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Alexandria Real Estate Equities (NYSE:ARE) Director James H. Richardson unloaded 2,000 shares of the stock on the open market in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $78.54, for a total transaction of $157,080.00. Following the transaction, the director now directly owns 103,250 shares of the company’s stock, valued at approximately $8,109,255. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

A number of analysts have recently weighed in on ARE shares. Analysts at RBC Capital upgraded shares of Alexandria Real Estate Equities from a “sector perform” rating to an “outperform” rating in a research note on Thursday, July 31st. They now have a $86.00 price target on the stock, up previously from $77.00. Separately, analysts at Jefferies Group reiterated a “market outperform” rating on shares of Alexandria Real Estate Equities in a research note on Wednesday, July 30th. They now have a $82.00 price target on the stock, up previously from $78.00. Finally, 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. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Alexandria Real Estate Equities has a consensus rating of “Buy” and a consensus target price of $77.75.

Alexandria Real Estate Equities (NYSE:ARE) traded down 0.40% on Friday, hitting $78.08. 398,864 shares of the company’s stock traded hands. Alexandria Real Estate Equities has a 1-year low of $60.86 and a 1-year high of $79.73. The stock’s 50-day moving average is $78.09 and its 200-day moving average is $74.79. The company has a market cap of $5.602 billion and a price-to-earnings ratio of 45.90.

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. The company’s quarterly revenue was up 14.6% on a year-over-year basis. Analysts expect that Alexandria Real Estate Equities will post $4.78 EPS for the current fiscal year.

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

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