1st. JPMorgan Chase & Co. upped their price objective on shares of Alexandria Real Estate Equities from $140.00 to $147.00 and gave the company a “neutral” rating in a report on Tuesday, August 13th. Citigroup upped their price objective on shares of Alexandria Real Estate Equities from $157.00 to $162.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Finally, ValuEngine downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Eight investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Alexandria Real Estate Equities currently has a consensus rating of “Hold” and an average price target of $116.91.

ARE traded down $0.52 during trading on Friday, reaching $153.45. 7,255 shares of the stock were exchanged, compared to its average volume of 588,912. The stock has a market cap of $17.48 billion, a P/E ratio of 23.24, a price-to-earnings-growth ratio of 4.63 and a beta of 0.73. Alexandria Real Estate Equities has a twelve month low of $109.04 and a twelve month high of $155.99. The stock’s 50 day moving average price is $152.06 and its two-hundred day moving average price is $146.43. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.21 and a current ratio of 0.21.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, July 29th. The real estate investment trust reported $0.68 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.72 by ($1.04). The firm had revenue of $373.90 million for the quarter, compared to analyst estimates of $366.81 million. Alexandria Real Estate Equities had a return on equity of 5.00% and a net margin of 28.05%. Alexandria Real Estate Equities’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.64 earnings per share. Equities research analysts predict that Alexandria Real Estate Equities will post 6.97 earnings per share for the current fiscal year.

In other Alexandria Real Estate Equities news, insider Joel S. Marcus sold 20,000 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $145.10, for a total value of $2,902,000.00. Following the transaction, the insider now directly owns 495,712 shares in the company, valued at $71,927,811.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Marc E. Binda sold 3,775 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $146.04, for a total transaction of $551,301.00. Following the completion of the sale, the executive vice president now directly owns 39,569 shares of the company’s stock, valued at approximately $5,778,656.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 96,233 shares of company stock worth $14,160,256. Corporate insiders own 1.43% of the company’s stock.

Several institutional investors have recently made changes to their positions in ARE. Steward Partners Investment Advisory LLC bought a new stake in shares of Alexandria Real Estate Equities in the second quarter valued at about $30,000. CSat Investment Advisory L.P. boosted its position in shares of Alexandria Real Estate Equities by 65.9% in the second quarter. CSat Investment Advisory L.P. now owns 224 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 89 shares during the period. Meeder Asset Management Inc. boosted its position in shares of Alexandria Real Estate Equities by 883.3% in the second quarter. Meeder Asset Management Inc. now owns 295 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 265 shares during the period. Signaturefd LLC boosted its position in shares of Alexandria Real Estate Equities by 19.2% in the second quarter. Signaturefd LLC now owns 541 shares of the real estate investment trust’s stock valued at $76,000 after acquiring an additional 87 shares during the period. Finally, SRS Capital Advisors Inc. bought a new stake in shares of Alexandria Real Estate Equities in the second quarter valued at about $95,000. 98.68% of the stock is owned by institutional investors.

About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> company, is an urban office real estate investment trust ("REIT") uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations, with a total market capitalization of $21.8 billion and an asset base in North America of 33.7 million square feet ("SF") as of March 31, 2019.

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

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