Alexandria Real Estate Equities (NYSE:ARE)‘s stock had its “buy” rating reaffirmed by Canaccord Genuity in a research note issued on Monday. They presently have a $20.37 target price on the real estate investment trust’s stock. Canaccord Genuity’s price target indicates a potential downside of 84.33% from the company’s previous close.

A number of other equities analysts have also recently commented on the stock. Zacks Investment Research raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Royal Bank Of Canada reiterated a “hold” rating on shares of Alexandria Real Estate Equities in a report on Monday, October 23rd. National Bank Financial lowered shares of Alexandria Real Estate Equities from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from $20.00 to $18.00 in a report on Monday, October 23rd. Bank of America lifted their price objective on shares of Alexandria Real Estate Equities from $129.00 to $133.00 and gave the company a “neutral” rating in a report on Monday, November 6th. Finally, Mizuho reiterated a “buy” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, November 1st. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $99.91.

Alexandria Real Estate Equities (NYSE:ARE) traded up $1.83 during mid-day trading on Monday, hitting $130.00. 596,400 shares of the company were exchanged, compared to its average volume of 726,506. Alexandria Real Estate Equities has a 52-week low of $105.74 and a 52-week high of $130.46. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.21 and a current ratio of 0.21. The stock has a market cap of $12,443.32, a PE ratio of 22.00 and a beta of 0.84.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.96). Alexandria Real Estate Equities had a return on equity of 3.69% and a net margin of 13.21%. The firm had revenue of $285.60 million for the quarter, compared to analysts’ expectations of $286.11 million. During the same period in the prior year, the firm posted $1.39 earnings per share. Alexandria Real Estate Equities’s revenue for the quarter was up 24.0% on a year-over-year basis. equities research analysts predict that Alexandria Real Estate Equities will post 6.02 earnings per share for the current fiscal year.

In other news, insider Peter M. Moglia sold 1,750 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $130.00, for a total value of $227,500.00. Following the completion of the sale, the insider now owns 115,117 shares in the company, valued at approximately $14,965,210. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Peter M. Moglia sold 5,000 shares of the business’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $127.13, for a total transaction of $635,650.00. Following the completion of the sale, the insider now owns 116,867 shares of the company’s stock, valued at approximately $14,857,301.71. The disclosure for this sale can be found here. Insiders have sold a total of 82,250 shares of company stock valued at $10,317,080 in the last quarter. 1.51% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the company. New Mexico Educational Retirement Board raised its stake in shares of Alexandria Real Estate Equities by 1.9% during the 3rd quarter. New Mexico Educational Retirement Board now owns 21,469 shares of the real estate investment trust’s stock worth $2,554,000 after acquiring an additional 400 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Alexandria Real Estate Equities by 26.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 177,013 shares of the real estate investment trust’s stock worth $21,059,000 after acquiring an additional 37,515 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Alexandria Real Estate Equities during the 3rd quarter worth approximately $799,000. Hahn Capital Management LLC bought a new position in shares of Alexandria Real Estate Equities during the 3rd quarter worth approximately $10,241,000. Finally, Cetera Investment Advisers raised its stake in shares of Alexandria Real Estate Equities by 18.1% during the 3rd quarter. Cetera Investment Advisers now owns 7,399 shares of the real estate investment trust’s stock worth $877,000 after acquiring an additional 1,135 shares in the last quarter.

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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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