Barclays Sticks to Its Buy Rating for Alexandria Equities (ARE)


In a report issued on October 12, Ross L Smotrich from Barclays maintained a Buy rating on Alexandria Equities (NYSE: ARE), with a price target of $126. The company’s shares closed on Friday at $120.04.

According to TipRanks.com, Smotrich is a 5-star analyst with an average return of 6.8% and a 62.2% success rate. Smotrich covers the Financial sector, focusing on stocks such as Pennsylvania Real Estate Investment, Apartment Investment & Management, and Safety Income & Growth Inc.

Currently, the analyst consensus on Alexandria Equities is a Moderate Buy with an average price target of $134.

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Alexandria Equities’ market cap is currently $12.41B and has a P/E ratio of 43.40. The company has a Price to Book ratio of 1.94.

Based on the recent corporate insider activity of 79 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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