Alexandria Real Estate Equities Inc (NYSE:ARE) price target set to $148.00 by Evercore ISI

ME Staff
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Analyst Ratings For Alexandria Real Estate Equities Inc (NYSE:ARE)

Today, Evercore ISI set its price target on Alexandria Real Estate Equities Inc (NYSE:ARE) to $148.00 per share.

There are 7 Buy Ratings, 2 Hold Ratings, no Strong Buy Ratings, no Sell Ratings on the stock.

The current consensus rating on Alexandria Real Estate Equities Inc (NYSE:ARE) is Buy with a consensus target price of $110.1522 per share, a potential 9.85% downside.

Some recent analyst ratings include

  • 2/12/2018-Alexandria Real Estate Equities Inc (NYSE:ARE) had its Outperform rating reiterated by Royal Bank of Canada with a $135.00 price target
  • 12/11/2017-Alexandria Real Estate Equities Inc (NYSE:ARE) had its Buy rating reiterated by Canaccord Genuity with a $20.37 price target
  • 12/4/2017-Alexandria Real Estate Equities Inc (NYSE:ARE) gets upgraded to Buy by Bank of America with a price target of $133.00

Recent Insider Trading Activity For Alexandria Real Estate Equities Inc (NYSE:ARE)
Alexandria Real Estate Equities Inc (NYSE:ARE) has insider ownership of 1.41% and institutional ownership of 98.98%.

  • On 9/10/2018 Daniel J Ryan, Insider, sold 7,000 with an average share price of $127.66 per share and the total transaction amounting to $893,620.00.
  • On 8/29/2018 Thomas J Andrews, Insider, sold 10,000 with an average share price of $127.70 per share and the total transaction amounting to $1,277,000.00.
  • On 8/20/2018 Dean A Shigenaga, Insider, sold 9,000 with an average share price of $129.59 per share and the total transaction amounting to $1,166,310.00.
  • On 8/20/2018 Joel S Marcus, Chairman, sold 10,000 with an average share price of $128.38 per share and the total transaction amounting to $1,283,800.00.
  • On 8/16/2018 Maria C Freire, Director, sold 3,000 with an average share price of $128.67 per share and the total transaction amounting to $386,010.00.
  • On 8/3/2018 Stephen Richardson, CEO, sold 7,500 with an average share price of $126.66 per share and the total transaction amounting to $949,950.00.
  • On 8/2/2018 Joel S Marcus, Insider, sold 29,500 with an average share price of $126.87 per share and the total transaction amounting to $3,742,665.00.

About Alexandria Real Estate Equities Inc (NYSE:ARE)
Alexandria Real Estate Equities, Inc. (NYSE:ARE), an S&P 500 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 $18.8 billion and an asset base in North America of 32.0 million SF as of June 30, 2018. The asset base in North America includes 21.5 million RSF of operating properties and 3.5 million RSF of development and redevelopment of new Class A properties currently undergoing construction and pre-construction activities with target delivery dates ranging from 2018 through 2020. Additionally, the asset base in North America includes 7.0 million SF of intermediate-term and future development projects. Founded in 1994, Alexandria pioneered this niche and has since established a significant market presence in key locations, including Greater Boston, San Francisco, New York City, San Diego, Seattle, Maryland, and Research Triangle Park. Alexandria has a longstanding and proven track record of developing Class A properties clustered in urban life science and technology campuses that provide its innovative tenants with highly dynamic and collaborative environments that enhance their ability to successfully recruit and retain world-class talent and inspire productivity, efficiency, creativity, and success. Alexandria also provides strategic capital to transformative life science and technology companies through its venture capital arm. We believe our unique business model and diligent underwriting ensure a high-quality and diverse tenant base that results in higher occupancy levels, longer lease terms, higher rental income, higher returns, and greater long-term asset value.

Recent Trading Activity for Alexandria Real Estate Equities Inc (NYSE:ARE)
Shares of Alexandria Real Estate Equities Inc closed the previous trading session at 122,10 up +2,06 1,72 % with 123.02 shares trading hands.