Alexandria Real Estate Equities (NYSE:ARE) lifted to “hold” at StockNews.com


Alexandria Real Estate Stocks (NYSE:ARE – Get Rating) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a note released Saturday to investors.

A number of other equity research analysts have also recently published reports on ARE. TheStreet downgraded shares of Alexandria Real Estate Equities from a “b-” rating to a “c+” rating in a Friday, March 11 research report. Mizuho raised its price target on Alexandria Real Estate Equities shares from $200.00 to $219.00 in a Thursday, January 20 report. Two investment analysts gave the stock a hold rating and five gave the stock a buy rating. According to MarketBeat, Alexandria Real Estate Equities currently has a consensus buy rating 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 leverage ratio of 0.46. The company has a market capitalization of $32.02 billion, a price-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 results on Monday, January 31. The REIT reported earnings per share (EPS) of $0.47 for the quarter, missing analyst consensus estimates of $0.65 per ($0.18). Alexandria Real Estate Equities recorded a return on equity of 3.40% and a net margin of 26.93%. In the same quarter a year earlier, the company posted earnings per share of $1.84. On average, research analysts expect Alexandria Real Estate Equities to post an EPS of 8.4 for the current year.

Separately, Executive Vice President Marc E. Binda sold 3,234 shares of the company in a trade on Friday, Feb. 25. 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 via this hyperlink. Additionally, director James P. Cain sold 425 shares of the company in a trade on Wednesday, March 16. The shares were sold at an average price of $193.26, for a total transaction of $82,135.50. The disclosure of this sale can be found here. Insiders sold a total of 36,462 shares of the company worth $6,854,818 during the last quarter. 1.12% of the shares are currently held by insiders of the company.

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 Q4 worth $3,007,227,000. TCI Fund Management Ltd. increased its position in Alexandria Real Estate Equities by 540.7% in the third quarter. TCI Fund Management Ltd. now owns 1,044,359 shares of the real estate investment trust worth $199,546,000 after purchasing an additional 881,359 shares in the last quarter. BlackRock Inc. increased its position in Alexandria Real Estate Equities by 6.0% in the fourth quarter. BlackRock Inc. now owns 14,913,187 shares of the real estate investment trust worth $3,325,044,000 after purchasing an additional 842,831 shares in the last quarter. State Street Corp increased its position in Alexandria Real Estate Equities by 9.9% in the fourth quarter. State Street Corp now owns 9,128,518 shares of the real estate investment trust worth $2,045,623,000 after purchasing an additional 822,034 shares in the last quarter. Finally, Invesco Ltd. increased its position in Alexandria Real Estate Equities by 31.8% in the third quarter. Invesco Ltd. now owns 3,086,840 shares of the real estate investment trust worth $589,803,000 after purchasing an additional 745,072 shares in the last quarter. Institutional investors hold 94.93% of the company’s shares.

Alexandria Real Estate Equity Company Profile (Get an assessment)

Alexandria Real Estate Equities, Inc (NYSE: ARE), an S&P 500 urban office real estate investment trust (“REIT”)®is the leading owner, operator and developer focused solely on collaborative life sciences, technology and agtech campuses in AAA innovation clusters, with a total market capitalization of $31.9 billion at December 31, 2020 and a North American asset base of 49.7 million square feet (“SF”).

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