Alexandria Real Estate Equities (NYSE:ARE) Given a $152.00 Price Target at Robert W. Baird

Robert W. Baird set a $152.00 price target on Alexandria Real Estate Equities (NYSE:ARE) in a research note issued to investors on Wednesday, TipRanks reports. The brokerage currently has a hold rating on the real estate investment trust’s stock.

Several other research analysts have also recently weighed in on the stock. JPMorgan Chase & Co. boosted their price target on shares of Alexandria Real Estate Equities from $140.00 to $147.00 and gave the company a neutral rating in a research report on Tuesday, August 13th. Zacks Investment Research raised shares of Alexandria Real Estate Equities from a sell rating to a hold rating in a research report on Thursday, May 16th. DA Davidson boosted their price target on shares of Alexandria Real Estate Equities to $166.00 and gave the company a buy rating in a research report on Friday, August 16th. Citigroup boosted their price target on shares of Alexandria Real Estate Equities from $157.00 to $162.00 and gave the company a buy rating in a research report on Tuesday, August 6th. Finally, GMP Securities reissued an average rating and set a $26.00 price target on shares of Alexandria Real Estate Equities in a research report on Thursday, August 1st. Eight analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $115.36.

ARE traded down $0.31 on Wednesday, hitting $149.10. 49,019 shares of the company’s stock were exchanged, compared to its average volume of 693,281. Alexandria Real Estate Equities has a fifty-two week low of $109.04 and a fifty-two week high of $153.51. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.76. The firm has a 50-day moving average price of $145.08 and a 200-day moving average price of $142.58. The stock has a market cap of $16.77 billion, a price-to-earnings ratio of 22.59, a P/E/G ratio of 4.44 and a beta of 0.74.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, July 29th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($1.04). Alexandria Real Estate Equities had a return on equity of 5.00% and a net margin of 28.05%. The business had revenue of $373.90 million for the quarter, compared to analyst estimates of $366.81 million. During the same period last year, the firm earned $1.64 EPS. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. On average, equities analysts predict that Alexandria Real Estate Equities will post 6.98 EPS for the current year.

In related news, COO Jennifer Banks sold 2,000 shares of the business’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $139.93, for a total value of $279,860.00. Following the sale, the chief operating officer now directly owns 52,734 shares in the company, valued at approximately $7,379,068.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James P. Cain sold 450 shares of the business’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $139.82, for a total transaction of $62,919.00. Following the completion of the sale, the director now owns 3,506 shares in the company, valued at $490,208.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 75,500 shares of company stock worth $10,957,978. Corporate insiders own 1.43% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of ARE. Vanguard Group Inc. increased its stake in Alexandria Real Estate Equities by 2.3% during the second quarter. Vanguard Group Inc. now owns 18,278,737 shares of the real estate investment trust’s stock worth $2,578,947,000 after purchasing an additional 414,930 shares during the period. Principal Financial Group Inc. increased its stake in Alexandria Real Estate Equities by 7.5% during the first quarter. Principal Financial Group Inc. now owns 5,093,085 shares of the real estate investment trust’s stock worth $726,070,000 after purchasing an additional 356,441 shares during the period. Northern Trust Corp increased its stake in Alexandria Real Estate Equities by 4.4% during the second quarter. Northern Trust Corp now owns 1,943,866 shares of the real estate investment trust’s stock worth $274,261,000 after purchasing an additional 81,169 shares during the period. Nuveen Asset Management LLC increased its stake in Alexandria Real Estate Equities by 179.1% during the second quarter. Nuveen Asset Management LLC now owns 1,711,959 shares of the real estate investment trust’s stock worth $241,541,000 after purchasing an additional 1,098,573 shares during the period. Finally, Geode Capital Management LLC increased its stake in Alexandria Real Estate Equities by 11.0% during the fourth quarter. Geode Capital Management LLC now owns 1,694,216 shares of the real estate investment trust’s stock worth $194,957,000 after purchasing an additional 168,461 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> company, is an urban office real estate investment trust ("REIT") uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations, with a total market capitalization of $21.8 billion and an asset base in North America of 33.7 million square feet ("SF") as of March 31, 2019.

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

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