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

Alexandria Real Estate Equities, Inc. (NYSE:ARE) has been assigned an average recommendation of “Moderate Buy” from the eight analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $137.13.

ARE has been the topic of several analyst reports. StockNews.com raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Mizuho raised their price objective 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 reaffirmed an “outperform” rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft initiated 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 target on the stock. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, January 31st.

Alexandria Real Estate Equities Stock Up 0.1 %

Shares of Alexandria Real Estate Equities stock opened at $116.51 on Friday. The firm has a market cap of $20.38 billion, a price-to-earnings ratio of 215.76, a P/E/G ratio of 2.67 and a beta of 1.05. The stock has a 50-day simple moving average of $122.82 and a 200-day simple moving average of $116.29. Alexandria Real Estate Equities has a 52-week low of $90.73 and a 52-week high of $135.45. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.26 and a quick ratio of 0.26.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Tuesday, January 30th. The real estate investment trust reported ($0.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.29 by ($2.83). Alexandria Real Estate Equities had a net margin of 3.59% and a return on equity of 0.46%. The business had revenue of $757.22 million during the quarter, compared to analyst estimates of $740.16 million. During the same quarter last year, the firm earned $2.14 earnings per share. Alexandria Real Estate Equities’s revenue was up 13.0% compared to the same quarter last year. On average, equities research analysts expect that Alexandria Real Estate Equities will post 9.47 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $1.27 dividend. This represents a $5.08 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date of this dividend was Wednesday, March 27th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 940.76%.

Insider Transactions at Alexandria Real Estate Equities

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

Hedge Funds Weigh In On Alexandria Real Estate Equities

Hedge funds have recently modified their holdings of the stock. HHM Wealth Advisors LLC raised its stake in Alexandria Real Estate Equities by 340.9% during the fourth quarter. HHM Wealth Advisors LLC now owns 194 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 150 shares in the last quarter. Oakworth Capital Inc. bought a new stake in shares of Alexandria Real Estate Equities in the 4th quarter worth about $25,000. Capital Advisors Ltd. LLC acquired a new stake in shares of Alexandria Real Estate Equities during the 4th quarter worth about $25,000. EverSource Wealth Advisors LLC lifted its holdings in Alexandria Real Estate Equities by 275.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 233 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 171 shares during the last quarter. Finally, Mather Group LLC. acquired a new position in Alexandria Real Estate Equities in the first quarter valued at about $30,000. 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.