Alexandria Real Estate Equities Inc. (NYSE:ARE) updated its FY17 earnings guidance on Wednesday. The company provided earnings per share guidance of $5.90-6.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.02.

A number of equities analysts have weighed in on the stock. Mizuho raised their target price on shares of Alexandria Real Estate Equities from $113.00 to $125.00 and gave the company a buy rating in a research note on Thursday, August 4th. Royal Bank Of Canada raised their target price on shares of Alexandria Real Estate Equities from $105.00 to $120.00 and gave the company an outperform rating in a research note on Thursday, August 4th. JPMorgan Chase & Co. raised their target price on shares of Alexandria Real Estate Equities from $104.00 to $111.00 and gave the company an overweight rating in a research note on Tuesday, August 16th. Zacks Investment Research downgraded shares of Alexandria Real Estate Equities from a buy rating to a hold rating in a research report on Tuesday, November 22nd. Finally, BTIG Research started coverage on shares of Alexandria Real Estate Equities in a research report on Thursday, August 25th. They set a buy rating and a $124.00 price target for the company. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Alexandria Real Estate Equities has a consensus rating of Buy and a consensus price target of $117.00.

Shares of Alexandria Real Estate Equities Inc. (NYSE:ARE) opened at 111.72 on Wednesday. The stock’s market cap is $8.87 billion. The company has a 50-day moving average of $106.33 and a 200 day moving average of $105.32. Alexandria Real Estate Equities Inc. has a one year low of $70.69 and a one year high of $114.67.

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

In other news, EVP Thomas J. Andrews sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $110.75, for a total value of $1,107,500.00. Following the completion of the sale, the executive vice president now owns 139,600 shares of the company’s stock, valued at approximately $15,460,700. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel J. Ryan sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, November 3rd. The stock was sold at an average price of $102.53, for a total transaction of $768,975.00. Following the completion of the sale, the executive vice president now directly owns 84,700 shares of the company’s stock, valued at approximately $8,684,291. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.

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Several large investors have recently made changes to their positions in the company. Piedmont Investment Advisors LLC acquired a new stake in shares of Alexandria Real Estate Equities during the third quarter valued at $131,000. Tredje AP fonden purchased a new position in Alexandria Real Estate Equities during the second quarter valued at approximately $146,000. Advisor Group Inc. purchased a new position in Alexandria Real Estate Equities during the second quarter valued at approximately $194,000. Quantitative Systematic Strategies LLC purchased a new position in Alexandria Real Estate Equities during the third quarter valued at approximately $242,000. Finally, GAM Holding AG purchased a new position in Alexandria Real Estate Equities during the second quarter valued at approximately $236,000. 98.49% of the stock is owned by hedge funds and other institutional investors.

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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