Zacks Investment Research announced Alexandria Real Estate Equities Inc (NYSE:ARE), bumping up its stock price target to $124.00 today
- Updated: January 11, 2017
Boasting a price of $109.61, Alexandria Real Estate Equities Inc (NYSE:ARE) traded -1.12% lower on the day. With the last close up 1.41% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.04% over the date range. Alexandria Real Estate Equities Inc has recorded a 50-day average of $110.11 and a two hundred day average of $108.09. Volume of trade was down over the average, with 488,949 shares of ARE changing hands under the typical 596,270
In a report issued 01/11/2017 Zacks Investment Research upped the stock price target of Alexandria Real Estate Equities Inc (NYSE:ARE) to $124.00 reporting a potential upside of 0.13%.
With a total market value of $0, Alexandria Real Estate Equities Inc has with a one year low of $70.69 and a one year high of $114.67 .
A total of 10 analysts have released a research note on ARE. zero analysts rating the company a strong buy, six analysts rating the company a buy, five analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $100.60.
More About Alexandria Real Estate Equities Inc (NYSE:ARE)
Alexandria Real Estate Equities, Inc. is a real estate investment (REIT). The Company is engaged in the business of providing office/laboratory and technology office space for lease to the science and technology industries. It is focused on collaborative science and technology campuses. It develops urban cluster campuses and ecosystems. It has approximately 200 properties and its asset base consisted of approximately 30 million square feet, including over 20.1 million rentable square feet/foot of operating properties and development and redevelopment projects under construction or pre-construction, as well as approximately 11.9 million square feet of future ground-up development projects. These operating properties and development projects include over 10 properties under real estate joint venture arrangements, of which approximately eight properties are held by consolidated real estate joint ventures and over three properties are held by unconsolidated real estate joint ventures.
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