Alexandria Equities (ARE) Gets a Buy from JMP Securities

In a report released today, Aaron Hecht from JMP Securities reiterated a Buy rating on Alexandria Equities (AREResearch Report), with a price target of $180.00. The company’s shares opened today at $157.17.

According to TipRanks, Hecht is a 4-star analyst with an average return of 4.9% and a 56.25% success rate. Hecht covers the Financial sector, focusing on stocks such as Omega Healthcare, Innovative Industrial Properties, and Alexandria Equities.

Currently, the analyst consensus on Alexandria Equities is a Strong Buy with an average price target of $177.50, which is a 12.94% upside from current levels. In a report released yesterday, Bank of America Securities also maintained a Buy rating on the stock with a $177.00 price target.

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Based on Alexandria Equities’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $659.85 million and a net profit of $344.7 million. In comparison, last year the company earned a revenue of $547.76 million and had a net profit of $103.15 million

Based on the recent corporate insider activity of 177 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ARE in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Alexandria Real Estate Equities, Inc. is an urban office real estate investment trust, which engages in the ownership, operation, development, and redevelopment of life science and technology properties. It also provides a space for lease to the life science and technology industries which are primarily located in AAA urban innovation cluster locations.

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