Alexandria Real Estate Equities logged a -2.1% change during today's evening session, and is now trading at a price of $116.94 per share. The S&P 500 index moved 0.0%. ARE's trading volume is 1,525,022 compared to the stock's average volume of 1,303,030.
Alexandria Real Estate Equities trades -11.36% away from its average analyst target price of $131.92 per share. The 12 analysts following the stock have set target prices ranging from $108.0 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 109.1% above its Graham number of $55.92, 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 -21.8% over the last year, and the S&P 500 logged a change of 15.0%
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Based on its trailing earnings per share of 1.39, Alexandria Real Estate Equities has a trailing 12 month Price to Earnings (P/E) ratio of 84.1 while the S&P 500 average is 15.97
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ARE has a forward P/E ratio of 31.8 based on its forward 12 month price to earnings (EPS) of $3.68 per share
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The company has a price to earnings growth (PEG) ratio of -6.65 — 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 1.09 compared to its sector average of 2.1
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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 $20.32 Billion. Alexandria Real Estate Equities currently returns an annual dividend yield of 4.1%.