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Shares of Alexandria Real Estate Equities (NYSE:ARE) have earned an average recommendation of “Buy” from the eight ratings firms that are presently covering the stock, StockRatingsNetwork reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $77.75.

In other Alexandria Real Estate Equities news, Director James H. Richardson sold 3,250 shares of the stock on the open market in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $80.06, for a total value of $260,195.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

A number of research firms have recently commented on ARE. 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.

Alexandria Real Estate Equities (NYSE:ARE) opened at 79.31 on Wednesday. Alexandria Real Estate Equities has a one year low of $60.86 and a one year high of $80.65. The stock has a 50-day moving average of $78.42 and a 200-day moving average of $75.1. The company has a market cap of $5.690 billion and a price-to-earnings ratio of 46.96.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, July 28th. The company reported $1.19 earnings per share for the quarter, beating the analysts’ 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 last 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 will post $4.78 earnings per share for the current fiscal year.

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

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