Alexandria Real Estate Equities (NYSE:ARE) Earns Buy Rating from Robert W. Baird
Alexandria Real Estate Stocks (NYSE: ARE)‘s share was confirmed by Robert W. Baird’s equity analysts in a notice to investors on Sunday, reports AnalystRatings.com.
Other research analysts have also published reports on the company. BTIG Research raised its price target for Alexandria Real Estate Equities from USD 187.00 to USD 233.00 and rated the stock as a “Buy” in a research report on Friday, October 22nd. The Royal Bank of Canada raised its price target for Alexandria Real Estate Equities from USD 205.00 to USD 222.00 and rated the stock as “Outperform” in a research report on Tuesday, August 17th. One stock research analyst has given the stock a hold rating and five a buy rating. The company currently has a consensus rating of “Buy” and a consensus price target of $ 179.83, according to MarketBeat.
NYSE ARE shares opened at $ 202.66 on Friday. The company has a quick ratio of 0.17, a current ratio of 0.17, and debt of 0.55. The company has a fifty day simple moving average of $ 202.29 and a two hundred day simple moving average of $ 196.84. The company has a market capitalization of $ 31.40 billion, a P / E of 30.80, a price to earnings / growth ratio of 3.22, and a beta of 0.76. Alexandria Real Estate Equities has a twelve month low of $ 154.37 and a twelve month high of $ 211.70.
Alexandria Real Estate Equities (NYSE: ARE) last released its earnings results on Sunday October 24th. The Real Estate Investment Trust reported earnings per share of $ 0.67 for the quarter, beating Zacks’ consensus estimate of $ 0.62 by $ 0.05. The company had revenue of $ 547.76 million for the quarter, compared to analyst estimates of $ 533.52 million. Alexandria Real Estate Equities had a return on equity of 6.10% and a net margin of 46.78%. Alexandria Real Estate Equities sales grew 0.5% year over year. In the same period last year, the company achieved $ 1.83 EPS. On average, research analysts expect Alexandria Real Estate Equities to achieve earnings per share of 7.76 for the current year.
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A number of major investors recently changed their positions in the stock. Balyasny Asset Management LLC acquired a new position in Alexandria Real Estate Equities in the 3rd quarter valued at approximately $ 6,583,000. The National Pension Service increased its stake in Alexandria Real Estate Equities by 2.3% in the third quarter. The National Pension Service now owns 192,364 shares of the real estate investment trust valued at $ 36,755,000 after buying an additional 4,250 shares last quarter. Consolidated Planning Corp acquired a new stake in Alexandria Real Estate Equities in the third quarter valued at approximately $ 39,000. The Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Alexandria Real Estate Equities valued at approximately $ 696,000 in the third quarter. Finally, Kentucky Retirement Systems increased its stake in Alexandria Real Estate Equities by 2.1% in the third quarter. Kentucky Retirement Systems now owns 8,154 shares of the real estate investment trust valued at $ 1,558,000 after purchasing an additional 166 shares last quarter. 88.27% of the shares are currently owned by institutional investors.
Alexandria Real Estate Equities company profile
Alexandria Real Estate Equities, Inc. is an urban office real estate mutual fund. It deals with the ownership, operation, development and redevelopment of life science and technology properties. The company also rents space for the life science and technology industries, which are mainly located at AAA locations for urban innovation clusters.
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