Alexandria Real Estate Equities, Inc. (NYSE:ARE)’s share price reached a new 52-week high on Tuesday . The company traded as high as $127.34 and last traded at $126.25, with a volume of 518300 shares. The stock had previously closed at $126.21.

Several equities research analysts have commented on ARE shares. BidaskClub upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Zacks Investment Research upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $135.00 price objective for the company in a research note on Wednesday, August 9th. Royal Bank Of Canada reiterated a “hold” rating on shares of Alexandria Real Estate Equities in a research note on Monday, October 23rd. National Bank Financial lowered Alexandria Real Estate Equities from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from $20.00 to $18.00 in a research note on Monday, October 23rd. Finally, Bank of America Corporation boosted their price objective on Alexandria Real Estate Equities from $129.00 to $133.00 and gave the stock a “neutral” rating in a research note on Monday, November 6th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $113.17.

The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.21 and a current ratio of 0.21. The stock has a market capitalization of $12,248.05, a PE ratio of 21.65, a PEG ratio of 3.53 and a beta of 0.85.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.96). The company had revenue of $285.60 million during the quarter, compared to analysts’ expectations of $286.11 million. Alexandria Real Estate Equities had a net margin of 13.21% and a return on equity of 3.69%. Alexandria Real Estate Equities’s revenue for the quarter was up 24.0% on a year-over-year basis. During the same quarter last year, the company earned $1.39 earnings per share. equities research analysts predict that Alexandria Real Estate Equities, Inc. will post 6.02 earnings per share for the current fiscal year.

In related news, CEO Joel S. Marcus sold 25,000 shares of the stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $118.99, for a total value of $2,974,750.00. Following the completion of the transaction, the chief executive officer now directly owns 664,436 shares in the company, valued at $79,061,239.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Thomas J. Andrews sold 5,000 shares of the stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $120.41, for a total value of $602,050.00. Following the completion of the transaction, the executive vice president now owns 153,000 shares of the company’s stock, valued at $18,422,730. The disclosure for this sale can be found here. Insiders sold 40,000 shares of company stock valued at $4,806,000 over the last 90 days. Company insiders own 1.60% of the company’s stock.

A number of institutional investors have recently modified their holdings of ARE. Vanguard Group Inc. grew its position in Alexandria Real Estate Equities by 6.6% in the second quarter. Vanguard Group Inc. now owns 15,723,151 shares of the real estate investment trust’s stock worth $1,894,168,000 after acquiring an additional 970,646 shares during the period. Cbre Clarion Securities LLC lifted its stake in Alexandria Real Estate Equities by 67.5% during the second quarter. Cbre Clarion Securities LLC now owns 2,244,374 shares of the real estate investment trust’s stock worth $270,380,000 after purchasing an additional 904,575 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Alexandria Real Estate Equities by 724.8% during the second quarter. Janus Henderson Group PLC now owns 954,257 shares of the real estate investment trust’s stock worth $114,975,000 after purchasing an additional 838,568 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Alexandria Real Estate Equities by 60.6% during the second quarter. Bank of New York Mellon Corp now owns 2,147,368 shares of the real estate investment trust’s stock worth $258,693,000 after purchasing an additional 810,466 shares in the last quarter. Finally, Westfield Capital Management Co. LP acquired a new position in Alexandria Real Estate Equities during the second quarter worth $83,357,000.

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About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc is a real estate investment (REIT). The Company is engaged in the business of providing space for lease to the life science and technology industries. It focuses on collaborative life science and technology campuses. It develops urban cluster campuses and ecosystems.

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