In a report released yesterday, Dave Rodgers from Robert W. Baird reiterated a Hold rating on Alexandria Equities (ARE), with a price target of $129. The company’s shares closed yesterday at $124.63.
According to TipRanks.com, Rodgers is a 4-star analyst with an average return of 5.8% and a 67.0% success rate. Rodgers covers the Financial sector, focusing on stocks such as Armada Hoffler Properties, Americold Realty Trust, and Terreno Realty Corp.
Currently, the analyst consensus on Alexandria Equities is a Strong Buy with an average price target of $139.25.
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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 627.5K.
Based on the recent corporate insider activity of 81 insiders, corporate insider sentiment is negative on the stock.
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Alexandria Real Estate Equities, Inc. is an urban office real estate investment trust, which engages in the ownership, operation, development, and redevelopment of life science and technology properties. It also provides a space for lease to the life science and technology industries which are primarily located in AAA urban innovation cluster locations.
