Alexandria Real Estate Equities, Inc. (NYSE:ARE)‘s stock had its “hold” rating restated by stock analysts at Royal Bank Of Canada in a research report issued on Monday.

ARE has been the topic of several other reports. Zacks Investment Research downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Barclays PLC increased their price target on Alexandria Real Estate Equities from $129.00 to $130.00 and gave the stock an “overweight” rating in a report on Tuesday, July 18th. Finally, BidaskClub downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. Alexandria Real Estate Equities has a consensus rating of “Hold” and a consensus price target of $106.20.

Shares of Alexandria Real Estate Equities (NYSE:ARE) traded down 0.29% during midday trading on Monday, hitting $121.61. The stock had a trading volume of 210,955 shares. The company has a market cap of $11.39 billion, a PE ratio of 274.51 and a beta of 0.87. The company’s 50 day moving average is $120.57 and its 200 day moving average is $118.86. Alexandria Real Estate Equities has a 52-week low of $101.73 and a 52-week high of $124.49.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share for the quarter, hitting the consensus estimate of $1.50. Alexandria Real Estate Equities had a return on equity of 3.11% and a net margin of 9.45%. The firm had revenue of $273.10 million for the quarter, compared to the consensus estimate of $277.40 million. During the same period in the prior year, the business posted $1.36 earnings per share. The company’s revenue for the quarter was up 20.8% on a year-over-year basis. On average, analysts anticipate that Alexandria Real Estate Equities will post $1.47 earnings per share for the current year.

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In other Alexandria Real Estate Equities news, CEO Joel S. Marcus sold 25,000 shares of the firm’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of $118.99, for a total transaction of $2,974,750.00. Following the transaction, the chief executive officer now directly owns 664,436 shares in the company, valued at approximately $79,061,239.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Thomas J. Andrews sold 5,000 shares of the firm’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $120.58, for a total value of $602,900.00. Following the transaction, the executive vice president now owns 158,000 shares in the company, valued at $19,051,640. The disclosure for this sale can be found here. Insiders have sold a total of 71,893 shares of company stock worth $8,645,989 over the last 90 days. 1.51% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ARE. Stifel Financial Corp increased its holdings in Alexandria Real Estate Equities by 2.8% during the 1st quarter. Stifel Financial Corp now owns 3,637 shares of the real estate investment trust’s stock worth $402,000 after purchasing an additional 100 shares during the period. Victory Capital Management Inc. purchased a new position in Alexandria Real Estate Equities during the 1st quarter worth $179,000. Teachers Advisors LLC increased its holdings in Alexandria Real Estate Equities by 34.4% during the 1st quarter. Teachers Advisors LLC now owns 351,270 shares of the real estate investment trust’s stock worth $38,822,000 after purchasing an additional 89,898 shares during the period. Global X Management Co. LLC increased its holdings in Alexandria Real Estate Equities by 72.1% during the 1st quarter. Global X Management Co. LLC now owns 1,645 shares of the real estate investment trust’s stock worth $182,000 after purchasing an additional 689 shares during the period. Finally, Invictus RG purchased a new position in Alexandria Real Estate Equities during the 1st quarter worth $133,000.

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.

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

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