Table of Contents
Alexandria Real Estate Equities (NYSE:ARE – Get Rating) had its target price increased by JPMorgan Chase & Co. from $176.00 to $177.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 5.49% from the company’s previous close.
ARE has been the subject of a number of other research reports. Evercore ISI lowered their price objective on shares of Alexandria Real Estate Equities to $168.00 in a research report on Friday, December 2nd. Royal Bank of Canada cut their price target on Alexandria Real Estate Equities from $220.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, November 10th. Robert W. Baird lifted their price target on Alexandria Real Estate Equities from $162.00 to $174.00 and gave the company an “outperform” rating in a report on Thursday. JMP Securities reissued a “buy” rating and set a $180.00 target price on shares of Alexandria Real Estate Equities in a report on Tuesday. Finally, BTIG Research dropped their target price on Alexandria Real Estate Equities from $233.00 to $186.00 in a report on Wednesday, October 19th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Alexandria Real Estate Equities has a consensus rating of “Moderate Buy” and a consensus price target of $175.38.
Alexandria Real Estate Equities Trading Down 1.8 %
Shares of ARE stock opened at $167.79 on Thursday. The stock has a market cap of $29.04 billion, a price-to-earnings ratio of 54.58, a price-to-earnings-growth ratio of 2.37 and a beta of 0.94. The firm’s 50 day moving average price is $151.55 and its two-hundred day moving average price is $150.28. Alexandria Real Estate Equities has a fifty-two week low of $126.74 and a fifty-two week high of $206.85. The company has a quick ratio of 0.37, a current ratio of 0.35 and a debt-to-equity ratio of 0.45.
Alexandria Real Estate Equities (NYSE:ARE – Get Rating) last posted its quarterly earnings data on Tuesday, January 31st. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.13 by ($1.82). The firm had revenue of $670.28 million for the quarter, compared to analysts’ expectations of $674.21 million. Alexandria Real Estate Equities had a net margin of 20.15% and a return on equity of 2.80%. The company’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.97 EPS. On average, analysts anticipate that Alexandria Real Estate Equities will post 8.92 EPS for the current year.
Insider Activity at Alexandria Real Estate Equities
In other Alexandria Real Estate Equities news, CEO Peter M. Moglia sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 13th. The stock was sold at an average price of $151.89, for a total value of $303,780.00. Following the sale, the chief executive officer now owns 167,099 shares of the company’s stock, valued at approximately $25,380,667.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Dean A. Shigenaga sold 9,000 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Wednesday, December 14th. The stock was sold at an average price of $152.51, for a total transaction of $1,372,590.00. Following the sale, the chief financial officer now owns 134,832 shares of the company’s stock, valued at approximately $20,563,228.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Peter M. Moglia sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 13th. The stock was sold at an average price of $151.89, for a total value of $303,780.00. Following the transaction, the chief executive officer now owns 167,099 shares of the company’s stock, valued at approximately $25,380,667.11. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 34,253 shares of company stock valued at $5,179,946. Corporate insiders own 0.96% of the company’s stock.
Hedge Funds Weigh In On Alexandria Real Estate Equities
Several hedge funds and other institutional investors have recently modified their holdings of ARE. Ronald Blue Trust Inc. bought a new position in Alexandria Real Estate Equities in the 2nd quarter valued at $25,000. Glassman Wealth Services raised its position in shares of Alexandria Real Estate Equities by 137.2% during the second quarter. Glassman Wealth Services now owns 204 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 118 shares during the last quarter. Guardian Wealth Advisors LLC acquired a new stake in shares of Alexandria Real Estate Equities during the third quarter worth $36,000. First Horizon Advisors Inc. raised its position in shares of Alexandria Real Estate Equities by 96.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 254 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 125 shares during the period. Finally, Private Trust Co. NA bought a new position in Alexandria Real Estate Equities during the 2nd quarter worth approximately $43,000. Institutional investors own 89.81% of the company’s stock.
About Alexandria Real Estate Equities
Alexandria Real Estate Equities, Inc is an urban office real estate investment trust. The firm engages in the ownership, operation, development, and redevelopment of life science and technology properties. It also provides a space for lease to the life science and technology industries, which are primarily located in AAA urban innovation cluster locations.
Recommended Stories
Receive News & Ratings for Alexandria Real Estate Equities Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Alexandria Real Estate Equities and related companies with MarketBeat.com’s FREE daily email newsletter.