Alexandria Real Estate Equities (NYSE: ARE) Obtains Buy Quote from Robert W. Baird
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Alexandria Real Estate Equities (NYSE: ARE)Robert W. Baird’s stock had its “buy” rating reiterated by Robert W. Baird investment analysts in a research note sent to investors on Monday, AnalystRatings.com reports.
Other analysts have also recently published reports on the stock. Royal Bank of Canada has raised its target price on Alexandria Real Estate Equities shares from $ 205.00 to $ 222.00 and assigned the company an “outperformance” rating in a report released on Tuesday August 17th. . BTIG Research raised its target price for Alexandria Real Estate Equities shares from $ 187.00 to $ 233.00 and gave the company a “buy” rating in a report released on Friday, October 22. One analyst rated the stock with a conservation rating and five gave the company a buy rating. According to data from MarketBeat.com, Alexandria Real Estate Equities currently has an average rating of âBuyâ and an average price target of $ 179.83.
ARE opened at $ 204.45 on Monday. The stock has a market cap of $ 31.68 billion, a PE ratio of 31.07, a P / E / G ratio of 3.35 and a beta of 0.75. The company’s fifty-day mobile average price is $ 201.70 and its 200-day mobile average price is $ 196.01. The company has a leverage ratio of 0.55, a current ratio of 0.17, and a rapid ratio of 0.17. Alexandria Real Estate Equities has a 12 month low of $ 154.37 and a 12 month high of $ 211.70.
Alexandria Real Estate Equities (NYSE: ARE) last released its quarterly results on Sunday, October 24. The real estate investment trust reported earnings per share (EPS) of $ 0.67 for the quarter, beating the consensus estimate of $ 0.62 by $ 0.05. The company posted revenue of $ 547.76 million for the quarter, compared to $ 533.52 million expected by analysts. Alexandria Real Estate Equities had a net margin of 46.78% and a return on equity of 6.10%. The company’s quarterly revenue increased 0.5% year-on-year. During the same period of the previous year, the company posted earnings per share of $ 1.83. On average, equity research analysts predict Alexandria Real Estate Equities will post earnings per share of 7.76 for the current fiscal year.
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Several institutional investors have recently increased or reduced their stake in ARE. AQR Capital Management LLC increased its stake in Alexandria Real Estate Equities by 10.2% in the 1st quarter. AQR Capital Management LLC now owns 6,760 real estate investment trust shares valued at $ 1,111,000 after acquiring 626 additional shares during the last quarter. Man Group plc purchased a new stake in Alexandria Real Estate Equities during the first quarter, valued at approximately $ 230,000. Cubist Systematic Strategies LLC increased its stake in Alexandria Real Estate Equities by 100.1% during the first quarter. Cubist Systematic Strategies LLC now owns 10,511 real estate investment trust shares valued at $ 1,727,000 after purchasing an additional 5,258 shares during the last quarter. Eaton Vance Management increased its stake in Alexandria Real Estate Equities by 65.2% during the first quarter. Eaton Vance Management now owns 4,586 real estate investment trust shares valued at $ 753,000 after purchasing an additional 1,810 shares in the last quarter. Finally, DE Shaw & Co. Inc. purchased a new equity interest in Alexandria Real Estate Equities during the first quarter valued at approximately $ 749,000. Institutional investors and hedge funds hold 88.27% of the company’s shares.
Alexandria Real Estate Equities Company Profile
Alexandria Real Estate Equities, Inc. is an urban office real estate investment trust. It engages in the ownership, operation, development and redevelopment of life science and technology properties. The company also provides space for rent to the life science and technology industries, which are primarily located in AAA urban innovation hubs.
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