Revenue Update on Alexandria Real Estate Equities Inc(NYSE:ARE)

Alexandria Real Estate Equities Inc(NYSE:ARE) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 1, 2016. Company reported revenue of $226.08M. Analysts estimated a revenue of $215.29M. Earnings per share were $1.36. Analysts had estimated an EPS of $1.36.

In a different note, On Jul 19, 2016, Barclays said it Maintains its rating on Alexandria Real Estate Equities Inc. In the research note, the firm Raises the price-target to $105.00 per share. The shares have been rated ‘Overweight’ by the firm. On Jul 7, 2016, Citigroup said it Maintains its rating on Alexandria Real Estate Equities Inc. In the research note, the firm Raises the price-target to $92.00 per share. The shares have been rated ‘Neutral’ by the firm.

Alexandria Real Estate Equities Inc (ARE) made into the market gainers list on Mondays trading session with the shares advancing 0.66% or 0.73 points. Due to strong positive momentum, the stock ended at $112.14, which is also near the day’s high of $112.99. The stock began the session at $111.3 and the volume stood at 5,55,682 shares. The 52-week high of the shares is $113.06 and the 52 week low is $70.69. The company has a current market capitalization of $8,744 M and it has 7,79,73,571 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 9, 2016, Peter M Moglia (Chief Investment Officer) sold 4,000 shares at $96.90 per share price.Also, On May 31, 2016, Thomas J Andrews (EVP – Regional Market Director) sold 4,600 shares at $96.88 per share price.On May 23, 2016, James H Richardson (director) sold 2,500 shares at $92.98 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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.

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