Alexandria Real Estate Equities’ (ARE) “Buy” Rating Reiterated at Mizuho

Alexandria Real Estate Equities, Inc. (NYSE:ARE)‘s stock had its “buy” rating reaffirmed by investment analysts at Mizuho in a research report issued on Wednesday. They currently have a $140.00 price objective on the real estate investment trust’s stock. Mizuho’s target price points to a potential upside of 12.94% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. BidaskClub raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Zacks Investment Research raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $135.00 price target for the company in a research note on Wednesday, August 9th. Barclays PLC increased their price target on Alexandria Real Estate Equities from $129.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday, July 18th. Royal Bank Of Canada restated a “hold” rating on shares of Alexandria Real Estate Equities in a research report on Monday, October 23rd. Finally, National Bank Financial lowered Alexandria Real Estate Equities from an “outperform” rating to a “sector perform” rating and cut their target price for the company from $20.00 to $18.00 in a research report on Monday, October 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $109.20.

Shares of Alexandria Real Estate Equities (NYSE ARE) traded up 0.97% during trading on Wednesday, reaching $125.16. The company’s stock had a trading volume of 359,935 shares. Alexandria Real Estate Equities has a 12 month low of $101.73 and a 12 month high of $125.72. The firm has a market cap of $11.72 billion, a PE ratio of 282.53 and a beta of 0.87. The company’s 50 day moving average price is $120.92 and its 200 day moving average price is $119.22.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.55 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.96). The company had revenue of $285.60 million during the quarter, compared to analyst estimates of $286.11 million. Alexandria Real Estate Equities had a net margin of 13.21% and a return on equity of 3.77%. The company’s quarterly revenue was up 24.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.39 EPS. On average, equities analysts predict that Alexandria Real Estate Equities will post $1.47 earnings per share for the current year.

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In related news, COO Stephen Richardson sold 7,500 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $120.56, for a total transaction of $904,200.00. Following the sale, the chief operating officer now owns 136,972 shares in the company, valued at approximately $16,513,344.32. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Joel S. Marcus sold 13,893 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $121.22, for a total value of $1,684,109.46. Following the sale, the chief executive officer now owns 705,829 shares in the company, valued at approximately $85,560,591.38. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 71,893 shares of company stock worth $8,645,989. 1.51% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the stock. Teachers Advisors LLC boosted its holdings in Alexandria Real Estate Equities by 34.4% in the first quarter. Teachers Advisors LLC now owns 351,270 shares of the real estate investment trust’s stock worth $38,822,000 after acquiring an additional 89,898 shares in the last quarter. Gotham Asset Management LLC bought a new position in Alexandria Real Estate Equities in the first quarter worth approximately $454,000. AQR Capital Management LLC boosted its holdings in Alexandria Real Estate Equities by 18.7% in the first quarter. AQR Capital Management LLC now owns 30,295 shares of the real estate investment trust’s stock worth $3,348,000 after acquiring an additional 4,762 shares in the last quarter. HighTower Advisors LLC bought a new position in Alexandria Real Estate Equities in the first quarter worth approximately $293,000. Finally, Janus Capital Management LLC boosted its holdings in Alexandria Real Estate Equities by 67.1% in the first quarter. Janus Capital Management LLC now owns 365,137 shares of the real estate investment trust’s stock worth $40,355,000 after acquiring an additional 146,599 shares in the last quarter.

About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc is a real estate investment (REIT). The Company is engaged in the business of providing space for lease to the life science and technology industries. It focuses on collaborative life science and technology campuses. It develops urban cluster campuses and ecosystems.

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

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