Alexandria Real Estate Equities, Inc. with ticker code (ARE) now have 12 confirmed analysts covering the stock with the consensus suggesting a rating of ‘buy’. The range between the high target price and low target price is between $186.00 and $108.00 calculating the average target price we see $132.92. Given that the stocks previous close was at $109.01 this would indicate that there is a potential upside of 21.9%. It’s also worth noting that there is a 50 day moving average of $99.59 and the 200 day moving average is $116.74. The market capitalization for the company is 19.01B. The stock price for the company is currently is currently $109.40 USD
The potential market cap would be $23,180,811,458 based on the market consensus.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 79.28, revenue per share of $16.52 and a 1.23% return on assets.
Alexandria Real Estate Equities, Inc. is a real estate investment trust (REIT). The Company owns, operates, develops and is focused on collaborative life science, agtech, and technology campuses in various cluster locations. It develops urban cluster campuses and ecosystems. Its properties are primarily located in various locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle. It has approximately 432 properties in North America containing approximately 47.4 million rentable square feet (RSF) of operating properties and development and redevelopment of new Class A properties (under construction), including 64 properties that are held by consolidated real estate joint ventures and four properties that are held by unconsolidated real estate joint ventures. Its properties include 601, 611, and 651 Gateway Boulevard; Alexandria Center for Life Science-Durham; 275 Grove Street; SD Tech by Alexandria, and Other.
