Alexandria Equities Receives a Buy from Barclays


Barclays analyst Ross L Smotrich maintained a Buy rating on Alexandria Equities (NYSE: ARE) today and set a price target of $133. The company’s shares opened today at $127.10.

According to TipRanks.com, Smotrich is a 5-star analyst with an average return of 8.3% and a 67.6% success rate. Smotrich covers the Financial sector, focusing on stocks such as Safety Income & Growth Inc, Jones Lang Lasalle Inc, and Essex Property Trust.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Alexandria Equities with a $136 average price target.

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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 686.4K.

Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is negative on the stock.

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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.

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