Alexandria Real Estate Equities, Inc. (NYSE:ARE) Given Consensus Rating of “Hold” by Analysts

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) have earned an average rating of “Hold” from the ten analysts that are currently covering the stock, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $131.22.

A number of brokerages have recently commented on ARE. Bank of America cut Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and lowered their price target for the company from $151.00 to $126.00 in a research note on Monday, July 29th. Evercore ISI lowered their price target on Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating for the company in a research note on Wednesday, October 23rd. BMO Capital Markets raised Alexandria Real Estate Equities to a “hold” rating in a research note on Wednesday, September 25th. Jefferies Financial Group cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and lowered their price target for the company from $136.00 to $127.00 in a research note on Friday, August 2nd. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a research note on Tuesday, July 23rd.

Alexandria Real Estate Equities Stock Performance

Alexandria Real Estate Equities stock opened at $112.99 on Tuesday. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.56. Alexandria Real Estate Equities has a 1 year low of $93.17 and a 1 year high of $135.45. The company has a market cap of $19.75 billion, a PE ratio of 68.90, a PEG ratio of 4.17 and a beta of 1.16. The company’s 50-day moving average is $118.49 and its two-hundred day moving average is $118.28.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.38 by ($1.42). Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The business had revenue of $791.60 million for the quarter, compared to analyst estimates of $766.97 million. During the same quarter in the previous year, the company posted $2.26 earnings per share. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. Equities analysts anticipate that Alexandria Real Estate Equities will post 9.48 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $1.30 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.20 annualized dividend and a dividend yield of 4.60%. Alexandria Real Estate Equities’s dividend payout ratio is currently 317.07%.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Hedge funds have recently made changes to their positions in the business. Catalyst Capital Advisors LLC bought a new position in shares of Alexandria Real Estate Equities during the 3rd quarter worth approximately $25,000. Ashton Thomas Securities LLC bought a new position in shares of Alexandria Real Estate Equities during the 3rd quarter worth approximately $30,000. UMB Bank n.a. grew its stake in shares of Alexandria Real Estate Equities by 132.8% during the 2nd quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 154 shares in the last quarter. Rothschild Investment LLC bought a new position in shares of Alexandria Real Estate Equities during the 2nd quarter worth approximately $33,000. Finally, Venturi Wealth Management LLC grew its stake in shares of Alexandria Real Estate Equities by 144.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 180 shares in the last quarter. 96.54% of the stock is owned by institutional investors.

Alexandria Real Estate Equities Company Profile

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.