Shares of Alexandria Real Estate Equities Inc. (NYSE:ARE) traded at a new 52-week high today of $200.21. Approximately 350,000 shares have changed hands today, as compared to an average 30-day volume of 1 million shares.
Alexandria Real Estate Equities Inc. share prices have moved between a 52-week high of $200.21 and a 52-week low of $150.08 and are now trading 33% above that low price at $199.61 per share.
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.
Alexandria Real Estate Equities Inc. (NYSE:ARE) is currently priced 0.1% above its average consensus analyst price target of $199.47.
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