Alexandria Real Estate Equities, Inc. (NYSE:ARE) Given Average Recommendation of “Moderate Buy” by Brokerages

Alexandria Real Estate Equities, Inc. (NYSE:ARE) has been given an average rating of “Moderate Buy” by the eight research firms that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $132.11.

Several brokerages have recently commented on ARE. Jefferies Financial Group cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and decreased their target price for the stock from $136.00 to $127.00 in a report on Friday. Evercore ISI cut Alexandria Real Estate Equities from an “outperform” rating to an “inline” rating and decreased their target price for the stock from $133.00 to $126.00 in a report on Thursday, July 25th. Bank of America cut Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $151.00 to $126.00 in a report on Monday, July 29th. JMP Securities restated a “market outperform” rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a report on Tuesday, July 23rd. Finally, Wedbush lowered Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and cut their price target for the company from $140.00 to $130.00 in a research note on Wednesday, July 24th.

Alexandria Real Estate Equities Stock Performance

Shares of NYSE:ARE opened at $113.36 on Friday. The business’s fifty day moving average price is $118.13 and its two-hundred day moving average price is $120.53. Alexandria Real Estate Equities has a fifty-two week low of $90.73 and a fifty-two week high of $135.45. The stock has a market capitalization of $19.83 billion, a price-to-earnings ratio of 105.94, a price-to-earnings-growth ratio of 4.00 and a beta of 1.15. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.23 and a quick ratio of 0.23.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $2.34 by ($2.09). The company had revenue of $766.70 million during the quarter, compared to the consensus estimate of $775.03 million. Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. The business’s revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the company earned $2.24 earnings per share. As a group, analysts predict that Alexandria Real Estate Equities will post 9.48 EPS for the current fiscal year.

Alexandria Real Estate Equities Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a $1.30 dividend. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. The ex-dividend date was Friday, June 28th. This represents a $5.20 annualized dividend and a yield of 4.59%. Alexandria Real Estate Equities’s dividend payout ratio is presently 485.99%.

Insider Buying and Selling at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of the stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $4.21, for a total value of $631,500.00. Following the transaction, the insider now owns 6,005,077 shares of the company’s stock, valued at $25,281,374.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.15% of the company’s stock.

Institutional Investors Weigh In On Alexandria Real Estate Equities

Hedge funds have recently modified their holdings of the business. Oakworth Capital Inc. acquired a new stake in shares of Alexandria Real Estate Equities during the fourth quarter worth about $25,000. Capital Advisors Ltd. LLC acquired a new stake in shares of Alexandria Real Estate Equities during the fourth quarter worth about $25,000. HHM Wealth Advisors LLC raised its position in shares of Alexandria Real Estate Equities by 340.9% during the fourth quarter. HHM Wealth Advisors LLC now owns 194 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 150 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Alexandria Real Estate Equities by 275.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 233 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 171 shares during the period. Finally, Mather Group LLC. acquired a new stake in shares of Alexandria Real Estate Equities during the first quarter worth about $30,000. Institutional investors and hedge funds own 96.54% of the company’s stock.

About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc (NYSE: ARE), an S&P 500 company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. As the pioneer of the life science real estate niche since our founding in 1994, Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative life science, agtech, and advanced technology mega campuses in AAA innovation cluster locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.