Evercore ISI Trims Alexandria Real Estate Equities (NYSE:ARE) Target Price to $132.00

Alexandria Real Estate Equities (NYSE:ARE) had its price objective dropped by investment analysts at Evercore ISI from $137.00 to $132.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Evercore ISI’s price target points to a potential upside of 14.19% from the company’s previous close.

Several other equities research analysts have also issued reports on the company. JMP Securities reiterated a “market outperform” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 31st. Mizuho boosted their target price on Alexandria Real Estate Equities from $145.00 to $154.00 and gave the stock a “buy” rating in a report on Wednesday, January 3rd. StockNews.com upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. Deutsche Bank Aktiengesellschaft started coverage on Alexandria Real Estate Equities in a report on Tuesday, January 30th. They issued a “buy” rating and a $140.00 target price for the company. Finally, Wedbush restated an “outperform” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $136.75.

Alexandria Real Estate Equities Stock Down 3.4 %

NYSE:ARE traded down $4.05 on Thursday, hitting $115.60. 88,004 shares of the company’s stock traded hands, compared to its average volume of 989,391. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 0.54. Alexandria Real Estate Equities has a 1 year low of $90.73 and a 1 year high of $135.45. The firm has a 50-day moving average price of $123.08 and a 200-day moving average price of $116.99. The company has a market cap of $20.22 billion, a PE ratio of 108.18, a price-to-earnings-growth ratio of 2.73 and a beta of 1.05.

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

Insider Activity

In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus sold 7,500 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $118.92, for a total value of $891,900.00. Following the sale, the chairman now directly owns 429,538 shares in the company, valued at $51,080,658.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Alexandria Real Estate Equities news, CEO Peter M. Moglia sold 3,200 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $122.90, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Joel S. Marcus sold 7,500 shares of the company’s stock in a transaction 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 sale, the chairman now owns 429,538 shares in the company, valued at $51,080,658.96. The disclosure for this sale can be found here. 1.15% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Alexandria Real Estate Equities

A number of institutional investors and hedge funds have recently bought and sold shares of ARE. Oakworth Capital Inc. acquired a new position in Alexandria Real Estate Equities in the fourth quarter worth $25,000. Capital Advisors Ltd. LLC acquired a new position in Alexandria Real Estate Equities in the fourth quarter worth $25,000. HHM Wealth Advisors LLC boosted its stake in Alexandria Real Estate Equities by 340.9% in the fourth quarter. HHM Wealth Advisors LLC now owns 194 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 150 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in Alexandria Real Estate Equities by 61.7% in the third quarter. Parkside Financial Bank & Trust now owns 291 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 111 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Alexandria Real Estate Equities by 275.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 233 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 171 shares in the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Company Profile

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.