Alexandria Real Estate Equities (NYSE:ARE)‘s stock had its “buy” rating reissued by analysts at Canaccord Genuity in a report released on Monday. They presently have a $20.37 price objective on the real estate investment trust’s stock. Canaccord Genuity’s price target suggests a potential downside of 84.33% from the company’s current price.

A number of other analysts have also recently issued reports on the company. BidaskClub upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Zacks Investment Research cut Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Bank of America upgraded Alexandria Real Estate Equities from a “neutral” rating to a “buy” rating and set a $133.00 target price for the company in a report on Monday, December 4th. Mizuho reiterated a “buy” rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, November 1st. Finally, National Bank Financial cut Alexandria Real Estate Equities from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $20.00 to $18.00 in a report on Monday, October 23rd. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $99.91.

Alexandria Real Estate Equities (NYSE:ARE) traded up $1.83 during trading on Monday, reaching $130.00. The company had a trading volume of 596,400 shares, compared to its average volume of 726,506. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.83. The stock has a market cap of $12,443.32, a PE ratio of 22.00 and a beta of 0.84. Alexandria Real Estate Equities has a 1 year low of $105.74 and a 1 year high of $130.46.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.55 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.96). The business had revenue of $285.60 million during the quarter, compared to analysts’ expectations of $286.11 million. Alexandria Real Estate Equities had a net margin of 13.21% and a return on equity of 3.69%. The firm’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.39 EPS. equities research analysts predict that Alexandria Real Estate Equities will post 6.02 EPS for the current fiscal year.

In related news, CEO Joel S. Marcus sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $118.99, for a total transaction of $2,974,750.00. Following the transaction, the chief executive officer now directly owns 664,436 shares of the company’s stock, valued at approximately $79,061,239.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Thomas J. Andrews sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $127.81, for a total value of $639,050.00. Following the transaction, the executive vice president now directly owns 136,916 shares in the company, valued at $17,499,233.96. The disclosure for this sale can be found here. Insiders have sold a total of 82,250 shares of company stock valued at $10,317,080 in the last quarter. Company insiders own 1.51% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Piedmont Investment Advisors LLC lifted its position in Alexandria Real Estate Equities by 0.3% during the 2nd quarter. Piedmont Investment Advisors LLC now owns 2,843 shares of the real estate investment trust’s stock worth $342,000 after acquiring an additional 8 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in shares of Alexandria Real Estate Equities by 1.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,069 shares of the real estate investment trust’s stock valued at $249,000 after purchasing an additional 25 shares in the last quarter. First Personal Financial Services raised its position in shares of Alexandria Real Estate Equities by 7.9% in the 2nd quarter. First Personal Financial Services now owns 1,112 shares of the real estate investment trust’s stock valued at $134,000 after purchasing an additional 81 shares in the last quarter. D.A. Davidson & CO. raised its position in shares of Alexandria Real Estate Equities by 4.6% in the 2nd quarter. D.A. Davidson & CO. now owns 3,861 shares of the real estate investment trust’s stock valued at $465,000 after purchasing an additional 169 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Alexandria Real Estate Equities by 2.6% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,766 shares of the real estate investment trust’s stock valued at $815,000 after purchasing an additional 173 shares in the last quarter.

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About Alexandria Real Estate Equities

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

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

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