Analyst Ratings for Alexandria Real Estate Equities Inc. (ARE)Updated: 2017-07-26
Shares of Alexandria Real Estate Equities Inc. (NYSE:ARE) have received a consensus rating of Overweight from Wall Street analysts. About 30 days ago, ARE was issued an average rating of Overweight.
Of the 13 analysts covering the stock, 8 gave it a buy rating, 0 issued an overweight rating, 5 gave a hold rating, 0 issued an underweight rating, and 0 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 0. During this time, the number of analysts bearish on the stock has increased by 0.
A number of analysts gave price targets for ARE. The most optimistic price target was 140, implying a possible profit of 15.88 percent. The most pessimistic analyst gave a price target of 111, which equates to a potential downside of -8.12 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. That number becomes 12.45 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised downwards by -0.17 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 2.73 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, while 2 analysts made negative revisions. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 2 analysts decreased their estimates.
ARE has a 52-week high of 123.18 and a 52-week low of 101.51. Today's price is 19.01 percent above the 52-week low, and 1.92 percent lower than its 52-week high. ARE has a price/earnings ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The ARE value stock report compares ARE to some of its peers using value stock charts. The stock has a market capitalization of $10.94 billion. ARE's next earnings release will be on 0000-00-00, which is days away.