Evercore ISI raises Alexandria Real Estate Equities (NYSE:ARE) price target to $194.00

Alexandria Real Estate Equities (NYSE:ARE – Valuation Received) had raised its target price from analysts at Evercore ISI to $194.00 from $185.00 in a research report released to clients and investors on Monday, reports The Fly. Evercore ISI’s target price would indicate a potential upside of 20.99% from the company’s current price.

ARE has been the subject of a number of other research reports. Mizuho raised its target price on shares of Alexandria Real Estate Equities from $172.00 to $178.00 and gave the company a buy rating in a report Monday. JMP Securities lowered its target price on shares of Alexandria Real Estate Equities from $230.00 to $200.00 and gave the company a market outperform rating in a report Wednesday, July 27. StockNews.com downgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a report dated Saturday, August 13. Finally, on Wednesday, June 22, Credit Suisse Group began reporting shares of Alexandria Real Estate Equities in a report. They put the company at a “neutral” rating and price target of $140.00. One investment analyst has rated the stock with a sell rating, one with a hold rating and four with a buy rating. Based on data from MarketBeat.com, Alexandria Real Estate Equities currently has a consensus rating of Moderate Buy and an average target price of $189.00.

Alexandria Real Estate shares rose 0.9%

ARE shares rose $1.50 on Monday midday to reach $160.34. The company’s shares had a trading volume of 18,519 shares compared to an average volume of 1,053,799. The company has a debt to equity ratio of 0.50, a current ratio of 0.23 and a quick ratio of 0.23. Alexandria Real Estate Equities has a 12-month low of $130.00 and a 12-month high of $224.95. The company’s 50-day moving average price is $155.76 and its 200-day moving average price is $168.84. The stock has a market cap of $26.16 billion, a P/E of 86.67, a PEG ratio of 2.45, and a beta of 0.93.

Alexandria Real Estate Equities (NYSE:ARE – Get Rating) last released its quarterly earnings data on Monday, July 25th. The Real Estate Investment Trust reported earnings per share of $1.67 for the quarter, beating the consensus estimate of $0.66 by $1.01. The company had revenue of $643.80 million for the quarter, compared to analyst estimates of $633.13 million. Alexandria Real Estate Equities had a net margin of 12.54% and a return on equity of 1.93%. Alexandria Real Estate Equities revenue increased 26.3% for the quarter compared to the year-ago quarter. In the same period last year, the company earned $1.93 per share. As a group, equity analysts are forecasting that Alexandria Real Estate Equities will post 8.41 YTD EPS.

Insider buying and selling at Alexandria Real Estate Equities

Also, major shareholder Real Estate Equitie Alexandria acquired 3,500,000 shares of the company in a transaction that took place on Monday, June 27th. The shares were purchased at an average price of $1.00 per share for a total value of $3,500,000.00. Upon closing of the transaction, the insider now directly owns 4,555,077 shares of the company, valued at $4,555,077. The acquisition was announced in a legal filing with the Securities & Exchange Commission available at this hyperlink. In related news, major shareholder Real Estate Equitie Alexandria acquired 3,500,000 shares of the company in a transaction that took place on Monday, June 27th. The stock was acquired at an average price of $1.00 per share for a total transaction of $3,500,000.00. Upon completion of the acquisition, the insider now owns 4,555,077 shares of the company’s stock valued at approximately $4,555,077. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed at this hyperlink. In addition, Director Maria C. Freire sold 2,311 shares of Alexandria Real Estate Equities in a transaction on Thursday, July 28. The stock sold at an average price of $163.04 for a total transaction of $376,785.44. Following the closing of the transaction, the director now owns 3,000 shares of the company, valued at approximately $489,120. The disclosure for this sale can be found here. Insiders own 0.96% of the company’s stock.

Hedge funds are betting on Alexandria real estate stocks

Major investors recently changed their stakes in the company. Ronald Blue Trust Inc. bought a new position in shares of Alexandria Real Estate Equities valued at about $25,000 during the second quarter. DB Wealth Management Group LLC acquired a new interest in Alexandria Real Estate Equities for approximately $26,000 during the first quarter. Confluence Wealth Services Inc. acquired a new interest in Alexandria Real Estate Equities for approximately $27,000 during the fourth quarter. The Bank of New Hampshire acquired a new stake in Alexandria Real Estate Equities valued at about $28,000 during the first quarter. Finally, Glassman Wealth Services added 137.2% to its position in Alexandria Real Estate Equities in the second quarter. Glassman Wealth Services now owns 204 shares of the $30,000 Real Estate Investment Trust after buying another 118 shares last quarter. 91.81% of the shares are currently owned by institutional investors.

Alexandria Real Estate Equities Company Profile

(get rating)

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500®Urban Office Investment Trust (“REIT”), is the first, longest-serving and pioneering owner, operator and developer uniquely focused on collaborative life science, technology and agtech campuses in AAA innovation cluster locations with a total market capitalization of $31.9 billion as of December 31, 2020 and a North American asset base of 49.7 million square feet (“SF”)).

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

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