Alexandria Real Estate Equities, Inc. (NYSE:ARE) was downgraded by equities researchers at National Bank Financial from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Monday. They currently have a $18.00 price objective on the real estate investment trust’s stock, down from their prior price objective of $20.00. National Bank Financial’s price objective would suggest a potential downside of 85.24% from the company’s previous close.

A number of other analysts have also recently commented on the company. Royal Bank Of Canada reiterated a “hold” rating on shares of Alexandria Real Estate Equities in a research report on Monday. Zacks Investment Research lowered Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. BidaskClub raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Finally, Barclays PLC raised 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. Alexandria Real Estate Equities currently has a consensus rating of “Hold” and an average price target of $106.20.

Alexandria Real Estate Equities (NYSE:ARE) traded down 0.25% during mid-day trading on Monday, reaching $121.96. The company’s stock had a trading volume of 373,110 shares. The stock’s 50 day moving average is $120.55 and its 200 day moving average is $118.68. The firm has a market cap of $11.42 billion, a PE ratio of 275.30 and a beta of 0.87. Alexandria Real Estate Equities has a one year low of $101.73 and a one year high of $124.49.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Monday, July 31st. The real estate investment trust reported $1.50 EPS for the quarter, hitting the Zacks’ 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 business had revenue of $273.10 million for the quarter, compared to analysts’ expectations of $277.40 million. During the same quarter in the previous year, the firm earned $1.36 earnings per share. The business’s revenue was up 20.8% compared to the same quarter last year. On average, analysts anticipate that Alexandria Real Estate Equities will post $1.47 EPS for the current year.

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In other Alexandria Real Estate Equities news, CEO Joel S. Marcus sold 25,000 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $118.99, for a total value of $2,974,750.00. Following the sale, the chief executive officer now owns 664,436 shares of the company’s stock, valued at approximately $79,061,239.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thomas J. Andrews sold 5,000 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $120.58, for a total value of $602,900.00. Following the completion of the sale, the executive vice president now directly owns 158,000 shares in the company, valued at approximately $19,051,640. The disclosure for this sale can be found here. In the last three months, insiders have sold 71,893 shares of company stock worth $8,645,989. Corporate insiders own 1.60% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in ARE. Vanguard Group Inc. boosted its holdings in Alexandria Real Estate Equities by 6.6% in the 2nd quarter. Vanguard Group Inc. now owns 15,723,151 shares of the real estate investment trust’s stock valued at $1,894,168,000 after purchasing an additional 970,646 shares in the last quarter. Cbre Clarion Securities LLC boosted its holdings in Alexandria Real Estate Equities by 67.5% in the 2nd quarter. Cbre Clarion Securities LLC now owns 2,244,374 shares of the real estate investment trust’s stock valued at $270,380,000 after purchasing an additional 904,575 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Alexandria Real Estate Equities by 724.8% in the 2nd quarter. Janus Henderson Group PLC now owns 954,257 shares of the real estate investment trust’s stock valued at $114,975,000 after purchasing an additional 838,568 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Alexandria Real Estate Equities by 60.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,147,368 shares of the real estate investment trust’s stock valued at $258,693,000 after purchasing an additional 810,466 shares in the last quarter. Finally, Westfield Capital Management Co. LP purchased a new stake in Alexandria Real Estate Equities in the 2nd quarter valued at approximately $83,357,000.

About Alexandria Real Estate Equities

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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