Alexandria Real Estate Equities (NYSE:ARE) had its price objective hoisted by stock analysts at Barclays from $132.00 to $133.00 in a research note issued on Tuesday. The firm currently has an “overweight” rating on the real estate investment trust’s stock. Barclays’ price objective points to a potential upside of 5.77% from the company’s current price.
A number of other equities research analysts have also recently weighed in on ARE. Zacks Investment Research cut Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Mizuho restated a “buy” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, November 1st. Bank of America upped their target price on Alexandria Real Estate Equities from $129.00 to $133.00 and gave the company a “neutral” rating in a research report on Monday, November 6th. National Bank Financial lowered Alexandria Real Estate Equities from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $20.00 to $18.00 in a research report on Monday, October 23rd. Finally, Royal Bank of Canada reaffirmed a “hold” rating on shares of Alexandria Real Estate Equities in a research report on Monday, October 23rd. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Alexandria Real Estate Equities has an average rating of “Buy” and an average price target of $101.48.
Shares of Alexandria Real Estate Equities (ARE) traded up $1.24 during midday trading on Tuesday, hitting $125.75. The company had a trading volume of 722,662 shares, compared to its average volume of 815,575. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.83. The stock has a market cap of $12,720.00, a PE ratio of 142.90, a P/E/G ratio of 2.84 and a beta of 0.84. Alexandria Real Estate Equities has a 1 year low of $106.89 and a 1 year high of $134.37.
In related news, EVP Thomas J. Andrews sold 5,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $125.26, for a total transaction of $626,300.00. Following the transaction, the executive vice president now directly owns 146,916 shares of the company’s stock, valued at approximately $18,402,698.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Joel S. Marcus sold 13,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $126.91, for a total value of $1,649,830.00. Following the transaction, the chief executive officer now directly owns 651,436 shares in the company, valued at $82,673,742.76. The disclosure for this sale can be found here. Insiders have sold a total of 62,250 shares of company stock worth $7,986,230 over the last ninety days. 1.51% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in ARE. Spirit of America Management Corp NY acquired a new position in shares of Alexandria Real Estate Equities in the third quarter valued at about $154,000. IFM Investors Pty Ltd acquired a new position in shares of Alexandria Real Estate Equities in the fourth quarter valued at about $200,000. V Wealth Management LLC acquired a new position in shares of Alexandria Real Estate Equities in the fourth quarter valued at about $212,000. Conning Inc. acquired a new position in shares of Alexandria Real Estate Equities in the fourth quarter valued at about $225,000. Finally, Simplex Trading LLC acquired a new position in shares of Alexandria Real Estate Equities in the fourth quarter valued at about $244,000. 90.16% of the stock is currently owned by institutional investors.
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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.
