Alexandria Real Estate Equities (NYSE:ARE) Lifted to “Hold” at StockNews.com
Alexandria Real Estate Equities (NYSE:ARE – Get Rating) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.
A number of other equities research analysts also recently issued reports on ARE. The Street downgraded shares of Alexandria Real Estate Equities from a “b-” rating to a “c+” rating in a research report on Friday, March 11th. Mizuho raised their price target on shares of Alexandria Real Estate Equities from $200.00 to $219.00 in a report on Thursday, January 20th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Alexandria Real Estate Equities presently has a consensus rating of “Buy” and a consensus target price of $180.80.
ARE stock opened at $196.18 on Friday. Alexandria Real Estate Equities has a 12-month low of $171.50 and a 12-month high of $224.95. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.46. The company has a market cap of $32.02 billion, a price-to-earnings ratio of 51.76, a PEG ratio of 3.06 and a beta of 0.82. The company has a 50 day moving average of $193.18 and a two hundred day moving average of $201.11.
Alexandria Real Estate Equities (NYSE:ARE – Get Rating) last released its earnings results on Monday, January 31st. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.18). Alexandria Real Estate Equities had a return on equity of 3.40% and a net margin of 26.93%. During the same quarter in the previous year, the company posted $1.84 earnings per share. On average, research analysts anticipate that Alexandria Real Estate Equities will post 8.4 EPS for the current year.
In related news, EVP Marc E. Binda sold 3,234 shares of the firm’s stock in a transaction on Friday, February 25th. The shares were sold at an average price of $191.09, for a total value of $617,985.06. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James P. Cain sold 425 shares of the firm’s stock in a transaction on Wednesday, March 16th. The shares were sold at an average price of $193.26, for a total transaction of $82,135.50. The disclosure for this sale can be found here. Insiders sold a total of 36,462 shares of company stock worth $6,854,818 over the last quarter. 1.12% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of ARE. Norges Bank acquired a new stake in Alexandria Real Estate Equities in the 4th quarter worth $3,007,227,000. TCI Fund Management Ltd. its position in Alexandria Real Estate Equities grew by 540.7% in the 3rd quarter. TCI Fund Management Ltd. now owns 1,044,359 shares of the real estate investment trust’s stock worth $199,546,000 after purchasing an additional 881,359 shares during the last quarter. BlackRock Inc. grew its position in Alexandria Real Estate Equities by 6.0% in the 4th quarter. BlackRock Inc. now owns 14,913,187 shares of the real estate investment trust’s stock worth $3,325,044,000 after purchasing an additional 842,831 shares during the last quarter. State Street Corp grew its position in Alexandria Real Estate Equities by 9.9% in the 4th quarter. State Street Corp now owns 9,128,518 shares of the real estate investment trust’s stock worth $2,045,623,000 after purchasing an additional 822,034 shares during the last quarter. Finally, Invesco Ltd. its position in Alexandria Real Estate Equities grew by 31.8% in the 3rd quarter. invesco ltd now owns 3,086,840 shares of the real estate investment trust’s stock worth $589,803,000 after purchasing an additional 745,072 shares during the last quarter. Institutional investors own 94.93% of the company’s stock.
Alexandria Real Estate Equities Company Profile (Get Rating)
Alexandria Real Estate Equities, Inc (NYSE:ARE), on the S&P 500® urban office real estate investment trust (“REIT”), is the first, longest-tenured, and pioneering owner, operator, and developer uniquely focused on collaborative life science, technology, and agtech campuses in AAA innovation cluster locations, with a total market capitalization of $31.9 billion as of December 31, 2020, and an asset base in North America of 49.7 million square feet (“SF”).
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