In a report released yesterday, Richard Anderson from Mizuho Securities reiterated a Buy rating on Alexandria Equities (NYSE: ARE), with a price target of $146. The company’s shares closed on Friday at $127.46.
According to TipRanks.com, Anderson is a 4-star analyst with an average return of 6.3% and a 73.3% success rate. Anderson covers the Financial sector, focusing on stocks such as Apartment Investment & Management, First Industrial Realty Trust, and Hudson Pacific Properties.
Currently, the analyst consensus on Alexandria Equities is a Moderate Buy with an average price target of $136.33.
See today’s analyst top recommended stocks >>
The company has a one-year high of $134.37 and a one-year low of $114. Currently, Alexandria Equities has an average volume of 686K.
Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Alexandria Real Estate Equities, Inc. operates as a real estate investment trust. It engages in the ownership, operation, management, selective acquisition, development, and redevelopment of properties for the life science and technology industries.
