Alexandria Real Estate Equities (NYSE:ARE) Coverage Initiated by Analysts at Jefferies Financial Group

Jefferies Financial Group assumed coverage on shares of Alexandria Real Estate Equities (NYSE:ARE) in a research note issued to investors on Monday, MarketBeat.com reports. The firm issued a hold rating and a $100.00 target price on the real estate investment trust’s stock.

A number of other analysts also recently issued reports on ARE. JMP Securities reaffirmed a “market outperform” rating and set a $130.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Royal Bank of Canada decreased their price target on Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating for the company in a report on Tuesday, December 17th. JPMorgan Chase & Co. downgraded Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $133.00 to $121.00 in a report on Wednesday, November 27th. StockNews.com raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Friday, February 28th. Finally, Wedbush reaffirmed a “neutral” rating and set a $104.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $118.60.

Alexandria Real Estate Equities Trading Up 0.4 %

NYSE:ARE opened at $99.52 on Monday. The firm has a market cap of $17.23 billion, a PE ratio of 55.29, a price-to-earnings-growth ratio of 3.93 and a beta of 1.17. The stock has a fifty day moving average price of $98.27 and a 200 day moving average price of $107.00. Alexandria Real Estate Equities has a 12-month low of $93.25 and a 12-month high of $130.14. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.55.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $1.48. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. Sell-side analysts anticipate that Alexandria Real Estate Equities will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities announced that its board has authorized a stock buyback plan on Monday, December 9th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the real estate investment trust to repurchase up to 2.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Alexandria Real Estate Equities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 5.31%. The ex-dividend date of this dividend is Monday, March 31st. Alexandria Real Estate Equities’s payout ratio is currently 293.33%.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Institutional investors have recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC acquired a new position in Alexandria Real Estate Equities in the 4th quarter valued at about $29,000. EverSource Wealth Advisors LLC increased its position in Alexandria Real Estate Equities by 57.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 109 shares during the period. Colonial Trust Co SC increased its position in Alexandria Real Estate Equities by 514.3% in the 4th quarter. Colonial Trust Co SC now owns 301 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 252 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Alexandria Real Estate Equities in the 3rd quarter valued at about $43,000. Finally, Cary Street Partners Financial LLC acquired a new position in Alexandria Real Estate Equities in the 4th quarter valued at about $50,000. Institutional investors and hedge funds own 96.54% of the company’s stock.

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.