Alexandria Real Estate Equities (ARE) Upgraded by ValuEngine to Buy

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Alexandria Real Estate Equities (NYSE:ARE) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

Other analysts also recently issued reports about the company. Evercore ISI set a $148.00 price target on Alexandria Real Estate Equities and gave the stock a “buy” rating in a report on Monday, October 15th. Zacks Investment Research raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $136.00 price target for the company in a report on Monday, October 29th. Barclays decreased their price target on Alexandria Real Estate Equities from $126.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 3rd. Finally, Citigroup lifted their price target on Alexandria Real Estate Equities from $127.00 to $133.00 and gave the stock a “neutral” rating in a report on Wednesday, August 8th. Eight equities research analysts have rated the stock with a buy rating, Alexandria Real Estate Equities presently has an average rating of “Buy” and an average price target of $120.34.

ARE opened at $126.17 on Thursday. Alexandria Real Estate Equities has a 12 month low of $114.00 and a 12 month high of $134.37. The firm has a market cap of $13.66 billion, a P/E ratio of 19.70, a P/E/G ratio of 2.97 and a beta of 0.72. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.78.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, October 29th. The real estate investment trust reported $1.99 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $1.50. Alexandria Real Estate Equities had a return on equity of 6.50% and a net margin of 34.48%. The firm had revenue of $341.80 million during the quarter, compared to analysts’ expectations of $343.42 million. During the same period in the previous year, the firm posted $1.51 EPS. Alexandria Real Estate Equities’s revenue for the quarter was up 19.7% on a year-over-year basis. As a group, research analysts forecast that Alexandria Real Estate Equities will post 6.62 EPS for the current fiscal year.

In other Alexandria Real Estate Equities news, insider Daniel J. Ryan sold 7,000 shares of Alexandria Real Estate Equities stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $127.66, for a total transaction of $893,620.00. Following the completion of the sale, the insider now directly owns 132,781 shares of the company’s stock, valued at approximately $16,950,822.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Stephen Richardson sold 7,500 shares of the business’s stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $125.09, for a total value of $938,175.00. The disclosure for this sale can be found here. Insiders have sold a total of 39,950 shares of company stock valued at $4,977,349 over the last ninety days. 1.41% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the company. Advisors Preferred LLC lifted its holdings in shares of Alexandria Real Estate Equities by 142.3% in the 2nd quarter. Advisors Preferred LLC now owns 860 shares of the real estate investment trust’s stock valued at $109,000 after purchasing an additional 505 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in Alexandria Real Estate Equities during the 2nd quarter valued at approximately $164,000. NumerixS Investment Technologies Inc purchased a new stake in Alexandria Real Estate Equities during the 2nd quarter valued at approximately $177,000. Private Advisor Group LLC purchased a new stake in Alexandria Real Estate Equities during the 2nd quarter valued at approximately $206,000. Finally, Alethea Capital Management LLC purchased a new stake in Alexandria Real Estate Equities during the 3rd quarter valued at approximately $207,000.

About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500 company, is an urban office real estate investment trust ("REIT") uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations, with a total market capitalization of $18.8 billion and an asset base in North America of 32.0 million SF as of June 30, 2018.

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

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