NEW YORK (

TheStreet

) --

Alexandria Real Estate Equities

(NYSE:

ARE

) hit a new 52-week high Thursday as it is currently trading at $81.39, above its previous 52-week high of $80.72 with 14,447 shares traded as of 10:11 a.m. ET. Average volume has been 302,700 shares over the past 30 days.

Alexandria Real Estate Equities has a market cap of $4.4 billion and is part of the

financial

sector and

real estate

industry. Shares are up 10.1% year to date as of the close of trading on Wednesday.

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Alexandria Real Estate Equities, Inc., a real estate investment trust (REIT), engages in the ownership, operation, management, development, acquisition, and redevelopment of properties for the life sciences industry. The company has a P/E ratio of 36.6, above the average real estate industry P/E ratio of 36.4 and above the S&P 500 P/E ratio of 16.9.

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TheStreet Ratings rates Alexandria Real Estate Equities as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full

Alexandria Real Estate Equities Ratings Report

.

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