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Evercore ISI Remains a Buy on Alexandria Equities (ARE)

Evercore ISI analyst Sheila McGrath maintained a Buy rating on Alexandria Equities (AREResearch Report) on July 25 and set a price target of $185.00. The company’s shares closed last Tuesday at $156.49.

According to TipRanks.com, McGrath is a 3-star analyst with an average return of 1.3% and a 47.6% success rate. McGrath covers the Financial sector, focusing on stocks such as Essential Properties Realty, Four Corners Property, and Community Healthcare.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alexandria Equities with a $195.00 average price target, which is a 28.8% upside from current levels. In a report released yesterday, Mizuho Securities also reiterated a Buy rating on the stock with a $172.00 price target.

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Alexandria Equities’ market cap is currently $24.53B and has a P/E ratio of 53.93.

Based on the recent corporate insider activity of 128 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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