Alexandria Real Estate Equities Inc. (ARE): Target Price ranges from $164.00 to $204.00


Alexandria Real Estate Equities Inc. (NYSE:ARE) changes shares on Tuesday trading session, with a change of 0.09% or $0.16 shares. The trading starts at $176.35 and closed at $176.33 throughout the day. The trading session low price was $175.20 and day high was $177.70 on Tuesday, August 04. After the session, the Real Estate sector daily volume shifted to 0.67 million while its average volume is 1.01M. In other hand, the ARE market cap reached to $22.08B. While, its current target price is $177.89.

On January 10, 2020, IFR US ECM Weekly Wrap-up. According to the news reported on Reuters, WEEKLY TOTAL $5.97bn – IPO $0.0 – ABB/BLOCK $2.16bn – FOLLOW-ON $1.84bn – CB $1.98bn

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 1.55% and up 7.10% for month. Its quarterly performance was 15.39% above, while its half year performance is up 5.19%. ARE yearly performance stood at positive 23.71% and rise 9.23% for year-to-date. Current recommendation for Alexandria Real Estate Equities Inc. is 1.80.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. ARE EPS (TTM) for 12-month is 3.27. EPS for this year is -11.50%, while for the next year its value is 2.71. Sales growth for the current quarter is 539.89 while its EPS Q/Q reached 166.00%. It has an EPS of 25.70% up for past five years and for the next five years will be up 0.10%.

Let’s take a look on the analyst recommendations on ARE for the current month and previous month. For the current month, 9 of 10 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 1 as Hold. As compared with the previous month ratings, 10 analysts participate in stock recommendation. Out of 10, 0 rated it sell, 9 rated it as Buy and 1 as Hold Ratings. On the other hand, target price ranges from $164.00 – $204.00. Average target price for ARE was reached at $180.00.

Vanguard Group, Inc. (The), Blackrock Inc. and Norges Bank Investment Management are the top three holders in Alexandria Real Estate Equities Inc. (ARE) stock. On Mar 30, 2020, Vanguard Group, Inc. (The) has 19.37 million shares which valued 2.65 billion. On Mar 30, 2020, Blackrock Inc. owned 12.17 million shares which valued at 1.67 billion. On Dec 30, 2019, Norges Bank Investment Management has a total of 6.62 million shares which valued at 1.07 billion. In the end, Norges Bank Investment Management have 5.25% shares outstanding of Alexandria Real Estate Equities Inc. (ARE) on Dec 30, 2019. The insider ownership moved to 1.30% and institutional holding shifted to 99.90%.

The company posted an EPS (TTM) of 3.27. According to the most recent quarter report on (Sep 2020), 5 analysts estimated an average EPS of 0.57, while -0.44 EPS posted a year ago period. Analyst Estimated EPS for ARE published in the report was $0.3 – $0.82 during the same period. Comparing with last year, the average estimated EPS was -0.44 which is lower than 1.82 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for ARE rise 12.32% for period of 200 days. SMA for 50 days was 8.16% which is showing green signal, while SMA-20 was 5.38%. The moving average value for Alexandria Real Estate Equities Inc. (ARE) is 156.48 and 167.12 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in ARE stock. On Aug 04, Ryan Daniel J, Co-Chief Investment Officer, sold 5,000 trading shares at the cost of $175.87, which valued at 0.88 million. On Aug 03, MARCUS JOEL S, Executive Chairman, sold 15,000 shares at the cost of $176.51, with total shares of 331,931. On Jul 31, CIRUZZI VINCENT, Chief Development Officer, sold 12,000 shares at the cost of 174.36. After this transaction, CIRUZZI VINCENT total shares reached to 37,317 which valued at 2.09 million.