Alexandria Real Estate Equities, Inc. (NYSE:ARE)‘s stock had its “buy” rating restated by analysts at Mizuho in a research note issued to investors on Wednesday. They currently have a $140.00 price objective on the real estate investment trust’s stock. Mizuho’s price target points to a potential upside of 12.94% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Zacks Investment Research raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $136.00 price target on the stock in a research report on Tuesday, July 18th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Alexandria Real Estate Equities in a research report on Monday, October 23rd. BidaskClub raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Barclays PLC increased their price target on Alexandria Real Estate Equities from $129.00 to $130.00 and gave the company an “overweight” rating in a research report on Tuesday, July 18th. Finally, National Bank Financial lowered Alexandria Real Estate Equities from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $20.00 to $18.00 in a research report on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $109.20.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.96). The company had revenue of $285.60 million during the quarter, compared to analyst estimates of $286.11 million. Alexandria Real Estate Equities had a net margin of 13.21% and a return on equity of 3.77%. Alexandria Real Estate Equities’s revenue for the quarter was up 24.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.39 EPS.

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In other news, EVP Thomas J. Andrews sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $120.58, for a total transaction of $602,900.00. Following the sale, the executive vice president now owns 158,000 shares of the company’s stock, valued at approximately $19,051,640. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Joel S. Marcus sold 13,893 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $121.22, for a total value of $1,684,109.46. Following the sale, the chief executive officer now directly owns 705,829 shares in the company, valued at approximately $85,560,591.38. 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 in the last three months. Corporate insiders own 1.51% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Muzinich & Co. Inc. raised its position in shares of Alexandria Real Estate Equities by 30.4% during the 2nd quarter. Muzinich & Co. Inc. now owns 943 shares of the real estate investment trust’s stock worth $114,000 after acquiring an additional 220 shares in the last quarter. Capital Analysts LLC acquired a new stake in shares of Alexandria Real Estate Equities during the 2nd quarter worth about $125,000. First Personal Financial Services raised its position in shares of Alexandria Real Estate Equities by 7.9% during the 2nd quarter. First Personal Financial Services now owns 1,112 shares of the real estate investment trust’s stock worth $134,000 after acquiring an additional 81 shares in the last quarter. Spirit of America Management Corp NY acquired a new stake in shares of Alexandria Real Estate Equities during the 3rd quarter worth about $154,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Alexandria Real Estate Equities during the 3rd quarter worth about $226,000.

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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