Alexandria Real Estate Equities, Inc. Announces Public Offering Of 6,500,000 Shares Of Common Stock

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Mizuho Securities Raises Price Target on Alexandria Real Estate (ARE) to $113; Reiterates Buy

July 8, 2016 11:15 AM EDT

Mizuho Securities reiterated a Buy rating on Alexandria Real Estate (NYSE: ARE), and raised the price target to $113.00 (from $110.00), as the company continues to target its long-term debt/EBITDA goal of sub 6x. Management is inclined to stick with the plan to tap... More

Alexandria Real Estate's (ARE) 6.5M Common Stock Offering Prices at $101/Share

July 7, 2016 8:46 AM EDT

Alexandria Real Estate Equities, Inc. (NYSE: ARE) announced today the pricing of its public offering of 6,500,000 shares of common stock at a price of $101.00 per share in connection with the forward sale agreements described below. The Company also granted the underwriters a thirty-day option to purchase up to 975,000 additional shares. The offering is expected to close on or about July 12, 2016, subject to customary closing conditions.

BofA Merrill Lynch, Citigroup, and J.P. Morgan are the joint book-running managers for the offering. BBVA, TD Securities, Baird, BB&T Capital Markets, BNP PARIBAS, Barclays, Capital One... More