Alexandria Real Estate Equities (NYSE:ARE) Price Target Raised to $127.00

Alexandria Real Estate Equities (NYSE:ARE) had its target price boosted by Evercore ISI from $126.00 to $127.00 in a research report released on Wednesday morning, Benzinga reports. Evercore ISI currently has an in-line rating on the real estate investment trust’s stock.

ARE has been the topic of several other research reports. Wedbush lowered shares of Alexandria Real Estate Equities from an outperform rating to a neutral rating and reduced their price target for the company from $140.00 to $130.00 in a research report on Wednesday, July 24th. Jefferies Financial Group downgraded shares of Alexandria Real Estate Equities from a buy rating to a hold rating and decreased their price target for the stock from $136.00 to $127.00 in a research note on Friday, August 2nd. Royal Bank of Canada lowered their price objective on Alexandria Real Estate Equities from $135.00 to $130.00 and set an outperform rating for the company in a research report on Monday, August 5th. JMP Securities restated a market outperform rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a report on Tuesday, July 23rd. Finally, Bank of America lowered Alexandria Real Estate Equities from a buy rating to a neutral rating and dropped their price objective for the stock from $151.00 to $126.00 in a report on Monday, July 29th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of $131.33.

Alexandria Real Estate Equities Trading Up 1.5 %

Alexandria Real Estate Equities stock opened at $119.57 on Wednesday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.55. Alexandria Real Estate Equities has a 52 week low of $90.73 and a 52 week high of $135.45. The stock has a 50-day moving average price of $118.05 and a 200 day moving average price of $119.82. The company has a market capitalization of $20.91 billion, a price-to-earnings ratio of 111.75, a price-to-earnings-growth ratio of 4.00 and a beta of 1.15.

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

Alexandria Real Estate Equities Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a dividend of $1.30 per share. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. This represents a $5.20 annualized dividend and a dividend yield of 4.35%. The ex-dividend date of this dividend was Friday, June 28th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 485.98%.

Insiders Place Their Bets

In other news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of the stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $4.21, for a total transaction of $631,500.00. Following the transaction, the insider now directly owns 6,005,077 shares in the company, valued at approximately $25,281,374.17. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.15% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its holdings in Alexandria Real Estate Equities by 275.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 233 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 171 shares in the last quarter. Mather Group LLC. acquired a new stake in shares of Alexandria Real Estate Equities in the first quarter valued at about $30,000. UMB Bank n.a. raised its holdings 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 valued at $32,000 after buying an additional 154 shares during the period. Rothschild Investment LLC purchased a new stake in shares of Alexandria Real Estate Equities during the 2nd quarter valued at about $33,000. Finally, Benjamin F. Edwards & Company Inc. acquired a new position in Alexandria Real Estate Equities during the 4th quarter worth approximately $35,000. Hedge funds and other institutional investors 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.