Alexandria Real Estate Equities, Inc. (NYSE:ARE) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.

According to Zacks, “Shares of Alexandria outperformed the Zacks-categorized REIT and Equity Trust – Other industry over the past six months. Its second-quarter estimate for funds from operations (FFO) per share remained stable lately, ahead of the company’s earnings release. The company enjoys high occupancy, which is driven by high demand for its Class A properties in premium locations. Also, robust cash flow and solid balance sheet are its strengths. Further in July, the company announced the creation of the Alexandria Center for AgTech – RTP. It is the initial phase of a premier multi-tenant mega campus in the Research Triangle Park, NC. However, earnings-dilutive impact of disposition, rise in rate of interest and foreign currency fluctuations remain its concerns.”

Several other equities analysts have also issued reports on the company. Barclays PLC boosted their price objective on Alexandria Real Estate Equities from $129.00 to $130.00 and gave the company an “overweight” rating in a research report on Tuesday. BidaskClub lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. TheStreet upgraded Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a research report on Monday, May 1st. Finally, Evercore ISI upgraded Alexandria Real Estate Equities from an “in-line” rating to an “outperform” rating and set a $123.00 price objective for the company in a research report on Tuesday, March 21st. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Alexandria Real Estate Equities presently has an average rating of “Buy” and a consensus target price of $122.38.

Alexandria Real Estate Equities (NYSE ARE) traded up 0.67% during mid-day trading on Wednesday, hitting $121.51. 120,026 shares of the stock were exchanged. The stock’s market capitalization is $11.07 billion. Alexandria Real Estate Equities has a 12-month low of $101.51 and a 12-month high of $122.28. The firm has a 50-day moving average price of $119.26 and a 200-day moving average price of $115.05.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, May 1st. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.03. Alexandria Real Estate Equities had a positive return on equity of 0.22% and a negative net margin of 5.03%. The business had revenue of $270.90 million during the quarter, compared to analyst estimates of $261.67 million. During the same period in the previous year, the firm earned $1.34 EPS. Alexandria Real Estate Equities’s quarterly revenue was up 25.4% compared to the same quarter last year. Equities analysts predict that Alexandria Real Estate Equities will post $1.62 earnings per share for the current fiscal year.

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In other news, insider Peter M. Moglia sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $118.56, for a total transaction of $474,240.00. Following the sale, the insider now owns 91,867 shares in the company, valued at approximately $10,891,751.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Peter M. Moglia sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $119.27, for a total value of $238,540.00. Following the sale, the insider now owns 85,867 shares in the company, valued at approximately $10,241,357.09. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 35,674 shares of company stock valued at $4,130,859. Insiders own 1.51% of the company’s stock.

Several large investors have recently made changes to their positions in ARE. Duff & Phelps Investment Management Co. bought a new stake in shares of Alexandria Real Estate Equities during the first quarter worth about $55,895,000. Gateway Investment Advisers LLC bought a new stake in shares of Alexandria Real Estate Equities during the first quarter worth about $622,000. Atria Investments LLC boosted its stake in shares of Alexandria Real Estate Equities by 5.2% in the first quarter. Atria Investments LLC now owns 2,369 shares of the real estate investment trust’s stock worth $262,000 after buying an additional 117 shares in the last quarter. Gulf International Bank UK Ltd boosted its stake in shares of Alexandria Real Estate Equities by 1.5% in the first quarter. Gulf International Bank UK Ltd now owns 25,705 shares of the real estate investment trust’s stock worth $2,840,000 after buying an additional 385 shares in the last quarter. Finally, Exxonmobil Investment Management Inc. TX bought a new stake in shares of Alexandria Real Estate Equities during the first quarter worth about $2,181,000.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc is a real estate investment (REIT). The Company is engaged in the business of providing space for lease to the life science and technology industries. It focuses on collaborative life science and technology campuses. It develops urban cluster campuses and ecosystems.

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Analyst Recommendations for Alexandria Real Estate Equities (NYSE:ARE)

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