Alexandria Real Estate Equities (NYSE:ARE) Earns Outperform Rating from Wedbush

Alexandria Real Estate Equities (NYSE:ARE)‘s stock had its “outperform” rating reaffirmed by investment analysts at Wedbush in a research note issued to investors on Wednesday, Benzinga reports. They currently have a $140.00 target price on the real estate investment trust’s stock. Wedbush’s price objective points to a potential upside of 17.14% from the company’s current price.

ARE has been the topic of several other research reports. Mizuho upped their target price on shares of Alexandria Real Estate Equities from $145.00 to $154.00 and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. JMP Securities restated a “market outperform” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft started coverage on shares of Alexandria Real Estate Equities in a research report on Tuesday, January 30th. They set a “buy” rating and a $140.00 price objective on the stock. Finally, StockNews.com upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Alexandria Real Estate Equities presently has a consensus rating of “Moderate Buy” and an average price target of $137.13.

Alexandria Real Estate Equities Trading Up 0.8 %

NYSE:ARE opened at $119.52 on Wednesday. Alexandria Real Estate Equities has a one year low of $90.73 and a one year high of $135.45. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.26 and a quick ratio of 0.26. The company’s 50-day simple moving average is $122.95 and its 200 day simple moving average is $116.97. The firm has a market capitalization of $20.91 billion, a P/E ratio of 111.70, a PEG ratio of 2.71 and a beta of 1.05.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Tuesday, January 30th. The real estate investment trust reported ($0.54) EPS for the quarter, missing the consensus estimate of $2.29 by ($2.83). Alexandria Real Estate Equities had a return on equity of 0.87% and a net margin of 6.65%. The business had revenue of $757.22 million for the quarter, compared to the consensus estimate of $740.16 million. During the same period in the previous year, the firm earned $2.14 EPS. The company’s revenue was up 13.0% on a year-over-year basis. As a group, analysts forecast that Alexandria Real Estate Equities will post 9.46 EPS for the current fiscal year.

Insider Buying and Selling at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $118.92, for a total transaction of $891,900.00. Following the completion of the sale, the chairman now directly owns 429,538 shares of the company’s stock, valued at $51,080,658.96. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Chairman Joel S. Marcus sold 7,500 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $118.92, for a total value of $891,900.00. Following the completion of the sale, the chairman now directly owns 429,538 shares of the company’s stock, valued at $51,080,658.96. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Peter M. Moglia sold 3,200 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $122.90, for a total transaction of $393,280.00. Following the completion of the sale, the chief executive officer now directly owns 249,683 shares of the company’s stock, valued at $30,686,040.70. The disclosure for this sale can be found here. 1.15% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Alexandria Real Estate Equities

A number of hedge funds and other institutional investors have recently modified their holdings of ARE. Norges Bank bought a new position in Alexandria Real Estate Equities during the fourth quarter valued at $2,086,085,000. Jennison Associates LLC lifted its holdings in shares of Alexandria Real Estate Equities by 180.3% in the 4th quarter. Jennison Associates LLC now owns 1,010,943 shares of the real estate investment trust’s stock worth $128,157,000 after acquiring an additional 650,248 shares during the last quarter. Aew Capital Management L P lifted its holdings in shares of Alexandria Real Estate Equities by 881.2% in the 3rd quarter. Aew Capital Management L P now owns 347,330 shares of the real estate investment trust’s stock worth $34,768,000 after acquiring an additional 311,930 shares during the last quarter. Ceredex Value Advisors LLC bought a new stake in shares of Alexandria Real Estate Equities in the 4th quarter worth about $36,223,000. Finally, Schroder Investment Management Group lifted its holdings in shares of Alexandria Real Estate Equities by 87.9% in the 3rd quarter. Schroder Investment Management Group now owns 597,708 shares of the real estate investment trust’s stock worth $59,831,000 after acquiring an additional 279,649 shares during the last quarter. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc (NYSE: ARE), an S&P 500 company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. As the pioneer of the life science real estate niche since our founding in 1994, Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative life science, agtech, and advanced technology mega campuses in AAA innovation cluster locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.