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

Alexandria Real Estate Equities, Inc. (NYSE:ARE) has been assigned an average recommendation of “Hold” from the eleven research firms that are currently covering the stock, MarketBeat Ratings reports. Nine analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $121.30.

ARE has been the subject of a number of recent analyst reports. Royal Bank of Canada reduced their price objective on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating for the company in a research report on Tuesday, December 17th. Wedbush restated a “neutral” rating and issued a $104.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. JMP Securities reaffirmed a “market outperform” rating and issued a $130.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. JPMorgan Chase & Co. cut shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $133.00 to $121.00 in a report on Wednesday, November 27th. Finally, StockNews.com raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Friday, February 28th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ARE. Ashton Thomas Securities LLC acquired a new stake in Alexandria Real Estate Equities during the third quarter worth approximately $30,000. EverSource Wealth Advisors LLC boosted its position in Alexandria Real Estate Equities by 57.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 109 shares during the last quarter. Colonial Trust Co SC boosted its position in Alexandria Real Estate Equities by 514.3% during the fourth quarter. Colonial Trust Co SC now owns 301 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 252 shares during the last quarter. Venturi Wealth Management LLC boosted its position in Alexandria Real Estate Equities by 144.0% during the third quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 180 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Alexandria Real Estate Equities during the third quarter worth approximately $43,000. 96.54% of the stock is owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Price Performance

Shares of NYSE:ARE opened at $99.30 on Monday. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55. The company has a market cap of $17.19 billion, a P/E ratio of 55.17, a PEG ratio of 3.93 and a beta of 1.17. Alexandria Real Estate Equities has a 52 week low of $93.25 and a 52 week high of $130.14. The company has a 50-day moving average price of $98.24 and a 200 day moving average price of $107.13.

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

Alexandria Real Estate Equities declared that its Board of Directors has authorized a share buyback program on Monday, December 9th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the real estate investment trust to purchase up to 2.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $1.32 per share. The ex-dividend date is Monday, March 31st. This represents a $5.28 dividend on an annualized basis and a dividend yield of 5.32%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 293.33%.

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.