Market Runner: What’s Ahead for Alexandria Real Estate Equities Inc After Today’s Gap Down?

Market Runner: What's Ahead for Alexandria Real Estate Equities Inc After Today's Gap Down?

The stock of Alexandria Real Estate Equities Inc (NYSE:ARE) gapped down by $0.1 today and has $99.93 target or 6.00% below today’s $106.31 share price. The 7 months technical chart setup indicates high risk for the $8.32 billion company. The gap down was reported on Oct, 4 by Barchart.com. If the $99.93 price target is reached, the company will be worth $499.20M less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. The stock decreased 2.41% or $2.62 on October 3, hitting $106.31. Alexandria Real Estate Equities Inc (NYSE:ARE) has risen 30.78% since March 1, 2016 and is uptrending. It has outperformed by 18.56% the S&P500.

Analysts await Alexandria Real Estate Equities Inc (NYSE:ARE) to report earnings on November, 7. They expect $1.37 EPS, up 3.01% or $0.04 from last year’s $1.33 per share. ARE’s profit will be $107.22M for 19.40 P/E if the $1.37 EPS becomes a reality. After $1.36 actual EPS reported by Alexandria Real Estate Equities Inc for the previous quarter, Wall Street now forecasts 0.74% EPS growth.

Alexandria Real Estate Equities Inc (NYSE:ARE) Ratings Coverage

Out of 5 analysts covering Alexandria Real Estate Equities Inc. (NYSE:ARE), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Alexandria Real Estate Equities Inc. has been the topic of 12 analyst reports since August 24, 2015 according to StockzIntelligence Inc. Barclays Capital maintained Alexandria Real Estate Equities Inc (NYSE:ARE) rating on Tuesday, July 19. Barclays Capital has “Overweight” rating and $113 price target. JP Morgan upgraded it to “Overweight” rating and $106 target price in Tuesday, October 13 report. As per Tuesday, September 8, the company rating was maintained by Evercore. The stock of Alexandria Real Estate Equities Inc (NYSE:ARE) earned “Buy” rating by Zacks on Thursday, August 20. Mizuho maintained it with “Buy” rating and $104 target price in Monday, October 19 report. The firm has “Buy” rating given on Thursday, August 25 by BTIG Research. Mizuho maintained Alexandria Real Estate Equities Inc (NYSE:ARE) rating on Friday, July 8. Mizuho has “Buy” rating and $113 price target. The firm has “Overweight” rating given on Tuesday, August 16 by JP Morgan.

According to Zacks Investment Research, “Alexandria Real Estate Equities, Inc., Landlord and Developer of Choice to the Life Science Industry, is a publicly-traded real estate investment trust focused principally on the ownership, operation, management, selective redevelopment, development and acquisition of life science properties. Our properties are designed and improved for lease primarily to institutional, pharmaceutical, biotechnology, medical device, life science product, service, biodefense and translational medicine entities, as well as governmental agencies.”

Insitutional Activity: The institutional sentiment increased to 1.5 in Q2 2016. Its up 0.35, from 1.15 in 2016Q1. The ratio improved, as 15 funds sold all Alexandria Real Estate Equities Inc shares owned while 88 reduced positions. 37 funds bought stakes while 118 increased positions. They now own 77.51 million shares or 9.12% more from 71.03 million shares in 2016Q1.
Ncm Capital Advisers, a North Carolina-based fund reported 113 shares. Delta Lloyd Nv, a Netherlands-based fund reported 124,417 shares. Dimensional Fund Advsr Lp accumulated 0.06% or 946,176 shares. Blackrock Group Limited accumulated 740,505 shares or 0.04% of the stock. Assets Investment Mgmt Ltd Liability Corp last reported 12,000 shares in the company. Cohen Steers holds 1.72% or 6.39M shares in its portfolio. Heitman Real Est Secs Limited Liability Corporation last reported 0.21% of its portfolio in the stock. The Minnesota-based Gradient Ltd has invested 0.5% in Alexandria Real Estate Equities Inc (NYSE:ARE). Moreover, Capstone Asset has 0.02% invested in Alexandria Real Estate Equities Inc (NYSE:ARE) for 7,042 shares. California State Teachers Retirement System last reported 0.04% of its portfolio in the stock. The Connecticut-based Tudor Inv Corp Et Al has invested 0% in Alexandria Real Estate Equities Inc (NYSE:ARE). 1St Advsrs Incorporated has invested 0.06% of its portfolio in Alexandria Real Estate Equities Inc (NYSE:ARE). Bank & Trust Of Montreal Can has invested 0.01% of its portfolio in Alexandria Real Estate Equities Inc (NYSE:ARE). Amica Pension Fund Board Of Trustees holds 5,103 shares or 0.07% of its portfolio. Veritable Ltd Partnership has 6,516 shares for 0.02% of their US portfolio.

Insider Transactions: Since May 5, 2016, the stock had 0 insider purchases, and 15 insider sales for $10.86 million net activity. $476,550 worth of shares were sold by Ryan Daniel J on Thursday, May 5. Shares for $387,600 were sold by Moglia Peter M. Shares for $240,875 were sold by RICHARDSON JAMES H. Andrews Thomas J sold $491,350 worth of stock. $2.38M worth of Alexandria Real Estate Equities Inc (NYSE:ARE) shares were sold by MARCUS JOEL S. 10,000 Alexandria Real Estate Equities Inc (NYSE:ARE) shares with value of $1.12 million were sold by Richardson Stephen.

More notable recent Alexandria Real Estate Equities Inc (NYSE:ARE) news were published by: Prnewswire.com which released: “Alexandria Real Estate Equities, Inc. to Hold Its Third Quarter 2016 Operating …” on September 07, 2016, also Prnewswire.com with their article: “Alexandria Real Estate Equities, Inc. to Hold Its Second Quarter 2016 …” published on June 28, 2016, Prnewswire.com published: “Alexandria Real Estate Equities, Inc. Announces Key Second Quarter 2016 …” on June 07, 2016. More interesting news about Alexandria Real Estate Equities Inc (NYSE:ARE) were released by: Prnewswire.com and their article: “Alexandria Real Estate Equities, Inc. Announces Pricing Of Public Offering Of …” published on June 01, 2016 as well as Huffingtonpost.com‘s news article titled: “Alexandria Real Estate Equities: More Than Just a Landlord” with publication date: January 25, 2016.

ARE Company Profile

Alexandria Real Estate Equities, Inc., incorporated on October 27, 1994, is a real estate investment (REIT). The Firm is engaged in the business of providing office/laboratory and technology office space for lease to the science and technology industries. The Firm is focused on collaborative science and technology campuses. It develops urban cluster campuses and ecosystems. It has approximately 200 properties and its asset base consists of approximately 30 million square feet, including over 20.1 million rentable square feet/foot (RSF) of operating properties and development and redevelopment projects under construction or pre-construction, as well as approximately 11.9 million square feet of future ground-up development projects. These operating properties and development projects include approximately 10 properties under real estate joint venture arrangements, of which approximately eight properties are held by consolidated real estate joint ventures and over three properties are held by unconsolidated real estate joint ventures.

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