Alexandria Real Estate Equities, Inc. (ARE) Rating Lowered to Sell at BidaskClub

Alexandria Real Estate Equities, Inc. (NYSE:ARE) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

Several other brokerages also recently commented on ARE. Barclays PLC boosted their target price on Alexandria Real Estate Equities from $129.00 to $130.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 18th. Zacks Investment Research raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $136.00 target price for the company in a research note on Tuesday, July 18th. Finally, TheStreet raised Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a research note on Monday, May 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. Alexandria Real Estate Equities has a consensus rating of “Buy” and an average target price of $122.71.

Alexandria Real Estate Equities (ARE) opened at 120.62 on Wednesday. The company’s 50-day moving average is $120.12 and its 200 day moving average is $115.85. The firm has a market cap of $11.29 billion, a P/E ratio of 272.28 and a beta of 0.86. Alexandria Real Estate Equities has a 12 month low of $101.51 and a 12 month high of $123.89.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, July 31st. The real estate investment trust reported $1.50 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.50. The firm had revenue of $273.10 million during the quarter, compared to the consensus estimate of $277.40 million. Alexandria Real Estate Equities had a return on equity of 3.11% and a net margin of 9.45%. The business’s quarterly revenue was up 20.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.36 earnings per share. Equities research analysts expect that Alexandria Real Estate Equities will post $1.45 EPS for the current fiscal year.

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In related news, CEO Joel S. Marcus sold 13,893 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $121.22, for a total value of $1,684,109.46. Following the sale, the chief executive officer now directly owns 705,829 shares in the company, valued at $85,560,591.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Peter M. Moglia sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $118.56, for a total value of $474,240.00. Following the completion of the sale, the insider now owns 91,867 shares in the company, valued at $10,891,751.52. The disclosure for this sale can be found here. Insiders sold 33,393 shares of company stock valued at $3,987,774 in the last ninety days. 1.51% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in ARE. Perigon Wealth Management LLC boosted its stake in shares of Alexandria Real Estate Equities by 395.0% in the first quarter. Perigon Wealth Management LLC now owns 990 shares of the real estate investment trust’s stock valued at $110,000 after buying an additional 790 shares during the last quarter. First Personal Financial Services boosted its stake in shares of Alexandria Real Estate Equities by 28.6% in the first quarter. First Personal Financial Services now owns 1,031 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 229 shares during the last quarter. Capital Analysts LLC bought a new stake in shares of Alexandria Real Estate Equities during the second quarter valued at approximately $125,000. Invictus RG bought a new stake in shares of Alexandria Real Estate Equities during the first quarter valued at approximately $133,000. Finally, Victory Capital Management Inc. bought a new stake in shares of Alexandria Real Estate Equities during the first quarter valued at approximately $179,000.

Alexandria Real Estate Equities Company Profile

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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