Alexandria Real Estate Equities Inc. (NYSE:ARE) traded today at a new 52-week high of $213.25. So far today approximately 185,000 shares have been exchanged, as compared to an average 30-day volume of 613,000 shares.
Alexandria Real Estate Equities Inc. share prices have moved between a 52-week high of $213.25 and a 52-week low of $154.37 and are now trading 37% above that low price at $211.35 per share.
Based on a current price of $211.35, Alexandria Real Estate Equities Inc. is currently 10.4% above its average consensus analyst price target of $189.28.
Alexandria Real Estate Equities Inc is a real estate investment trust primarily engaged in the acquisition, development, and leasing of urban offices on science and technology campuses throughout the United States. The company redevelops offices, warehouses, and shell space for its tenants in areas close to high concentrations of specialized research institutions and businesses. The majority of Alexandria’s real estate portfolio is split between the Greater Boston and San Francisco areas. The company derives nearly all of its income in the form of revenue from its tenant companies. Alexandria’s largest customers in terms of revenue are public biotechnology, multinational pharmaceutical, life science product, and academic and medical research entities.
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