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

Alexandria Real Estate Equities, Inc. (NYSE:ARE) has been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $136.75.

ARE has been the subject of a number of research reports. Wedbush reiterated an “outperform” rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 24th. Evercore ISI cut their target price on shares of Alexandria Real Estate Equities from $137.00 to $132.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. Finally, StockNews.com upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st.

Insider Transactions at Alexandria Real Estate Equities

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 value of $631,500.00. Following the sale, the insider now directly owns 6,005,077 shares of the company’s stock, valued at $25,281,374.17. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.15% of the company’s stock.

Institutional Investors Weigh In On Alexandria Real Estate Equities

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Mutual of America Capital Management LLC raised its stake in shares of Alexandria Real Estate Equities by 24.7% during the fourth quarter. Mutual of America Capital Management LLC now owns 43,196 shares of the real estate investment trust’s stock worth $5,476,000 after acquiring an additional 8,555 shares in the last quarter. Hsbc Holdings PLC raised its stake in shares of Alexandria Real Estate Equities by 18.3% during the fourth quarter. Hsbc Holdings PLC now owns 545,069 shares of the real estate investment trust’s stock worth $69,245,000 after acquiring an additional 84,479 shares in the last quarter. Whittier Trust Co. raised its stake in shares of Alexandria Real Estate Equities by 36.0% during the fourth quarter. Whittier Trust Co. now owns 75,337 shares of the real estate investment trust’s stock worth $9,550,000 after acquiring an additional 19,931 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Alexandria Real Estate Equities by 19.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 161,070 shares of the real estate investment trust’s stock worth $20,419,000 after purchasing an additional 25,955 shares during the last quarter. Finally, Bluefin Capital Management LLC bought a new position in shares of Alexandria Real Estate Equities in the fourth quarter worth approximately $838,000. 96.54% of the stock is owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Price Performance

ARE opened at $117.10 on Wednesday. The firm has a market cap of $20.48 billion, a P/E ratio of 109.44, a PEG ratio of 2.93 and a beta of 1.15. The firm has a 50-day moving average of $118.21 and a 200 day moving average of $121.77. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.30 and a current ratio of 0.30. Alexandria Real Estate Equities has a fifty-two week low of $90.73 and a fifty-two week high of $135.45.

Alexandria Real Estate Equities Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.44%. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. The ex-dividend date of this dividend is Friday, June 28th. Alexandria Real Estate Equities’s dividend payout ratio is presently 485.99%.

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.