NEW YORK ( TheStreet) -- Alexandria Real Estate Equities (NYSE: ARE) hit a new 52-week high Wednesday as it traded at $79.90 compared with its previous 52-Week high of $79.60. Alexandria Real Estate Equities is changing hands at $79.89 with 7,065 shares traded as of 10:10 a.m. ET. Average volume has been 420,500 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 7.7% year to date as of the close of trading on Tuesday.

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 36.3, above the average real estate industry P/E ratio of 36.1 and above the S&P 500 P/E ratio of 23.4.

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 solid stock price performance. 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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