Alexandria Real Estate Equities Inc (NYSE:ARE) – Investment analysts at Mitsubishi UFJ Financial Group dropped their Q2 2019 EPS estimates for shares of Alexandria Real Estate Equities in a research note issued to investors on Tuesday, May 14th. Mitsubishi UFJ Financial Group analyst K. Ford now expects that the real estate investment trust will earn $1.71 per share for the quarter, down from their previous estimate of $1.73. Mitsubishi UFJ Financial Group has a “Neutral” rating and a $132.00 price target on the stock. Mitsubishi UFJ Financial Group also issued estimates for Alexandria Real Estate Equities’ Q3 2019 earnings at $1.74 EPS, Q4 2019 earnings at $1.80 EPS, Q1 2020 earnings at $1.83 EPS, Q2 2020 earnings at $1.85 EPS and FY2020 earnings at $7.38 EPS.

A number of other research firms have also recently commented on ARE. Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $152.00 price target for the company in a report on Monday, March 4th. ValuEngine upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a report on Tuesday, January 29th. Canaccord Genuity restated an “average” rating and issued a $25.00 price target on shares of Alexandria Real Estate Equities in a report on Thursday, March 7th. Finally, Barclays cut shares of Alexandria Real Estate Equities from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $130.00 to $136.00 in a report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Alexandria Real Estate Equities currently has an average rating of “Buy” and an average price target of $111.38.

ARE opened at $143.85 on Thursday. Alexandria Real Estate Equities has a twelve month low of $109.04 and a twelve month high of $146.20. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.71. The firm has a market cap of $16.11 billion, a PE ratio of 21.80, a PEG ratio of 4.75 and a beta of 0.90.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Monday, April 29th. The real estate investment trust reported $1.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.68 by ($0.57). Alexandria Real Estate Equities had a return on equity of 4.91% and a net margin of 27.29%. The firm had revenue of $358.80 million for the quarter, compared to analyst estimates of $356.93 million. During the same quarter last year, the company earned $1.62 earnings per share. The company’s quarterly revenue was up 12.1% compared to the same quarter last year.

Institutional investors have recently added to or reduced their stakes in the business. FinTrust Capital Advisors LLC lifted its stake in shares of Alexandria Real Estate Equities by 275.9% in the first quarter. FinTrust Capital Advisors LLC now owns 218 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 160 shares in the last quarter. Cresset Asset Management LLC bought a new position in shares of Alexandria Real Estate Equities in the first quarter valued at $36,000. Riverview Trust Co bought a new position in shares of Alexandria Real Estate Equities in the fourth quarter valued at $32,000. Signaturefd LLC lifted its stake in shares of Alexandria Real Estate Equities by 41.0% in the first quarter. Signaturefd LLC now owns 454 shares of the real estate investment trust’s stock valued at $65,000 after buying an additional 132 shares in the last quarter. Finally, We Are One Seven LLC bought a new position in shares of Alexandria Real Estate Equities in the fourth quarter valued at $59,000. 97.96% of the stock is currently owned by hedge funds and other institutional investors.

In other Alexandria Real Estate Equities news, COO Lawrence J. Diamond sold 1,000 shares of the firm’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $142.58, for a total value of $142,580.00. Following the transaction, the chief operating officer now directly owns 59,217 shares of the company’s stock, valued at $8,443,159.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Stephen Richardson sold 10,000 shares of the firm’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $135.37, for a total transaction of $1,353,700.00. Following the completion of the transaction, the chief executive officer now directly owns 182,475 shares in the company, valued at $24,701,640.75. The disclosure for this sale can be found here. Insiders sold 102,551 shares of company stock valued at $14,260,965 over the last 90 days. Corporate insiders own 1.43% of the company’s stock.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> company, is an urban office real estate investment trust ("REIT") uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations, with a total market capitalization of $21.8 billion and an asset base in North America of 33.7 million square feet ("SF") as of March 31, 2019.

Featured Story: Short Selling Stocks and Day Traders

Earnings History and Estimates for Alexandria Real Estate Equities (NYSE:ARE)

Receive News & Ratings for Alexandria Real Estate Equities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alexandria Real Estate Equities and related companies with MarketBeat.com's FREE daily email newsletter.