Alexandria Real Estate Equities, Inc. (NYSE:ARE) Receives Average Rating of “Hold” from Brokerages

Alexandria Real Estate Equities, Inc. (NYSE:ARE) has earned an average recommendation of “Hold” from the eleven analysts that are currently covering the stock, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $131.10.

A number of brokerages have commented on ARE. Wedbush cut their price objective on shares of Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Citigroup cut shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and cut their target price for the stock from $130.00 to $125.00 in a research report on Friday, September 13th. JMP Securities reaffirmed a “market outperform” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a research note on Tuesday, July 23rd. Evercore ISI decreased their target price on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 23rd. Finally, 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 report on Monday, July 29th.

Alexandria Real Estate Equities Stock Performance

Shares of ARE opened at $114.04 on Tuesday. The stock has a 50 day moving average price of $118.04 and a 200 day moving average price of $118.16. Alexandria Real Estate Equities has a 52-week low of $93.17 and a 52-week high of $135.45. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $19.93 billion, a price-to-earnings ratio of 69.54, a price-to-earnings-growth ratio of 4.23 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE) last announced 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). The business had revenue of $791.60 million for the quarter, compared to analysts’ expectations of $766.97 million. Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. The business’s revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the business posted $2.26 earnings per share. Research analysts predict that Alexandria Real Estate Equities will post 9.48 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 4.56%. The ex-dividend date was Monday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 317.07%.

Hedge Funds Weigh In On Alexandria Real Estate Equities

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Alexandria Real Estate Equities by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 26,784,689 shares of the real estate investment trust’s stock worth $3,452,814,000 after buying an additional 156,643 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of Alexandria Real Estate Equities by 0.9% in the second quarter. Canada Pension Plan Investment Board now owns 4,073,312 shares of the real estate investment trust’s stock valued at $476,455,000 after acquiring an additional 35,216 shares in the last quarter. M&G Plc increased its stake in shares of Alexandria Real Estate Equities by 4.9% during the second quarter. M&G Plc now owns 1,659,092 shares of the real estate investment trust’s stock valued at $194,114,000 after acquiring an additional 77,686 shares during the period. Pathway Financial Advisers LLC raised its holdings in Alexandria Real Estate Equities by 11,449.8% during the third quarter. Pathway Financial Advisers LLC now owns 1,423,630 shares of the real estate investment trust’s stock worth $169,056,000 after purchasing an additional 1,411,304 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its position in shares of Alexandria Real Estate Equities by 1.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,050,991 shares of the real estate investment trust’s stock valued at $122,934,000 after purchasing an additional 10,576 shares during the period. 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.