Alexandria Real Estate Equities (NYSE:ARE) had its price target increased by DA Davidson to $166.00 in a research report report published on Friday morning, The Fly reports. DA Davidson currently has a buy rating on the real estate investment trust’s stock.

Other equities analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. increased their price target on shares of Alexandria Real Estate Equities from $140.00 to $147.00 and gave the stock a neutral rating in a research report on Tuesday. Zacks Investment Research raised shares of Alexandria Real Estate Equities from a sell rating to a hold rating in a research report on Thursday, May 16th. Citigroup increased their price target on shares of Alexandria Real Estate Equities from $157.00 to $162.00 and gave the stock a buy rating in a research report on Tuesday, August 6th. GMP Securities reaffirmed an average rating and set a $26.00 price target on shares of Alexandria Real Estate Equities in a research report on Thursday, August 1st. Finally, ValuEngine cut shares of Alexandria Real Estate Equities from a buy rating to a hold rating in a research report on Thursday, August 1st. Seven equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Buy and a consensus target price of $111.70.

Shares of ARE stock traded up $2.94 during trading hours on Friday, hitting $148.10. 682,600 shares of the company were exchanged, compared to its average volume of 682,624. 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 has a one year low of $109.04 and a one year high of $153.51. The business’s 50-day simple moving average is $144.35 and its two-hundred day simple moving average is $142.21. The stock has a market capitalization of $16.24 billion, a price-to-earnings ratio of 22.44, a P/E/G ratio of 4.30 and a beta of 0.74.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.68 EPS for the quarter, missing the consensus estimate of $1.72 by ($1.04). Alexandria Real Estate Equities had a return on equity of 5.00% and a net margin of 28.05%. The company had revenue of $373.90 million for the quarter, compared to the consensus estimate of $366.81 million. During the same period in the previous year, the business posted $1.64 EPS. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. As a group, analysts anticipate that Alexandria Real Estate Equities will post 6.98 EPS for the current fiscal year.

In other Alexandria Real Estate Equities news, Director James P. Cain sold 450 shares of the firm’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $139.82, for a total value of $62,919.00. Following the transaction, the director now owns 3,506 shares of the company’s stock, valued at $490,208.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John H. Cunningham sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $144.00, for a total transaction of $864,000.00. Following the completion of the transaction, the executive vice president now directly owns 42,595 shares in the company, valued at approximately $6,133,680. The disclosure for this sale can be found here. Insiders sold 75,500 shares of company stock worth $10,957,978 in the last three months. 1.43% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Alexandria Real Estate Equities by 2.3% in the second quarter. Vanguard Group Inc. now owns 18,278,737 shares of the real estate investment trust’s stock worth $2,578,947,000 after acquiring an additional 414,930 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Alexandria Real Estate Equities by 7.5% in the first quarter. Principal Financial Group Inc. now owns 5,093,085 shares of the real estate investment trust’s stock worth $726,070,000 after acquiring an additional 356,441 shares during the last quarter. Northern Trust Corp lifted its holdings in Alexandria Real Estate Equities by 4.4% in the second quarter. Northern Trust Corp now owns 1,943,866 shares of the real estate investment trust’s stock worth $274,261,000 after acquiring an additional 81,169 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in Alexandria Real Estate Equities by 179.1% in the second quarter. Nuveen Asset Management LLC now owns 1,711,959 shares of the real estate investment trust’s stock worth $241,541,000 after acquiring an additional 1,098,573 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Alexandria Real Estate Equities by 11.0% during the fourth quarter. Geode Capital Management LLC now owns 1,694,216 shares of the real estate investment trust’s stock valued at $194,957,000 after buying an additional 168,461 shares during the last quarter. 97.03% of the stock is currently owned by hedge funds and other 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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