Alexandria Real Estate Equities (NYSE:ARE) Stock Rating Upgraded by StockNews.com


Alexandria Real Estate Equities (NYSE:AREGet Free Report) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

A number of other research analysts have also issued reports on the stock. JMP Securities reissued a “market outperform” rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Alexandria Real Estate Equities in a research note on Tuesday, January 30th. They issued a “buy” rating and a $140.00 price target for the company. Wedbush reaffirmed an “outperform” rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 31st. Finally, Mizuho upped their price target on shares of Alexandria Real Estate Equities from $145.00 to $154.00 and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Alexandria Real Estate Equities has a consensus rating of “Moderate Buy” and a consensus target price of $137.13.

Read Our Latest Research Report on ARE

Alexandria Real Estate Equities Trading Up 2.1 %

Alexandria Real Estate Equities stock opened at $126.16 on Thursday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average price of $122.14 and a two-hundred day moving average price of $114.15. The firm has a market capitalization of $22.07 billion, a price-to-earnings ratio of 233.63, a PEG ratio of 2.82 and a beta of 1.05. Alexandria Real Estate Equities has a 52-week low of $90.73 and a 52-week high of $135.45.

Alexandria Real Estate Equities (NYSE:AREGet Free Report) last posted its earnings results on Tuesday, January 30th. The real estate investment trust reported ($0.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.29 by ($2.83). The firm had revenue of $757.22 million for the quarter, compared to analyst estimates of $740.16 million. Alexandria Real Estate Equities had a net margin of 3.59% and a return on equity of 0.46%. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.14 earnings per share. Sell-side analysts expect that Alexandria Real Estate Equities will post 9.47 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Peter M. Moglia sold 3,200 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $122.90, for a total value of $393,280.00. Following the sale, the chief executive officer now directly owns 249,683 shares in the company, valued at approximately $30,686,040.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Peter M. Moglia sold 3,200 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $122.90, for a total transaction of $393,280.00. Following the sale, the chief executive officer now owns 249,683 shares in the company, valued at $30,686,040.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Joel S. Marcus sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $118.92, for a total transaction of $891,900.00. Following the sale, the chairman now owns 429,538 shares in the company, valued at approximately $51,080,658.96. The disclosure for this sale can be found here. Insiders own 0.96% of the company’s stock.

Institutional Investors Weigh In On Alexandria Real Estate Equities

A number of large investors have recently made changes to their positions in ARE. Lasalle Investment Management Securities LLC increased its stake in Alexandria Real Estate Equities by 7.5% in the 3rd quarter. Lasalle Investment Management Securities LLC now owns 386,916 shares of the real estate investment trust’s stock valued at $38,730,000 after buying an additional 26,885 shares during the period. Grantham Mayo Van Otterloo & Co. LLC lifted its position in Alexandria Real Estate Equities by 6.7% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 25,379 shares of the real estate investment trust’s stock worth $2,540,000 after buying an additional 1,593 shares in the last quarter. Boston Partners purchased a new stake in Alexandria Real Estate Equities in the 3rd quarter worth approximately $1,195,000. Phoenix Holdings Ltd. purchased a new stake in Alexandria Real Estate Equities in the 3rd quarter worth approximately $663,000. Finally, Rafferty Asset Management LLC lifted its position in Alexandria Real Estate Equities by 3.5% in the 3rd quarter. Rafferty Asset Management LLC now owns 17,391 shares of the real estate investment trust’s stock worth $1,741,000 after buying an additional 593 shares in the last quarter. Institutional investors and hedge funds own 86.36% of the company’s stock.

About Alexandria Real Estate Equities

(Get Free Report)

Alexandria Real Estate Equities, Inc (NYSE: ARE), an S&P 500 company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. As the pioneer of the life science real estate niche since our founding in 1994, Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative life science, agtech, and advanced technology mega campuses in AAA innovation cluster locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.

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Analyst Recommendations for Alexandria Real Estate Equities (NYSE:ARE)



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