Alexandria Real Estate Equities (NYSE:ARE) Rating Reiterated by JMP Securities

Alexandria Real Estate Equities (NYSE:AREGet Free Report)‘s stock had its “market outperform” rating reissued by JMP Securities in a report issued on Wednesday, Benzinga reports. They currently have a $140.00 price target on the real estate investment trust’s stock. JMP Securities’ price objective would indicate a potential upside of 14.32% from the stock’s previous close.

A number of other brokerages have also recently issued reports on ARE. BNP Paribas began coverage on shares of Alexandria Real Estate Equities in a research report on Wednesday, October 11th. They issued a “neutral” rating and a $108.00 target price for the company. Wedbush reissued an “outperform” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday. Royal Bank of Canada reduced their target price on shares of Alexandria Real Estate Equities from $163.00 to $138.00 and set an “outperform” rating for the company in a research report on Tuesday, October 10th. Deutsche Bank Aktiengesellschaft started coverage on shares of Alexandria Real Estate Equities in a research report on Tuesday. They issued a “buy” rating and a $140.00 target price for the company. Finally, Mizuho boosted their price target on Alexandria Real Estate Equities from $145.00 to $154.00 and gave the company a “buy” rating in a research note on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $144.80.

Get Our Latest Stock Report on Alexandria Real Estate Equities

Alexandria Real Estate Equities Trading Up 1.3 %

ARE stock opened at $122.46 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.26 and a quick ratio of 0.22. The company has a fifty day moving average price of $123.33 and a two-hundred day moving average price of $113.83. Alexandria Real Estate Equities has a one year low of $90.73 and a one year high of $172.65. The stock has a market cap of $21.43 billion, a price-to-earnings ratio of 226.78, a price-to-earnings-growth ratio of 2.43 and a beta of 1.08.

Alexandria Real Estate Equities (NYSE:AREGet Free Report) last announced its earnings results on Tuesday, January 30th. The real estate investment trust reported ($0.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.29 by ($2.83). The business had revenue of $757.22 million during the quarter, compared to the consensus estimate of $740.16 million. Alexandria Real Estate Equities had a net margin of 3.59% and a return on equity of 0.46%. The company’s revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.14 EPS. Equities analysts anticipate that Alexandria Real Estate Equities will post 9.45 EPS for the current year.

Insider Transactions at Alexandria Real Estate Equities

In other news, EVP Madeleine Thorp Alsbrook sold 4,854 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $119.55, for a total transaction of $580,295.70. Following the sale, the executive vice president now directly owns 19,740 shares in the company, valued at $2,359,917. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP Kristina Fukuzaki-Carlson sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $117.03, for a total value of $292,575.00. Following the sale, the executive vice president now directly owns 30,070 shares in the company, valued at $3,519,092.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Madeleine Thorp Alsbrook sold 4,854 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $119.55, for a total value of $580,295.70. Following the completion of the sale, the executive vice president now owns 19,740 shares in the company, valued at $2,359,917. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,354 shares of company stock worth $2,053,571. Insiders own 1.60% of the company’s stock.

Institutional Trading of Alexandria Real Estate Equities

Several institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in Alexandria Real Estate Equities by 2.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,083 shares of the real estate investment trust’s stock valued at $449,000 after acquiring an additional 70 shares during the last quarter. Seaport Global Advisors LLC boosted its holdings in shares of Alexandria Real Estate Equities by 7.5% during the 4th quarter. Seaport Global Advisors LLC now owns 1,047 shares of the real estate investment trust’s stock worth $153,000 after buying an additional 73 shares in the last quarter. Cetera Advisor Networks LLC boosted its holdings in shares of Alexandria Real Estate Equities by 7.3% during the 1st quarter. Cetera Advisor Networks LLC now owns 1,086 shares of the real estate investment trust’s stock worth $219,000 after buying an additional 74 shares in the last quarter. BOKF NA boosted its holdings in shares of Alexandria Real Estate Equities by 4.6% during the 4th quarter. BOKF NA now owns 1,758 shares of the real estate investment trust’s stock worth $256,000 after buying an additional 77 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Alexandria Real Estate Equities by 29.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 376 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 85 shares in the last quarter. 86.36% of the stock is currently owned by institutional investors.

About Alexandria Real Estate Equities

(Get Free Report)

Alexandria Real Estate Equities, Inc (NYSE: ARE), an S&P 500 company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. As the pioneer of the life science real estate niche since our founding in 1994, Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative life science, agtech, and advanced technology mega campuses in AAA innovation cluster locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.

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

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