Alexandria Real Estate Equities, Inc. (NYSE:ARE) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) have been assigned an average rating of “Hold” from the twelve research firms that are currently covering the firm, Marketbeat reports. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $126.73.

ARE has been the topic of several research reports. JPMorgan Chase & Co. lowered Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and cut their price target for the company from $133.00 to $121.00 in a research note on Wednesday. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $125.00 target price (down previously from $130.00) on shares of Alexandria Real Estate Equities in a research note on Thursday, October 24th. Robert W. Baird dropped their price target on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Evercore ISI cut their price objective on shares of 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, Citigroup lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $130.00 to $125.00 in a report on Friday, September 13th.

Alexandria Real Estate Equities Trading Down 0.3 %

ARE opened at $110.17 on Friday. Alexandria Real Estate Equities has a 1-year low of $102.89 and a 1-year high of $135.45. The stock has a market capitalization of $19.25 billion, a PE ratio of 67.18, a PEG ratio of 4.14 and a beta of 1.16. 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 firm has a 50-day moving average price of $114.35 and a two-hundred day moving average price of $117.07.

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

Alexandria Real Estate Equities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $1.30 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.20 dividend on an annualized basis and a yield of 4.72%. Alexandria Real Estate Equities’s payout ratio is 317.07%.

Institutional Trading of Alexandria Real Estate Equities

A number of large investors have recently bought and sold shares of ARE. Catalyst Capital Advisors LLC acquired a new position in shares of Alexandria Real Estate Equities in the third quarter valued at approximately $25,000. Ashton Thomas Securities LLC bought a new stake in Alexandria Real Estate Equities in the 3rd quarter valued at $30,000. UMB Bank n.a. boosted its stake in Alexandria Real Estate Equities by 132.8% in the 2nd quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 154 shares during the period. Rothschild Investment LLC bought a new position in Alexandria Real Estate Equities during the 2nd quarter worth about $33,000. Finally, Venturi Wealth Management LLC raised its stake in shares of Alexandria Real Estate Equities by 144.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 180 shares during the period. 96.54% of the stock is owned by institutional investors.

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.