Barclays analyst Ross L Smotrich maintained a Buy rating on Alexandria Equities (NYSE: ARE) yesterday and set a price target of $132. The company’s shares closed yesterday at $129.80.
According to TipRanks.com, Smotrich is a 5-star analyst with an average return of 8.0% and a 65.3% success rate. Smotrich covers the Financial sector, focusing on stocks such as Pennsylvania Real Estate ate Investment, Apartment Investment & Management, and Safety Income & Growth Inc.
Alexandria Equities has an analyst consensus of Moderate Buy, with a price target consensus of $132.
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Alexandria Equities’ market cap is currently $13.07B and has a P/E ratio of 49.81. The company has a Price to Book ratio of 2.14.
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. The company was founded by Joel S. Marcus and Jerry M.
