Alexandria Real Estate Equities, Inc. (NYSE:ARE) had its price objective increased by Bank of America Corporation from $129.00 to $133.00 in a note issued to investors on Monday. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. Bank of America Corporation’s target price points to a potential upside of 5.51% from the company’s previous close.

Several other research firms also recently weighed in on ARE. Zacks Investment Research upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $135.00 price target on the stock in a research note on Wednesday, August 9th. Royal Bank Of Canada reiterated a “hold” rating on shares of Alexandria Real Estate Equities in a research note on Monday, October 23rd. BidaskClub downgraded Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. National Bank Financial downgraded Alexandria Real Estate Equities from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from $20.00 to $18.00 in a research note on Monday, October 23rd. Finally, Barclays PLC boosted their price target on Alexandria Real Estate Equities from $129.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday, July 18th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $113.17.

Alexandria Real Estate Equities (NYSE:ARE) opened at $126.06 on Monday. Alexandria Real Estate Equities has a 1 year low of $103.32 and a 1 year high of $126.62. The stock has a market capitalization of $12,000.00, a PE ratio of 21.20, a P/E/G ratio of 3.45 and a beta of 0.85. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.21 and a current ratio of 0.21.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, October 30th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.51 by ($0.96). Alexandria Real Estate Equities had a net margin of 13.21% and a return on equity of 3.69%. The business had revenue of $285.60 million for the quarter, compared to analyst estimates of $286.11 million. During the same period in the prior year, the company earned $1.39 earnings per share. The company’s quarterly revenue was up 24.0% on a year-over-year basis. equities analysts predict that Alexandria Real Estate Equities will post 6.02 earnings per share for the current fiscal year.

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In other news, CEO Joel S. Marcus sold 15,500 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $121.16, for a total value of $1,877,980.00. Following the sale, the chief executive officer now owns 689,436 shares in the company, valued at $83,532,065.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Thomas J. Andrews sold 5,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $125.26, for a total value of $626,300.00. Following the completion of the sale, the executive vice president now owns 146,916 shares in the company, valued at approximately $18,402,698.16. The disclosure for this sale can be found here. Insiders sold 55,500 shares of company stock worth $6,683,980 in the last 90 days. Company insiders own 1.51% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of ARE. Vanguard Group Inc. boosted its stake in shares of Alexandria Real Estate Equities by 6.6% in the second quarter. Vanguard Group Inc. now owns 15,723,151 shares of the real estate investment trust’s stock worth $1,894,168,000 after buying an additional 970,646 shares during the last quarter. Cbre Clarion Securities LLC boosted its stake in shares of Alexandria Real Estate Equities by 67.5% in the second quarter. Cbre Clarion Securities LLC now owns 2,244,374 shares of the real estate investment trust’s stock worth $270,380,000 after buying an additional 904,575 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Alexandria Real Estate Equities by 724.8% in the second quarter. Janus Henderson Group PLC now owns 954,257 shares of the real estate investment trust’s stock worth $114,975,000 after buying an additional 838,568 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Alexandria Real Estate Equities by 60.6% in the second quarter. Bank of New York Mellon Corp now owns 2,147,368 shares of the real estate investment trust’s stock worth $258,693,000 after buying an additional 810,466 shares during the last quarter. Finally, Westfield Capital Management Co. LP purchased a new stake in shares of Alexandria Real Estate Equities in the second quarter worth about $83,357,000.

About Alexandria Real Estate Equities

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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