Alexandria Real Estate Equities (ARE) : Traders are bullish on Alexandria Real Estate Equities (ARE) as it has outperformed the S&P 500 by a wide margin of 7.36% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.88%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.93% in the last 1 week, and is up 8.47% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.72% and the 50-Day Moving Average is 8.55%. Alexandria Real Estate Equities (NYSE:ARE): stock turned positive on Friday. Though the stock opened at $110.8, the bulls momentum made the stock top out at $112.55 level for the day. The stock recorded a low of $110.74 and closed the trading day at $112.45, in the green by 1.56%. The total traded volume for the day was 1,353,660. The stock had closed at $110.72 in the previous days trading.
The company Insiders own 1.6% of Alexandria Real Estate Equities shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -7.26% . Institutional Investors own 96.05% of Alexandria Real Estate Equities shares. During last six month period, the net percent change held by insiders has seen a change of 5.68%. Also, Major Brokerage house, Barclays maintains its ratings on Alexandria Real Estate Equities (NYSE:ARE). In the latest research report, Barclays raises the target price from $105 per share to $113 per share. According to the latest information available, the shares are now rated Overweight by the analysts at the agency. The rating by the firm was issued on July 19, 2016.
Alexandria Real Estate Equities, Inc. is a self-administered and self-managed real estate investment (REIT). The Company is engaged in the business of providing office/laboratory and tech office space for lease to the science and technology industries. The Company has five properties in Canada, as well as eight operating properties, one development project, and several land parcels in Asia. As of December 31, 2014, the Company had 193 properties containing approximately 18.7 million rentable square feet (RSF) of office/laboratory and tech office space. As of December 31, 2014, the Company had 562 leases with a total of 441 client tenants and 87 of its 193 properties were single-tenant properties. The Companys portfolio includes Alexandria Center at Kendall Square; Alexandria Park at 128; Alexandria Technology Center-Gateway; Alexandria Center for Life Science; ARE Nautilus; ARE Towne Centre; ARE Portola, and Alexandria Technology Center-Gaithersburg I, among others.