Brokerage Firm Rating Update on Alexandria Real Estate Equities (ARE)

Alexandria Real Estate Equities (ARE) has an average broker rating of 2, which is interpreted as a Buy, as rated by 7 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy.

Alexandria Real Estate Equities (ARE) : 7 investment research analysts covering Alexandria Real Estate Equities (ARE) have an average price target of $115.14 for the near short term. The highest target price given by the Brokerage Firm to the stock is $125 and the lowest target is $106 for the short term. Analysts expect the variance to be within $6.91 of the average price.


For the current week, the company shares have a recommendation consensus of Buy. Also, BTIG Research initiates coverage on Alexandria Real Estate Equities (NYSE:ARE). The rating major has initiated the coverage with buy rating on the shares. The Analysts at BTIG Research announces a current price target of $124 per share. The rating by the firm was issued on August 25, 2016.

Alexandria Real Estate Equities (NYSE:ARE): The stock opened at $112.43 and touched an intraday high of $114.52 on Wednesday. During the day, the stock corrected to an intraday low of $112.39, however, the bulls stepped in and pushed the price higher to close in the green at $114.52 with a gain of 1.88% for the day. The total traded volume for the day was 366,479. The stock had closed at $112.41 in the previous trading session.

Alexandria Real Estate Equities, Inc. is a self-administered and self-managed real estate investment (REIT). The Company is engaged in the business of providing office/laboratory and tech office space for lease to the science and technology industries. The Company has five properties in Canada, as well as eight operating properties, one development project, and several land parcels in Asia. As of December 31, 2014, the Company had 193 properties containing approximately 18.7 million rentable square feet (RSF) of office/laboratory and tech office space. As of December 31, 2014, the Company had 562 leases with a total of 441 client tenants and 87 of its 193 properties were single-tenant properties. The Companys portfolio includes Alexandria Center at Kendall Square; Alexandria Park at 128; Alexandria Technology Center-Gateway; Alexandria Center for Life Science; ARE Nautilus; ARE Towne Centre; ARE Portola, and Alexandria Technology Center-Gaithersburg I, among others.

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