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Alexandria Real Estate Equities Inc (NYSE:ARE) issued an update on its FY14 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $4.74-4.80 for the period, compared to the Thomson Reuters consensus estimate of $4.76, StockRatingsNetwork.com reports.

Shares of Alexandria Real Estate Equities Inc (NYSE:ARE) traded up 0.52% on Monday, hitting $79.28. 315,469 shares of the company’s stock traded hands. Alexandria Real Estate Equities Inc has a 52 week low of $60.86 and a 52 week high of $79.73. The stock’s 50-day moving average is $77.61 and its 200-day moving average is $73.56. The company has a market cap of $5.680 billion and a price-to-earnings ratio of 46.39.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings data on Monday, July 28th. The company reported $1.19 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.18 by $0.01. The company had revenue of $176.40 million for the quarter, compared to the consensus estimate of $176.90 million. During the same quarter in the prior year, the company posted $1.00 earnings per share. Alexandria Real Estate Equities’s revenue was up 14.6% compared to the same quarter last year. On average, analysts predict that Alexandria Real Estate Equities Inc will post $4.77 earnings per share for the current fiscal year.

ARE has been the subject of a number of recent research reports. Analysts at Barclays raised their price target on shares of Alexandria Real Estate Equities from $79.00 to $83.00 in a research note on Monday, July 21st. They now have an overweight rating on the stock. On a related note, analysts at RBC Capital raised their price target on shares of Alexandria Real Estate Equities from $73.00 to $77.00 in a research note on Tuesday, May 13th. They now have a sector perform rating on the stock. Finally, analysts at JMP Securities reiterated a market outperform rating on shares of Alexandria Real Estate Equities in a research note on Wednesday, May 7th. They now have a $78.00 price target on the stock, up previously from $77.00. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of Hold and an average price target of $75.86.

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

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