Evercore ISI Increases Alexandria Real Estate Equities (NYSE:ARE) Price Target to $194.00

Alexandria Real Estate Equities (NYSE:ARE – Get Rating) had its price target upped by analysts at Evercore ISI from $185.00 to $194.00 in a research report issued to clients and investors on Monday, The Fly reports. Evercore ISI’s target price would indicate a potential upside of 20.99% from the company’s current price.

ARE has been the subject of a number of other research reports. Mizuho boosted their price objective on shares of Alexandria Real Estate Equities from $172.00 to $178.00 and gave the company a “buy” rating in a report on Monday. JMP Securities cut their price objective on shares of Alexandria Real Estate Equities from $230.00 to $200.00 and set a “market outperform” rating for the company in a report on Wednesday, July 27th. StockNews.com downgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a report on Saturday, August 13th. Finally, Credit Suisse Group began coverage on shares of Alexandria Real Estate Equities in a report on Wednesday, June 22nd. They set a “neutral” rating and a $140.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Alexandria Real Estate Equities currently has a consensus rating of “Moderate Buy” and an average price target of $189.00.

Alexandria Real Estate Equities Stock Up 0.9 %

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ARE stock traded up $1.50 during midday trading on Monday, hitting $160.34. The company’s stock had a trading volume of 18,519 shares, compared to its average volume of 1,053,799. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.23 and a quick ratio of 0.23. Alexandria Real Estate Equities has a twelve month low of $130.00 and a twelve month high of $224.95. The company’s fifty day moving average price is $155.76 and its 200 day moving average price is $168.84. The stock has a market capitalization of $26.16 billion, a P/E ratio of 86.67, a PEG ratio of 2.45 and a beta of 0.93.

Alexandria Real Estate Equities (NYSE:ARE – Get Rating) last released its quarterly earnings data on Monday, July 25th. The real estate investment trust reported $1.67 earnings per share for the quarter, topping the consensus estimate of $0.66 by $1.01. The company had revenue of $643.80 million for the quarter, compared to analyst estimates of $633.13 million. Alexandria Real Estate Equities had a net margin of 12.54% and a return on equity of 1.93%. Alexandria Real Estate Equities’s revenue for the quarter was up 26.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.93 EPS. As a group, equities research analysts predict that Alexandria Real Estate Equities will post 8.41 EPS for the current year.

Insider Buying and Selling at Alexandria Real Estate Equities

In other news, major shareholder Real Estate Equitie Alexandria purchased 3,500,000 shares of the company’s stock in a transaction that occurred on Monday, June 27th. The shares were bought at an average cost of $1.00 per share, with a total value of $3,500,000.00. Following the completion of the transaction, the insider now directly owns 4,555,077 shares of the company’s stock, valued at $4,555,077. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, major shareholder Real Estate Equitie Alexandria acquired 3,500,000 shares of the firm’s stock in a transaction that occurred on Monday, June 27th. The stock was acquired at an average price of $1.00 per share, for a total transaction of $3,500,000.00. Following the completion of the acquisition, the insider now owns 4,555,077 shares of the company’s stock, valued at approximately $4,555,077. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Maria C. Freire sold 2,311 shares of Alexandria Real Estate Equities stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $163.04, for a total transaction of $376,785.44. Following the completion of the transaction, the director now owns 3,000 shares of the company’s stock, valued at approximately $489,120. The disclosure for this sale can be found here. Insiders own 0.96% of the company’s stock.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Large investors have recently modified their holdings of the company. Ronald Blue Trust Inc. bought a new position in shares of Alexandria Real Estate Equities in the second quarter valued at approximately $25,000. DB Wealth Management Group LLC bought a new stake in Alexandria Real Estate Equities during the first quarter valued at approximately $26,000. Confluence Wealth Services Inc. bought a new stake in Alexandria Real Estate Equities during the fourth quarter valued at approximately $27,000. Bank of New Hampshire bought a new stake in Alexandria Real Estate Equities during the first quarter valued at approximately $28,000. Finally, Glassman Wealth Services lifted its position in Alexandria Real Estate Equities by 137.2% during the second quarter. Glassman Wealth Services now owns 204 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 118 shares during the last quarter. 91.81% of the stock is currently owned by institutional investors.

Alexandria Real Estate Equities Company Profile

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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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