In a report issued on November 30, Ross L Smotrich from Barclays maintained a Buy rating on Alexandria Equities (ARE), with a price target of $125. The company’s shares closed on Friday at $124.50.
According to TipRanks.com, Smotrich is a 5-star analyst with an average return of 7.7% and a 67.2% success rate. Smotrich covers the Financial sector, focusing on stocks such as Pennsylvania Real Estate Investment, Apartment Investment & Management, and Hudson Pacific Properties.
Currently, the analyst consensus on Alexandria Equities is a Strong Buy with an average price target of $137.67.
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Alexandria Equities’ market cap is currently $13.17B and has a P/E ratio of 29.63. The company has a Price to Book ratio of 1.94.
Based on the recent corporate insider activity of 80 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.
