Alexandria Real Estate Equities (NYSE:ARE) Receives "Market Outperform" Rating from JMP Securities

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report)'s stock had its "market outperform" rating reissued by stock analysts at JMP Securities in a report issued on Wednesday,Benzinga reports. They currently have a $130.00 price objective on the real estate investment trust's stock. JMP Securities' price target indicates a potential upside of 74.64% from the stock's previous close.

Other equities analysts also recently issued research reports about the company. StockNews.com raised Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd. Jefferies Financial Group began coverage on shares of Alexandria Real Estate Equities in a report on Monday, March 17th. They set a "hold" rating and a $100.00 target price on the stock. Finally, Wedbush restated a "neutral" rating and issued a $104.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Alexandria Real Estate Equities presently has an average rating of "Hold" and a consensus target price of $118.60.

Alexandria Real Estate Equities Trading Up 1.4 %

ARE stock traded up $1.02 during trading on Wednesday, hitting $74.44. The company had a trading volume of 1,389,066 shares, compared to its average volume of 1,208,187. Alexandria Real Estate Equities has a 52-week low of $70.57 and a 52-week high of $130.14. The company has a 50 day simple moving average of $88.13 and a 200-day simple moving average of $98.14. The firm has a market capitalization of $12.88 billion, a P/E ratio of 41.36, a PEG ratio of 3.93 and a beta of 1.27. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.28 by $0.02. Alexandria Real Estate Equities had a net margin of 10.36% and a return on equity of 1.43%. The firm had revenue of $758.16 million during the quarter, compared to the consensus estimate of $755.64 million. During the same quarter in the previous year, the firm posted $2.35 earnings per share. The company's revenue was down 1.4% on a year-over-year basis. As a group, research analysts forecast that Alexandria Real Estate Equities will post 9.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Alexandria Real Estate Equities

Institutional investors have recently bought and sold shares of the company. Commerzbank Aktiengesellschaft FI increased its position in shares of Alexandria Real Estate Equities by 25.3% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 34,754 shares of the real estate investment trust's stock worth $3,216,000 after purchasing an additional 7,013 shares in the last quarter. Dynasty Wealth Management LLC acquired a new position in Alexandria Real Estate Equities during the 1st quarter valued at about $442,000. Verdence Capital Advisors LLC raised its stake in Alexandria Real Estate Equities by 95.6% in the first quarter. Verdence Capital Advisors LLC now owns 8,916 shares of the real estate investment trust's stock valued at $825,000 after buying an additional 4,358 shares during the last quarter. Larson Financial Group LLC boosted its holdings in Alexandria Real Estate Equities by 729.5% in the first quarter. Larson Financial Group LLC now owns 871 shares of the real estate investment trust's stock worth $81,000 after acquiring an additional 766 shares in the last quarter. Finally, Wealthfront Advisers LLC boosted its holdings in Alexandria Real Estate Equities by 399.1% in the first quarter. Wealthfront Advisers LLC now owns 41,637 shares of the real estate investment trust's stock worth $3,852,000 after acquiring an additional 33,294 shares in the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

About Alexandria Real Estate Equities

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.