Alexandria Real Estate Equities (NYSE:ARE) Receives New Coverage from Analysts at StockNews.com
Equities researchers at StockNews.com began coverage on shares of Alexandria Real Estate Equities (NYSE:ARE – Get Rating) in a research report issued on Thursday. The brokerage sets a “hold” rating on the real estate investment trust’s stock.
Several other equity research analysts also recently weighed in on ARE. JMP Securities reaffirmed a “buy” rating and set a $180.00 target price on shares of Alexandria Real Estate Equities in a research note on Tuesday, January 31st. Evercore ISI decreased their price objective on shares of Alexandria Real Estate Equities to $168.00 in a research note on Friday, December 2nd. Mizuho increased their target price on shares of Alexandria Real Estate Equities from $178.00 to $180.00 and gave the stock a “buy” rating in a report on Monday, February 13th. JPMorgan Chase & Co. increased their target price on shares of Alexandria Real Estate Equities from $176.00 to $177.00 and gave the company an “overweight” rating in a research report on Thursday, February 2nd. Finally, Robert W. Baird increased their price objective on Alexandria Real Estate Equities from $162.00 to $174.00 and gave the stock an “outperform” rating in a report on Thursday, February 2nd. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $175.63.
Alexandria Real Estate Equities Price Performance
NYSE ARE opened at $126.95 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.35 and a current ratio of 0.35. The firm’s 50-day moving average price is $153.65 and its 200-day moving average price is $148.61. Alexandria Real Estate Equities has a 52-week low of $123.26 and a 52-week high of $206.85. The company has a market cap of $21.97 billion, a PE ratio of 40.56, a P/E/G ratio of 1.84 and a beta of 0.95.
Alexandria Real Estate Equities (NYSE:ARE – Get Rating) last released its quarterly earnings data on Tuesday, January 31st. The real estate investment trust reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $2.13 by ($1.82). The firm had revenue of $670.28 million during 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 firm’s quarterly revenue was up 16.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.97 EPS. Sell-side analysts forecast that Alexandria Real Estate Equities will post 8.95 EPS for the current fiscal year.
Insider Buying and Selling
In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus sold 9,000 shares of the company’s stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $168.00, for a total value of $1,512,000.00. Following the completion of the transaction, the chairman now owns 388,729 shares in the company, valued at $65,306,472. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Chairman Joel S. Marcus sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $168.00, for a total value of $1,512,000.00. Following the completion of the sale, the chairman now owns 388,729 shares in the company, valued at $65,306,472. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed via the SEC website. Also, EVP Marc E. Binda sold 3,298 shares of the business’s stock in a transaction that occurred on Monday, February 6th. The stock was sold at an average price of $167.21, for a total transaction of $551,458.58. Following the sale, the executive vice president now owns 67,005 shares of the company’s stock, valued at $11,203,906.05. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,101 shares of company stock worth $2,700,271. Corporate insiders own 0.96% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. raised its stake in shares of Alexandria Real Estate Equities by 8.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 4,377 shares of the real estate investment trust’s stock worth $881,000 after purchasing an additional 348 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Alexandria Real Estate Equities by 242.4% during the 1st quarter. American Century Companies Inc. now owns 4,499 shares of the real estate investment trust’s stock worth $906,000 after purchasing an additional 3,185 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Alexandria Real Estate Equities by 14.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,753 shares of the real estate investment trust’s stock worth $957,000 after buying an additional 598 shares during the last quarter. HighTower Advisors LLC lifted its position in shares of Alexandria Real Estate Equities by 11.7% during the 1st quarter. HighTower Advisors LLC now owns 5,903 shares of the real estate investment trust’s stock worth $1,187,000 after buying an additional 620 shares during the last quarter. Finally, Cetera Advisor Networks LLC raised its position in Alexandria Real Estate Equities by 7.3% in the first quarter. Cetera Advisor Networks LLC now owns 1,086 shares of the real estate investment trust’s stock valued at $219,000 after purchasing an additional 74 shares during the last quarter. 89.81% of the stock is owned by institutional investors.
About Alexandria Real Estate Equities
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Alexandria Real Estate Equities, Inc engages in the business of providing space for lease. The firm is also an owner, operator, and developer of life science, agrotechnology, and technology campuses in Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.
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