Alexandria Real Estate Equities (NYSE:ARE) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, January 29th.
A number of other research firms also recently issued reports on ARE. Canaccord Genuity reissued an “average” rating and issued a $24.00 target price on shares of Alexandria Real Estate Equities in a research report on Tuesday, December 18th. Zacks Investment Research upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $141.00 price target on the stock in a research note on Tuesday, January 29th. CIBC restated a “buy” rating and issued a $23.00 price objective on shares of Alexandria Real Estate Equities in a research note on Tuesday, January 15th. Evercore ISI set a $148.00 price objective on shares of Alexandria Real Estate Equities and gave the company a “buy” rating in a report on Monday, October 15th. Finally, Citigroup raised shares of Alexandria Real Estate Equities from a “neutral” rating to a “buy” rating and upped their price objective for the company from $133.00 to $144.00 in a research note on Monday, December 3rd. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $105.14.
Alexandria Real Estate Equities stock traded down $0.38 during trading on Tuesday, reaching $134.59. The company had a trading volume of 55,729 shares, compared to its average volume of 657,896. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.29 and a current ratio of 0.29. Alexandria Real Estate Equities has a 12-month low of $109.04 and a 12-month high of $136.19. The company has a market cap of $15.30 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 4.45 and a beta of 0.91.
Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, February 4th. The real estate investment trust reported ($0.30) EPS for the quarter, missing the consensus estimate of $1.69 by ($1.99). The firm had revenue of $340.50 million during the quarter, compared to the consensus estimate of $348.01 million. Alexandria Real Estate Equities had a return on equity of 5.28% and a net margin of 28.57%. The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period last year, the business earned $1.53 earnings per share. Sell-side analysts predict that Alexandria Real Estate Equities will post 6.95 EPS for the current year.
In related news, insider Thomas J. Andrews sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $134.18, for a total transaction of $3,354,500.00. Following the completion of the sale, the insider now owns 146,916 shares of the company’s stock, valued at $19,713,188.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Stephen Richardson sold 7,500 shares of Alexandria Real Estate Equities stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $125.09, for a total value of $938,175.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 97,500 shares of company stock valued at $12,783,725. Company insiders own 1.41% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in ARE. Riverview Trust Co purchased a new position in Alexandria Real Estate Equities during the fourth quarter worth about $32,000. We Are One Seven LLC purchased a new position in Alexandria Real Estate Equities during the 4th quarter valued at about $59,000. SRS Capital Advisors Inc. grew its holdings in shares of Alexandria Real Estate Equities by 53.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 683 shares of the real estate investment trust’s stock worth $79,000 after acquiring an additional 239 shares during the period. Loeb Partners Corp purchased a new position in shares of Alexandria Real Estate Equities during the 4th quarter worth approximately $115,000. Finally, ETF Managers Group LLC grew its holdings in shares of Alexandria Real Estate Equities by 18.6% during the 4th quarter. ETF Managers Group LLC now owns 1,069 shares of the real estate investment trust’s stock worth $123,000 after acquiring an additional 168 shares during the period. Institutional investors own 97.51% of the company’s stock.
Alexandria Real Estate Equities Company Profile
Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500 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 $19.1 billion and an asset base in North America of 32.2 million square feet (SF) as of September 30, 2018.
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