Alexandria Real Estate Equities logged a -0.5% change during today's afternoon session, and is now trading at a price of $102.41 per share. The S&P 500 index moved 1.0%. ARE's trading volume is 811,016 compared to the stock's average volume of 945,073.
Alexandria Real Estate Equities trades -33.89% away from its average analyst target price of $154.89 per share. The 9 analysts following the stock have set target prices ranging from $137.0 to $186.0, and on average have given Alexandria Real Estate Equities a rating of buy.
Anyone interested in buying ARE should be aware of the facts below:
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Alexandria Real Estate Equities's current price is 0.6% above its Graham number of $101.76, which implies that at its current valuation it does not offer a margin of safety
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Alexandria Real Estate Equities has moved -27.0% over the last year, and the S&P 500 logged a change of 19.0%
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Based on its trailing earnings per share of 3.39, Alexandria Real Estate Equities has a trailing 12 month Price to Earnings (P/E) ratio of 30.2 while the S&P 500 average is 15.97
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ARE has a forward P/E ratio of 26.9 based on its forward 12 month price to earnings (EPS) of $3.81 per share
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The company has a price to earnings growth (PEG) ratio of -3.84 — a number near or below 1 signifying that Alexandria Real Estate Equities is fairly valued compared to its estimated growth potential
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Its Price to Book (P/B) ratio is 0.94 compared to its sector average of 2.24
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Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&P 500 company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world.
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Based in Pasadena, the company has 593 full time employees and a market cap of $17.72 Billion. Alexandria Real Estate Equities currently returns an annual dividend yield of 4.7%.