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 analyst gave a price target of 140, which equates to a potential upside of 15.88 percent. The lowest price target was 111, which equates to a potential downside of -8.12 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average 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. Meanwhile, fiscal year estimates have been revised downwards by -0.17 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 2.73 percent.
Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 0 analysts increased their quarterly estimates, which can be compared to the 2 analysts that decreased their estimates. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 2 analysts made negative revisions to their fiscal year's estimates.
ARE has traded between a high of 123.18 and a low of 101.51 over the past year. The current market price is above the trailing year's low by 19.01 percent, and 1.92 percent lower than its 52-week high. ARE has a P/E 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 market cap of ARE is $10.94 billion. ARE's next earnings release will be on 0000-00-00, which is days away.