Alexandria Real Estate Equities Inc. (NYSE:ARE) has been assigned an average rating of “Buy” from the eleven ratings firms that are currently covering the firm. Five analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $116.14.

A number of research analysts recently weighed in on ARE shares. Zacks Investment Research upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $123.00 target price on the stock in a report on Friday, August 19th. Barclays PLC lifted their target price on Alexandria Real Estate Equities from $113.00 to $121.00 and gave the company an “overweight” rating in a report on Tuesday, August 23rd. TheStreet cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a report on Monday, August 1st. RBC Capital Markets reiterated an “outperform” rating and issued a $120.00 target price (up previously from $105.00) on shares of Alexandria Real Estate Equities in a report on Thursday, August 4th. Finally, BTIG Research initiated coverage on Alexandria Real Estate Equities in a report on Thursday, August 25th. They issued a “buy” rating and a $124.00 target price on the stock.

In other news, EVP Thomas J. Andrews sold 10,000 shares of Alexandria Real Estate Equities stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $110.75, for a total transaction of $1,107,500.00. Following the sale, the executive vice president now directly owns 139,600 shares of the company’s stock, valued at $15,460,700. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CIO Peter M. Moglia sold 4,000 shares of Alexandria Real Estate Equities stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $110.20, for a total value of $440,800.00. Following the sale, the executive now directly owns 94,867 shares in the company, valued at $10,454,343.40. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Several hedge funds have recently made changes to their positions in ARE. Whalerock Point Partners LLC acquired a new stake in shares of Alexandria Real Estate Equities during the third quarter worth about $388,000. Piedmont Investment Advisors LLC purchased a new stake in shares of Alexandria Real Estate Equities during the third quarter valued at $131,000. Quantitative Systematic Strategies LLC purchased a new stake in shares of Alexandria Real Estate Equities during the third quarter valued at $242,000. Ameritas Investment Partners Inc. raised its stake in shares of Alexandria Real Estate Equities by 101.2% in the third quarter. Ameritas Investment Partners Inc. now owns 23,498 shares of the real estate investment trust’s stock valued at $2,556,000 after buying an additional 11,817 shares in the last quarter. Finally, Xact Kapitalforvaltning AB purchased a new stake in shares of Alexandria Real Estate Equities during the third quarter valued at $469,000. 98.49% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Alexandria Real Estate Equities (NYSE:ARE) opened at 111.96 on Wednesday. The firm’s market capitalization is $8.89 billion. Alexandria Real Estate Equities has a 12 month low of $70.69 and a 12 month high of $114.67. The company has a 50 day moving average price of $106.09 and a 200-day moving average price of $105.04.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Tuesday, November 1st. The real estate investment trust reported $1.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.01. Alexandria Real Estate Equities had a negative return on equity of 1.37% and a negative net margin of 6.05%. The firm had revenue of $230.38 million for the quarter, compared to analysts’ expectations of $165.66 million. During the same quarter last year, the firm earned $1.33 earnings per share. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. Equities research analysts expect that Alexandria Real Estate Equities will post $5.52 EPS for the current fiscal year.

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 office/laboratory and technology office space for lease to the science and technology industries. It is focused on collaborative science and technology campuses. It develops urban cluster campuses and ecosystems.

5 Day Chart for NYSE:ARE

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