Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) have received a consensus rating of “Hold” from the nine analysts that are presently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $108.80.

ARE has been the subject of a number of recent analyst reports. Zacks Investment Research raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $135.00 price objective for the company in a research report on Wednesday, August 9th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Alexandria Real Estate Equities in a research report on Monday, October 23rd. BidaskClub downgraded Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. National Bank Financial downgraded Alexandria Real Estate Equities from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $20.00 to $18.00 in a research report on Monday, October 23rd. Finally, Mizuho reissued a “buy” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, November 1st.

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Shares of Alexandria Real Estate Equities (ARE) traded up $0.02 during trading hours on Monday, hitting $126.21. The stock had a trading volume of 1,302,735 shares, compared to its average volume of 730,070. The stock has a market capitalization of $12,080.00, a P/E ratio of 21.37, a P/E/G ratio of 3.48 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 has a twelve month low of $105.74 and a twelve month high of $127.15.

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

In other Alexandria Real Estate Equities news, EVP Thomas J. Andrews sold 5,000 shares of the business’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $120.41, for a total transaction of $602,050.00. Following the completion of the sale, the executive vice president now owns 153,000 shares of the company’s stock, valued at $18,422,730. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Joel S. Marcus sold 25,000 shares of the business’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $118.99, for a total value of $2,974,750.00. Following the sale, the chief executive officer now directly owns 664,436 shares of the company’s stock, valued at approximately $79,061,239.64. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,000 shares of company stock valued at $4,806,000. 1.60% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the business. Hahn Capital Management LLC acquired a new position in shares of Alexandria Real Estate Equities during the third quarter worth about $10,241,000. Cetera Investment Advisers lifted its stake in shares of Alexandria Real Estate Equities by 18.1% during the third quarter. Cetera Investment Advisers now owns 7,399 shares of the real estate investment trust’s stock worth $877,000 after purchasing an additional 1,135 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in shares of Alexandria Real Estate Equities by 36.4% during the third quarter. Neuberger Berman Group LLC now owns 467,860 shares of the real estate investment trust’s stock worth $55,661,000 after purchasing an additional 124,943 shares in the last quarter. California Public Employees Retirement System lifted its stake in shares of Alexandria Real Estate Equities by 7.3% during the third quarter. California Public Employees Retirement System now owns 182,176 shares of the real estate investment trust’s stock worth $21,673,000 after purchasing an additional 12,471 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Alexandria Real Estate Equities by 15.2% during the third quarter. Janney Montgomery Scott LLC now owns 24,563 shares of the real estate investment trust’s stock worth $2,922,000 after purchasing an additional 3,250 shares in the last quarter.

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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