Alexandria Real Estate Equities (NYSE:ARE) Price Target Cut to $132.00 by Analysts at Evercore ISI

Alexandria Real Estate Equities (NYSE:ARE) had its price objective lowered by Evercore ISI from $137.00 to $132.00 in a research report report published on Thursday morning, Benzinga reports. The brokerage currently has an outperform rating on the real estate investment trust’s stock.

Other analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Alexandria Real Estate Equities in a research report on Tuesday, January 30th. They issued a buy rating and a $140.00 price objective on the stock. Mizuho boosted their price target on Alexandria Real Estate Equities from $145.00 to $154.00 and gave the company a buy rating in a research note on Wednesday, January 3rd. Wedbush restated an outperform rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday. JMP Securities restated a market outperform rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 31st. Finally, StockNews.com raised Alexandria Real Estate Equities from a sell rating to a hold rating in a report on Thursday, March 21st. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Alexandria Real Estate Equities presently has an average rating of Moderate Buy and an average price target of $136.75.

Alexandria Real Estate Equities Stock Up 0.9 %

Shares of Alexandria Real Estate Equities stock traded up $1.07 during trading on Thursday, hitting $118.37. 9,202 shares of the stock were exchanged, compared to its average volume of 993,786. Alexandria Real Estate Equities has a 12-month low of $90.73 and a 12-month high of $135.45. The stock has a market cap of $20.70 billion, a price-to-earnings ratio of 109.61, a price-to-earnings-growth ratio of 2.74 and a beta of 1.05. The firm’s 50-day moving average price is $123.04 and its 200 day moving average price is $117.00. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.30 and a quick ratio of 0.26.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Tuesday, January 30th. The real estate investment trust reported ($0.54) earnings per share for the quarter, missing the consensus estimate of $2.29 by ($2.83). Alexandria Real Estate Equities had a net margin of 6.65% and a return on equity of 0.87%. The firm had revenue of $757.22 million during the quarter, compared to analysts’ expectations of $740.16 million. During the same quarter last year, the company posted $2.14 earnings per share. Alexandria Real Estate Equities’s revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, analysts forecast 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. Shareholders of record on Thursday, March 28th were given a $1.27 dividend. This represents a $5.08 annualized dividend and a yield of 4.29%. The ex-dividend date was Wednesday, March 27th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 474.77%.

Insider Activity

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ARE. Oakworth Capital Inc. bought a new stake in shares of Alexandria Real Estate Equities during the fourth quarter valued at about $25,000. Capital Advisors Ltd. LLC acquired a new position in shares of Alexandria Real Estate Equities during the fourth quarter worth $25,000. HHM Wealth Advisors LLC raised its holdings in shares of Alexandria Real Estate Equities by 340.9% in the fourth quarter. HHM Wealth Advisors LLC now owns 194 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 150 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in Alexandria Real Estate Equities by 61.7% during the third quarter. Parkside Financial Bank & Trust now owns 291 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 111 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in shares of Alexandria Real Estate Equities by 275.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 233 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 171 shares in the last quarter. 96.54% of the stock is owned by institutional investors and hedge funds.

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.