Share on StockTwits

Alexandria Real Estate Equities (NYSE:ARE) hit a new 52-week high during mid-day trading on Tuesday , reports. The company traded as high as $79.87 and last traded at $79.78, with a volume of 116,021 shares trading hands. The stock had previously closed at $79.55.

Several analysts have recently commented on the stock. 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 research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $77.75.

The stock’s 50-day moving average is $78.16 and its 200-day moving average is $74.92. The company has a market cap of $5.722 billion and a P/E ratio of 46.57.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results 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. On average, analysts predict that Alexandria Real Estate Equities will post $4.78 earnings per share for the current fiscal year.

In other Alexandria Real Estate Equities news, Director James H. Richardson unloaded 2,000 shares of the stock 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.