Alexandria Real Estate Stocks (NYSE: ARE)‘s stock was reiterated by Robert W. Baird’s investment analysts in a research note issued to investors on Monday, AnalystRatings.com reports.
Other analysts recently released reports on the stock as well. The Royal Bank of Canada raised its price target on Alexandria Real Estate Equities from $ 205.00 to $ 222.00, and the company raised its price target on Alexandria Real Estate Equities from 187 in a report from 17th BTIG Research, $ 00 to $ 233.00 and rated the company a “Buy” on a report on Friday, October 22nd. One analyst has rated the stock with a hold rating and five with a buy rating. Alexandria Real Estate Equities currently has an average rating of “Buy” and an average price target of $ 179.83, according to data from MarketBeat.com.
ARE opened at $ 204.45 on Monday. The stock has a market cap of $ 31.68 billion, a P / E of 31.07, a P / E of 3.35, and a beta of 0.75. The company’s 50-day moving average price is $ 201.70 and the 200-day moving average price is $ 196.01. The company has a debt of 0.55, a current ratio of 0.17 and a quick ratio of 0.17. Alexandria Real Estate Equities has a 12-month low of $ 154.37 and a 12-month high of $ 211.70.
Alexandria Real Estate Equities (NYSE: ARE) last released its quarterly results on Sunday, October 24th. The Real Estate Investment Trust reported earnings per share (EPS) of $ 0.67 for the quarter, beating the consensus estimate of $ 0.62 by $ 0.05. The company had revenue of $ 547.76 million for the quarter, compared to analyst expectations of $ 533.52 million. Alexandria Real Estate Equities had a net margin of 46.78% and a return on equity of 6.10%. The company’s quarterly revenue increased 0.5% year over year. For the same period last year, the company had earnings per share of $ 1.83. On average, equity research analysts predict that Alexandria Real Estate Equities will generate earnings per share of 7.76 for the current fiscal year.
Several institutional investors recently increased or decreased their shares in ARE. AQR Capital Management LLC increased its stake in Alexandria Real Estate Equities by 10.2% in the first quarter. AQR Capital Management LLC now owns 6,760 shares of the real estate investment trust valued at $ 1,111,000 after purchasing an additional 626 shares last quarter. Man Group plc acquired a new stake in Alexandria Real Estate Equities in the first quarter valued at approximately $ 230,000. Cubist Systematic Strategies LLC increased its stake in Alexandria Real Estate Equities by 100.1% in the first quarter. Cubist Systematic Strategies LLC now owns 10,511 shares of the Real Estate Investment Trust valued at $ 1,727,000 after purchasing an additional 5,258 shares last quarter. Eaton Vance Management increased its stake in Alexandria Real Estate Equities by 65.2% in the first quarter. Eaton Vance Management now owns 4,586 shares of the real estate investment trust valued at $ 753,000 after purchasing an additional 1,810 shares last quarter. Eventually, DE Shaw & Co. Inc. acquired a new stake in Alexandria Real Estate Equities worth approximately $ 749,000 in the first quarter. Institutional investors and hedge funds own 88.27% of the company’s stock.
Alexandria Real Estate Equities company profile
Alexandria Real Estate Equities, Inc. is an urban office real estate mutual fund. It deals with the ownership, operation, development and redevelopment of life science and technology properties. The company also rents space to the life science and technology industries, which are primarily located in AAA city innovation cluster locations.
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