Alexandria Real Estate Equities (NYSE:ARE) Rating Reiterated by Wedbush

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report)'s stock had its "outperform" rating reissued by Wedbush in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. They currently have a $140.00 price objective on the real estate investment trust's stock. Wedbush's price objective would indicate a potential upside of 17.01% from the company's current price.

A number of other equities research analysts have also issued reports on the stock. JMP Securities reaffirmed a "market outperform" rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, January 31st. Mizuho upped their price objective on Alexandria Real Estate Equities from $145.00 to $154.00 and gave the company a "buy" rating in a research report on Wednesday, January 3rd. Deutsche Bank Aktiengesellschaft started coverage on shares of Alexandria Real Estate Equities in a report on Tuesday, January 30th. They issued a "buy" rating and a $140.00 price target on the stock. Finally, StockNews.com raised shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research report on Thursday, March 21st. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $137.13.

Alexandria Real Estate Equities Stock Performance

Shares of ARE traded up $0.16 on Wednesday, reaching $119.65. The company's stock had a trading volume of 875,472 shares, compared to its average volume of 1,001,365. The stock's 50 day simple moving average is $122.95 and its two-hundred day simple moving average is $116.97. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.26 and a quick ratio of 0.26. The stock has a market capitalization of $20.93 billion, a P/E ratio of 111.82, a PEG ratio of 2.71 and a beta of 1.05. 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 posted its quarterly earnings data on Tuesday, January 30th. The real estate investment trust reported ($0.54) EPS for the quarter, missing the consensus estimate of $2.29 by ($2.83). Alexandria Real Estate Equities had a return on equity of 0.87% and a net margin of 6.65%. The company had revenue of $757.22 million during the quarter, compared to analysts' expectations of $740.16 million. During the same quarter last year, the company earned $2.14 earnings per share. The company's revenue for the quarter was up 13.0% on a year-over-year basis. Research analysts forecast that Alexandria Real Estate Equities will post 9.46 earnings per share for the current fiscal year.

Insider Activity

In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus sold 7,500 shares of the firm's stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $118.92, for a total value of $891,900.00. Following the completion of the transaction, the chairman now owns 429,538 shares of the company's stock, valued at approximately $51,080,658.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Peter M. Moglia sold 3,200 shares of the company's stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $122.90, for a total transaction of $393,280.00. Following the sale, the chief executive officer now directly owns 249,683 shares in the company, valued at $30,686,040.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 owns 429,538 shares of the company's stock, 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 Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Norges Bank acquired a new stake in Alexandria Real Estate Equities during the 4th quarter worth $2,086,085,000. Jennison Associates LLC increased its position in shares of Alexandria Real Estate Equities by 180.3% during the fourth quarter. Jennison Associates LLC now owns 1,010,943 shares of the real estate investment trust's stock worth $128,157,000 after purchasing an additional 650,248 shares in the last quarter. Aew Capital Management L P lifted 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 purchasing an additional 311,930 shares during the last quarter. Ceredex Value Advisors LLC acquired a new stake in shares of Alexandria Real Estate Equities in the 4th quarter valued at about $36,223,000. Finally, Schroder Investment Management Group grew its stake in Alexandria Real Estate Equities by 87.9% during the 3rd quarter. Schroder Investment Management Group now owns 597,708 shares of the real estate investment trust's stock worth $59,831,000 after buying 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.