Alexandria Real Estate Equities Inc. (NYSE:ARE) shares saw strong trading volume on Friday . 1,348,615 shares were traded during mid-day trading, an increase of 105% from the previous session’s volume of 656,771 shares.The stock last traded at $112.45 and had previously closed at $110.72.

A number of analysts recently commented on the stock. Mizuho reiterated a “buy” rating and issued a $110.00 target price (up from $98.00) on shares of Alexandria Real Estate Equities in a research note on Wednesday, May 4th. Royal Bank Of Canada lifted their price objective on shares of Alexandria Real Estate Equities from $105.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, August 4th. Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $108.00 price objective for the company in a research note on Tuesday, May 10th. Barclays PLC lifted their price objective on shares of Alexandria Real Estate Equities from $105.00 to $113.00 and gave the company an “overweight” rating in a research note on Tuesday, July 19th. Finally, Robert W. Baird restated a “hold” rating on shares of Alexandria Real Estate Equities in a research note on Monday, May 16th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $108.33.

The stock’s 50-day moving average is $106.83 and its 200-day moving average is $93.36. The stock’s market capitalization is $8.77 billion.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, August 1st. The real estate investment trust reported $1.36 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.36. During the same quarter in the prior year, the company earned $1.31 earnings per share. The company earned $226.10 million during the quarter, compared to analysts’ expectations of $214.61 million. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, equities analysts anticipate that Alexandria Real Estate Equities Inc. will post $5.52 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were paid a $0.80 dividend. The ex-dividend date of this dividend was Tuesday, June 28th. This represents a $3.20 annualized dividend and a yield of 2.85%.

In other Alexandria Real Estate Equities news, Director Thomas J. Andrews sold 5,400 shares of the stock in a transaction that occurred on Friday, May 20th. The shares were sold at an average price of $95.10, for a total value of $513,540.00. Following the transaction, the director now directly owns 128,200 shares in the company, valued at $12,191,820. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James H. Richardson sold 2,500 shares of the stock in a transaction that occurred on Thursday, May 19th. The shares were sold at an average price of $92.98, for a total transaction of $232,450.00. Following the completion of the transaction, the director now owns 70,000 shares in the company, valued at $6,508,600. The disclosure for this sale can be found here.

A number of institutional investors recently made changes to their positions in ARE. 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 valued at $1,249,000 after buying an additional 338 shares in the last quarter. 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. 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. State of Tennessee Treasury Department raised its position in shares of Alexandria Real Estate Equities by 52.8% in the fourth quarter. State of Tennessee Treasury Department now owns 57,900 shares of the real estate investment trust’s stock worth $5,232,000 after buying an additional 20,000 shares during the period. Finally, State of New Jersey Common Pension Fund D raised its position in shares of Alexandria Real Estate Equities by 10.5% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 147,500 shares of the real estate investment trust’s stock worth $13,328,000 after buying an additional 14,000 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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