Alexandria Real Estate Equities Inc. (NYSE:ARE) hit a new 52-week high during trading on Tuesday . The company traded as high as $109.99 and last traded at $109.71, with a volume of 423,493 shares changing hands. The stock had previously closed at $109.29.

A number of research firms have recently issued reports on ARE. Mizuho restated a “buy” rating and issued a $110.00 target price (up previously from $98.00) on shares of Alexandria Real Estate Equities in a report on Wednesday, May 4th. Zacks Investment Research upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $108.00 target price for the company in a report on Tuesday, May 10th. Barclays PLC increased their target price on Alexandria Real Estate Equities from $105.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, July 19th. Robert W. Baird restated a “hold” rating on shares of Alexandria Real Estate Equities in a report on Monday, May 16th. Finally, Citigroup Inc. reduced their target price on Alexandria Real Estate Equities from $106.00 to $92.00 and set a “neutral” rating for the company in a report on Thursday, July 7th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $103.29.

The firm has a 50-day moving average price of $101.54 and a 200-day moving average price of $90.50. The company has a market cap of $8.06 billion and a price-to-earnings ratio of 82.56.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, May 2nd. The real estate investment trust reported $1.34 earnings per share for the quarter, hitting the consensus estimate of $1.34. The firm had revenue of $216.08 million for the quarter, compared to analyst estimates of $211.66 million. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.28 earnings per share. On average, analysts predict that Alexandria Real Estate Equities Inc. will post $5.50 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were paid a dividend of $0.80 per share. The ex-dividend date was Tuesday, June 28th. This represents a $3.20 annualized dividend and a dividend yield of 2.93%.

In related news, Director James H. Richardson sold 2,500 shares of the company’s stock in a transaction dated Monday, May 9th. The shares were sold at an average price of $96.35, for a total value of $240,875.00. Following the transaction, the director now owns 73,750 shares in the company, valued at approximately $7,105,812.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Daniel J. Ryan sold 5,000 shares of the company’s stock in a transaction dated Thursday, May 5th. The shares were sold at an average price of $95.31, for a total transaction of $476,550.00. Following the completion of the transaction, the director now owns 71,200 shares in the company, valued at approximately $6,786,072. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors recently made changes to their positions in ARE. Whittier Trust Co. raised its position in shares of Alexandria Real Estate Equities by 1.1% in the fourth quarter. Whittier Trust Co. now owns 11,888 shares of the real estate investment trust’s stock worth $1,074,000 after buying an additional 125 shares during the period. Mizuho Trust & Banking Co. Ltd. raised its position in shares of Alexandria Real Estate Equities by 2.5% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 13,670 shares of the real estate investment trust’s stock worth $1,249,000 after buying an additional 338 shares during the period. KBC Group NV raised its position in shares of Alexandria Real Estate Equities by 0.7% in the fourth quarter. KBC Group NV now owns 17,835 shares of the real estate investment trust’s stock worth $1,612,000 after buying an additional 130 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Alexandria Real Estate Equities by 0.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,019 shares of the real estate investment trust’s stock worth $1,899,000 after buying an additional 144 shares during the period. Finally, Stephens Inc. AR raised its position in shares of Alexandria Real Estate Equities by 13.4% in the fourth quarter. Stephens Inc. AR now owns 33,704 shares of the real estate investment trust’s stock worth $3,045,000 after buying an additional 3,986 shares during the period.

Alexandria Real Estate Equities, Inc is a real estate investment (REIT). The Company is engaged in the business of providing office/laboratory and technology office space for lease to the science and technology industries. It is focused on collaborative science and technology campuses. It develops urban cluster campuses and ecosystems.

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