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

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) have been assigned a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $136.75.

Several equities analysts recently issued reports on the company. Wedbush reaffirmed an “outperform” rating and issued a $140.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday. Deutsche Bank Aktiengesellschaft started coverage on Alexandria Real Estate Equities in a report on Tuesday, January 30th. They set a “buy” rating and a $140.00 price target on the stock. Mizuho increased their price target on Alexandria Real Estate Equities from $145.00 to $154.00 and gave the company a “buy” rating in a report on Wednesday, January 3rd. StockNews.com raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. Finally, Evercore ISI lowered their price target on Alexandria Real Estate Equities from $137.00 to $132.00 and set an “outperform” rating on the stock in a report on Thursday.

Alexandria Real Estate Equities Stock Performance

Alexandria Real Estate Equities stock opened at $117.28 on Friday. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $20.51 billion, a P/E ratio of 109.61, a PEG ratio of 2.73 and a beta of 1.05. The stock’s 50 day moving average is $123.04 and its 200 day moving average is $117.00. Alexandria Real Estate Equities has a twelve month low of $90.73 and a twelve month high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Tuesday, January 30th. The real estate investment trust reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of $2.29 by ($2.83). The business had revenue of $757.22 million during the quarter, compared to the consensus estimate of $740.16 million. Alexandria Real Estate Equities had a net margin of 6.65% and a return on equity of 0.87%. The business’s revenue was up 13.0% compared to the same quarter last year. During the same period last year, the company posted $2.14 earnings per share. On average, equities research analysts predict that Alexandria Real Estate Equities will post 9.46 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a $1.27 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $5.08 annualized dividend and a dividend yield of 4.33%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 474.77%.

Insider Transactions at Alexandria Real Estate Equities

In other news, Chairman Joel S. Marcus sold 7,500 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $118.92, for a total value of $891,900.00. Following the completion of the sale, the chairman now directly owns 429,538 shares in the company, valued at approximately $51,080,658.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Alexandria Real Estate Equities news, CEO Peter M. Moglia sold 3,200 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $122.90, for a total value of $393,280.00. Following the completion of the sale, the chief executive officer now owns 249,683 shares in the company, valued at approximately $30,686,040.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Joel S. Marcus sold 7,500 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $118.92, for a total value of $891,900.00. Following the completion of the sale, the chairman now owns 429,538 shares of the company’s stock, valued at approximately $51,080,658.96. The disclosure for this sale can be found here. 1.15% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Alexandria Real Estate Equities

A number of institutional investors have recently bought and sold shares of ARE. Norges Bank purchased a new stake in Alexandria Real Estate Equities in the 4th quarter worth $2,086,085,000. Jennison Associates LLC increased its stake in Alexandria Real Estate Equities by 180.3% in the 4th quarter. Jennison Associates LLC now owns 1,010,943 shares of the real estate investment trust’s stock worth $128,157,000 after buying an additional 650,248 shares in the last quarter. Aew Capital Management L P increased its stake in Alexandria Real Estate Equities by 881.2% in the 3rd quarter. Aew Capital Management L P now owns 347,330 shares of the real estate investment trust’s stock worth $34,768,000 after buying an additional 311,930 shares in the last quarter. Ceredex Value Advisors LLC purchased a new stake in Alexandria Real Estate Equities in the 4th quarter worth $36,223,000. Finally, Schroder Investment Management Group increased its stake in Alexandria Real Estate Equities by 87.9% in the 3rd quarter. Schroder Investment Management Group now owns 597,708 shares of the real estate investment trust’s stock worth $59,831,000 after buying an additional 279,649 shares in the last quarter. Hedge funds and other institutional investors 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.