Alexandria Real Estate Equities Inc. (NYSE:ARE) shares saw unusually-strong trading volume on Friday . Approximately 1,348,615 shares changed hands during 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.

Several equities research analysts have recently issued reports on ARE shares. Mizuho raised their price objective on Alexandria Real Estate Equities from $110.00 to $113.00 and gave the stock a “buy” rating in a report on Friday, July 8th. Zacks Investment Research upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $108.00 target price on the stock in a report on Tuesday, May 10th. TheStreet upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a report on Monday, April 18th. Robert W. Baird reiterated 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 on the stock in a report on Thursday, July 7th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $108.33.

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

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

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

In other Alexandria Real Estate Equities news, Director James H. Richardson sold 2,500 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 70,000 shares in the company, valued at $6,508,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Stephen Richardson sold 10,000 shares of the company’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $111.79, for a total transaction of $1,117,900.00. Following the sale, the chief operating officer now owns 114,207 shares of the company’s stock, valued at $12,767,200.53. The disclosure for this sale can be found here.

A number of large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its stake in Alexandria Real Estate Equities by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 911,653 shares of the real estate investment trust’s stock worth $82,379,000 after buying an additional 11,268 shares during the period. Schroder Investment Management Group boosted its stake in Alexandria Real Estate Equities by 5.4% in the fourth quarter. Schroder Investment Management Group now owns 244,363 shares of the real estate investment trust’s stock worth $22,081,000 after buying an additional 12,560 shares during the period. State of New Jersey Common Pension Fund D boosted its stake in 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. State of Tennessee Treasury Department boosted its stake in 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, Stephens Inc. AR boosted its stake in 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.