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

Alexandria Real Estate Equities, Inc. (NYSE:ARE) has received an average rating of “Hold” from the eleven analysts that are currently covering the company, MarketBeat.com reports. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $121.90.

A number of equities research analysts have issued reports on ARE shares. JPMorgan Chase & Co. downgraded shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $133.00 to $121.00 in a research note on Wednesday, November 27th. JMP Securities decreased their price objective on shares of Alexandria Real Estate Equities from $140.00 to $130.00 and set a “market outperform” rating on the stock in a research note on Friday, November 15th. Royal Bank of Canada lowered their price objective on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating for the company in a research report on Tuesday, December 17th. Evercore ISI reduced their target price on Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating on the stock in a report on Wednesday, October 23rd. Finally, Robert W. Baird lowered their price target on Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating for the company in a report on Friday, November 8th.

Hedge Funds Weigh In On Alexandria Real Estate Equities

A number of hedge funds have recently modified their holdings of the business. American Century Companies Inc. raised its holdings in Alexandria Real Estate Equities by 14.3% during the 2nd quarter. American Century Companies Inc. now owns 57,773 shares of the real estate investment trust’s stock worth $6,758,000 after purchasing an additional 7,246 shares during the last quarter. Renaissance Technologies LLC bought a new position in Alexandria Real Estate Equities during the second quarter worth $12,738,000. Edgestream Partners L.P. acquired a new stake in Alexandria Real Estate Equities in the second quarter worth $1,475,000. Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of Alexandria Real Estate Equities by 7.1% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,210 shares of the real estate investment trust’s stock valued at $492,000 after purchasing an additional 280 shares during the period. Finally, XTX Topco Ltd bought a new position in shares of Alexandria Real Estate Equities during the 2nd quarter worth about $585,000. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Up 1.8 %

NYSE ARE opened at $101.87 on Friday. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.56. The company has a market cap of $17.80 billion, a price-to-earnings ratio of 62.11, a PEG ratio of 3.64 and a beta of 1.16. The company has a 50 day moving average of $102.84 and a 200-day moving average of $112.80. Alexandria Real Estate Equities has a 1-year low of $94.35 and a 1-year high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share for the quarter, missing the consensus estimate of $2.38 by ($1.42). The company had revenue of $791.60 million during the quarter, compared to analyst estimates of $766.97 million. Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. Alexandria Real Estate Equities’s revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.26 earnings per share. On average, equities research analysts expect that Alexandria Real Estate Equities will post 9.47 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a dividend yield of 5.18%. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. The ex-dividend date was Tuesday, December 31st. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 321.95%.

Alexandria Real Estate Equities declared that its Board of Directors has initiated a stock buyback plan on Monday, December 9th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the real estate investment trust to purchase up to 2.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

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.