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Alexandria Real Estate Equities (NYSE:ARE)‘s stock had its “market outperform” rating reaffirmed by equities research analysts at JMP Securities in a research note issued to investors on Wednesday, American Banking & Market News reports. They currently have a $78.00 target price on the stock, up from their previous target price of $77.00. JMP Securities’ price objective points to a potential upside of 4.32% from the stock’s previous close.

ARE has been the subject of a number of other recent research reports. Analysts at Barclays reiterated an “overweight” rating on shares of Alexandria Real Estate Equities in a research note on Tuesday, April 22nd. They now have a $79.00 price target on the stock, up previously from $75.00. Separately, analysts at Citigroup Inc. downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 1st. They now have a $73.00 price target on the stock. Finally, analysts at Cowen and Company raised their price target on shares of Alexandria Real Estate Equities from $72.00 to $80.00 in a research note on Tuesday, March 11th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $75.00.

Alexandria Real Estate Equities (NYSE:ARE) traded up 0.12% on Wednesday, hitting $74.77. The stock had a trading volume of 494,050 shares. Alexandria Real Estate Equities has a one year low of $60.86 and a one year high of $78.43. The stock’s 50-day moving average is $72.96 and its 200-day moving average is $68.58. The company has a market cap of $5.314 billion and a price-to-earnings ratio of 44.06.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, May 5th. The company reported $1.17 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.15 by $0.02. The company had revenue of $176.20 million for the quarter, compared to the consensus estimate of $172.51 million. During the same quarter in the prior year, the company posted $1.11 earnings per share. The company’s quarterly revenue was up 17.4% on a year-over-year basis. Analysts expect that Alexandria Real Estate Equities will post $4.73 EPS for the current fiscal year.

Alexandria Real Estate Equities, Inc is a real estate investment trust (NYSE:ARE).

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