2 weeks Ago By ABMN Staff
Alexandria Real Estate Equities ( NYSE:ARE – Get Free Report ) had its target price raised by Evercore ISI from $126.00 to $127.00 in a report issued on Wednesday, Benzinga reports.
The firm presently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s price target suggests a potential upside of 7.82% from the stock’s previous close.
ARE has been the subject of several other research reports. Royal Bank of Canada reduced their price objective on shares of Alexandria Real Estate Equities from $135.00 to $130.
00 and set an “outperform” rating for the company in a research note on Monday, August 5th. Jefferies Financial Group cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their price target for the stock from $136.00 to $127.
00 in a research report on Friday, August 2nd. Bank of America lowered Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $151.00 to $126.
00 in a report on Monday, July 29th. Wedbush lowered Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $140.00 to $130.
00 in a report on Wednesday, July 24th. Finally, JMP Securities reiterated a “market outperform” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a report on Tuesday, July 23rd.
Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $131.
33. View Our Latest Analysis on ARE Alexandria Real Estate Equities Stock Performance Alexandria Real Estate Equities ( NYSE:ARE – Get Free Report ) last posted its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.
25 EPS for the quarter, missing analysts’ consensus estimates of $2.34 by ($2.09).
The firm had revenue of $766.70 million for the quarter, compared to analysts’ expectations of $775.03 million.
Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%.
Alexandria Real Estate Equities’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.
24 earnings per share. As a group, sell-side analysts forecast that Alexandria Real Estate Equities will post 9.48 earnings per share for the current fiscal year.
Insider Buying and Selling at Alexandria Real Estate Equities In other Alexandria Real Estate Equities news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $4.21, for a total value of $631,500.
00. Following the completion of the transaction, the insider now directly owns 6,005,077 shares of the company’s stock, valued at $25,281,374.17.
The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink . Company insiders own 1.15% of the company’s stock.
Institutional Trading of Alexandria Real Estate Equities Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fulton Bank N.A.
grew its position in shares of Alexandria Real Estate Equities by 4.2% during the 1st quarter. Fulton Bank N.
A. now owns 2,074 shares of the real estate investment trust’s stock worth $267,000 after buying an additional 83 shares during the period. Arbor Capital Management Inc.
ADV raised its position in shares of Alexandria Real Estate Equities by 1.1% during the 2nd quarter. Arbor Capital Management Inc.
ADV now owns 8,639 shares of the real estate investment trust’s stock valued at $1,000,000 after acquiring an additional 93 shares during the last quarter. SPC Financial Inc. lifted its stake in shares of Alexandria Real Estate Equities by 5.
4% in the 1st quarter. SPC Financial Inc. now owns 1,950 shares of the real estate investment trust’s stock valued at $251,000 after purchasing an additional 100 shares during the period.
Oregon Public Employees Retirement Fund boosted its position in shares of Alexandria Real Estate Equities by 0.7% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 13,544 shares of the real estate investment trust’s stock worth $1,584,000 after purchasing an additional 100 shares during the last quarter.
Finally, GAMMA Investing LLC grew its stake in shares of Alexandria Real Estate Equities by 7.9% during the second quarter. GAMMA Investing LLC now owns 1,414 shares of the real estate investment trust’s stock worth $165,000 after purchasing an additional 103 shares during the period.
96.54% of the stock is owned by institutional investors. About Alexandria Real Estate Equities ( Get Free Report ) 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. Further Reading Receive News & Ratings for Alexandria Real Estate Equities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alexandria Real Estate Equities and related companies with MarketBeat.com's FREE daily email newsletter .
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