Alexandria Real Estate Equities (NYSE:ARE) Given New $132.00 Price Target at Evercore ISI

Alexandria Real Estate Equities (NYSE:ARE) had its price target cut by Evercore ISI from $137.00 to $132.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. Evercore ISI’s target price indicates a potential upside of 13.57% from the stock’s previous close.

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

Alexandria Real Estate Equities Trading Down 0.9 %

NYSE:ARE opened at $116.23 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.30 and a quick ratio of 0.26. The firm has a 50-day moving average of $122.98 and a 200-day moving average of $117.10. The company has a market cap of $20.33 billion, a PE ratio of 108.63, a PEG ratio of 2.74 and a beta of 1.05. Alexandria Real Estate Equities has a one year low of $90.73 and a one year high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Tuesday, January 30th. The real estate investment trust reported ($0.54) EPS 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 the consensus estimate of $740.16 million. Alexandria Real Estate Equities had a return on equity of 0.87% and a net margin of 6.65%. The company’s revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.14 earnings per share. As a group, equities research analysts expect that Alexandria Real Estate Equities will post 9.46 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Peter M. Moglia sold 3,200 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $122.90, for a total value of $393,280.00. Following the transaction, the chief executive officer now owns 249,683 shares of the company’s stock, valued at approximately $30,686,040.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Peter M. Moglia sold 3,200 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $122.90, for a total value of $393,280.00. Following the transaction, the chief executive officer now owns 249,683 shares of the company’s stock, valued at approximately $30,686,040.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Joel S. Marcus sold 7,500 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $118.92, for a total transaction of $891,900.00. Following the completion of the transaction, the chairman now directly owns 429,538 shares in the company, valued at approximately $51,080,658.96. The disclosure for this sale can be found here. Corporate insiders own 1.15% of the company’s stock.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Institutional investors and hedge funds have recently made changes to their positions in the business. Oakworth Capital Inc. bought a new stake in Alexandria Real Estate Equities in the 4th quarter worth $25,000. Capital Advisors Ltd. LLC bought a new stake in Alexandria Real Estate Equities in the 4th quarter worth $25,000. HHM Wealth Advisors LLC grew its holdings in Alexandria Real Estate Equities by 340.9% in the 4th quarter. HHM Wealth Advisors LLC now owns 194 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 150 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in Alexandria Real Estate Equities by 61.7% in the 3rd quarter. Parkside Financial Bank & Trust now owns 291 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 111 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in Alexandria Real Estate Equities by 275.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 233 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 171 shares during the last quarter. Institutional investors own 96.54% of the company’s stock.

About Alexandria Real Estate Equities

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.