Alexandria Real Estate Equities (NYSE:ARE) PT Raised to $133.00 at Evercore ISI

Alexandria Real Estate Equities (NYSE:ARE) had its price target boosted by Evercore ISI from $132.00 to $133.00 in a research note released on Tuesday, Benzinga reports. Evercore ISI currently has an outperform rating on the real estate investment trust’s stock.

A number of other research analysts also recently issued reports on the company. StockNews.com upgraded Alexandria Real Estate Equities from a sell rating to a hold rating in a report on Thursday, March 21st. Wedbush reiterated an outperform rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, April 24th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $136.88.

Alexandria Real Estate Equities Stock Down 0.9 %

NYSE:ARE opened at $125.21 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.30 and a current ratio of 0.30. The company has a market cap of $21.90 billion, a PE ratio of 117.02, a PEG ratio of 3.23 and a beta of 1.15. Alexandria Real Estate Equities has a 52-week low of $90.73 and a 52-week high of $135.45. The stock has a 50-day simple moving average of $119.03 and a 200 day simple moving average of $121.21.

Alexandria Real Estate Equities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 4.15%. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. The ex-dividend date of this dividend was Friday, June 28th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 485.99%.

Insider Buying and Selling at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $4.21, for a total value of $631,500.00. Following the completion of the transaction, the insider now directly owns 6,005,077 shares in the company, valued at $25,281,374.17. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.15% of the company’s stock.

Institutional Trading of Alexandria Real Estate Equities

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Alexandria Real Estate Equities by 0.6% in the first quarter. Vanguard Group Inc. now owns 26,784,689 shares of the real estate investment trust’s stock valued at $3,452,814,000 after buying an additional 156,643 shares during the last quarter. Norges Bank acquired a new stake in shares of Alexandria Real Estate Equities in the fourth quarter valued at approximately $2,086,085,000. APG Asset Management US Inc. lifted its position in shares of Alexandria Real Estate Equities by 0.5% in the fourth quarter. APG Asset Management US Inc. now owns 7,216,689 shares of the real estate investment trust’s stock valued at $914,860,000 after buying an additional 39,243 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Alexandria Real Estate Equities by 0.9% in the fourth quarter. Victory Capital Management Inc. now owns 3,747,866 shares of the real estate investment trust’s stock valued at $475,117,000 after buying an additional 32,122 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Alexandria Real Estate Equities by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,391,396 shares of the real estate investment trust’s stock valued at $303,166,000 after buying an additional 22,105 shares during the last quarter. 96.54% of the stock is owned by institutional investors and hedge funds.

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.