Alexandria Real Estate Equities (NYSE:ARE) PT Lowered to $132.00

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) had its target price decreased by equities researchers at Evercore ISI from $137.00 to $132.00 in a research report issued on Thursday, Benzinga reports. The firm currently has an "outperform" rating on the real estate investment trust's stock. Evercore ISI's target price suggests a potential upside of 12.55% from the stock's current price.

Several other research firms have also issued reports on ARE. JMP Securities restated a "market outperform" rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 31st. StockNews.com upgraded shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Thursday, March 21st. Mizuho lifted their price objective on shares of Alexandria Real Estate Equities from $145.00 to $154.00 and gave the company a "buy" rating in a report on Wednesday, January 3rd. Wedbush reiterated an "outperform" rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Alexandria Real Estate Equities in a report on Tuesday, January 30th. They set a "buy" rating and a $140.00 price objective for the company. 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 has an average rating of "Moderate Buy" and a consensus price target of $136.75.

Alexandria Real Estate Equities Trading Down 2.0 %

Shares of Alexandria Real Estate Equities stock traded down $2.37 during trading on Thursday, hitting $117.28. The stock had a trading volume of 1,382,762 shares, compared to its average volume of 1,006,132. The firm's fifty day simple moving average is $123.04 and its 200-day simple moving average is $117.00. The stock has a market cap of $20.51 billion, a PE ratio of 109.61, a PEG ratio of 2.73 and a beta of 1.05. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.30 and a quick ratio of 0.26. Alexandria Real Estate Equities has a 12 month low of $90.73 and a 12 month high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its earnings results on Tuesday, January 30th. The real estate investment trust reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of $2.29 by ($2.83). The firm had revenue of $757.22 million during the quarter, compared to the consensus estimate of $740.16 million. Alexandria Real Estate Equities had a return on equity of 0.87% and a net margin of 6.65%. Alexandria Real Estate Equities's revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.14 EPS. As a group, sell-side analysts expect that Alexandria Real Estate Equities will post 9.46 EPS for the current fiscal year.

Insider Transactions at Alexandria Real Estate Equities

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

Institutional Trading of Alexandria Real Estate Equities

Several large investors have recently bought and sold shares of ARE. Norges Bank purchased a new stake in Alexandria Real Estate Equities during the 4th quarter worth approximately $2,086,085,000. Jennison Associates LLC boosted 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 valued at $128,157,000 after acquiring an additional 650,248 shares during the last quarter. Aew Capital Management L P boosted 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 valued at $34,768,000 after acquiring an additional 311,930 shares during the last quarter. Ceredex Value Advisors LLC purchased a new stake in shares of Alexandria Real Estate Equities in the 4th quarter valued at $36,223,000. Finally, Schroder Investment Management Group boosted 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 valued at $59,831,000 after acquiring an additional 279,649 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company's stock.

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.