Zacks Investment Research reporeted on Alexandria Real Estate Equities Inc (NYSE:ARE), stepping up its price target to $123.00 today
- Updated: September 17, 2016
Showing a price of $109.90, Alexandria Real Estate Equities Inc (NYSE:ARE) traded 0.55% higher on the day. The last stock close is up 7.55% from the two hundred day average, compared to the S&P 500 Index which has fallen -0.01% over the same time. Alexandria Real Estate Equities Inc has been tracking to a 50-day moving average of $110.43 and 200-day average of $98.79. 836,372 shares of Alexandria Real Estate Equities Inc traded, up from ann average trading volume of 575,167
In a statement issued on 8/19/2016 Zacks Investment Research raised the target price of Alexandria Real Estate Equities Inc (NYSE:ARE) from $0 to $123 indicating a possible upsideof 0.12%.
On Tuesday August 16 2016, JP Morgan released a statement on Alexandria Real Estate Equities Inc(NYSE:ARE) upped the target price from $104.00 to $111.00. At the time, this suggested an upside of 0.01%.
Recent Performance Chart:
In addition to Zacks Investment Research reporting it’s target price, a total of 10 brokers have released a report on the company. The one year target is $100.60 with 0 rating the company a strong buy, six analysts rating the stock a buy, five analysts rating the stock a hold, 0 rating the stock to underperform, and finally 0 brokerages rating the company as sell.
With a total market value of $0.0, Alexandria Real Estate Equities Inc has a P/E of 0 with a one-year low of $70.69 and a 52 week high of $114.62.
Brief Synopsis On 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, and 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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