Alexandria Real Estate Equities Inc (ARE) Receives Average Recommendation of “Buy” from Analysts

Shares of Alexandria Real Estate Equities Inc (NYSE:ARE) have received an average recommendation of “Buy” from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $122.00.

ARE has been the subject of a number of research reports. BidaskClub raised shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. Zacks Investment Research raised shares of 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, Barclays PLC boosted their target price on shares of 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.

Alexandria Real Estate Equities (ARE) traded up 0.56% during trading on Wednesday, reaching $119.32. The company had a trading volume of 584,082 shares. Alexandria Real Estate Equities has a one year low of $101.51 and a one year high of $123.89. The firm’s 50-day moving average price is $120.48 and its 200 day moving average price is $116.85. The firm has a market capitalization of $11.17 billion, a P/E ratio of 269.35 and a beta of 0.86.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, July 31st. The real estate investment trust reported $1.50 EPS for the quarter, hitting analysts’ consensus estimates of $1.50. The business had revenue of $273.10 million during the quarter, compared to analysts’ expectations of $277.40 million. Alexandria Real Estate Equities had a net margin of 15.20% and a return on equity of 2.55%. The company’s quarterly revenue was up 20.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.36 earnings per share. Equities analysts forecast that Alexandria Real Estate Equities will post $1.46 earnings per share for the current fiscal year.

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In related news, insider Peter M. Moglia sold 2,000 shares of the company’s stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $119.00, for a total transaction of $238,000.00. Following the completion of the sale, the insider now owns 87,867 shares of the company’s stock, valued at approximately $10,456,173. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Peter M. Moglia sold 4,000 shares of the company’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $118.56, for a total transaction of $474,240.00. Following the sale, the insider now directly owns 91,867 shares of the company’s stock, valued at approximately $10,891,751.52. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 44,893 shares of company stock valued at $5,417,069. 1.51% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the stock. ING Groep NV acquired a new stake in shares of Alexandria Real Estate Equities during the first quarter valued at about $500,000. Bank of Montreal Can boosted its stake in shares of Alexandria Real Estate Equities by 181.2% in the second quarter. Bank of Montreal Can now owns 154,899 shares of the real estate investment trust’s stock valued at $18,660,000 after buying an additional 99,817 shares in the last quarter. Gotham Asset Management LLC acquired a new stake in shares of Alexandria Real Estate Equities during the first quarter valued at about $454,000. Sei Investments Co. boosted its stake in shares of Alexandria Real Estate Equities by 1.4% in the second quarter. Sei Investments Co. now owns 169,774 shares of the real estate investment trust’s stock valued at $20,453,000 after buying an additional 2,399 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in shares of Alexandria Real Estate Equities by 147.7% in the first quarter. DekaBank Deutsche Girozentrale now owns 5,375 shares of the real estate investment trust’s stock valued at $616,000 after buying an additional 3,205 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.

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