Alexandria Real Estate Equities, Inc. (NYSE:ARE) Receives $116.00 Average PT from Brokerages

Alexandria Real Estate Equities, Inc. (NYSE:ARE) has received a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the stock, MarketBeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $116.00.

ARE has been the subject of a number of recent research reports. Jefferies Financial Group initiated coverage on shares of Alexandria Real Estate Equities in a report on Monday, March 17th. They issued a “hold” rating and a $100.00 target price for the company. Wall Street Zen upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, April 3rd. JPMorgan Chase & Co. reduced their target price on shares of Alexandria Real Estate Equities from $117.00 to $95.00 and set a “neutral” rating for the company in a report on Tuesday, May 20th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $130.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, April 30th.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Several hedge funds and other institutional investors have recently bought and sold shares of ARE. Empowered Funds LLC increased its holdings in Alexandria Real Estate Equities by 112.2% in the 4th quarter. Empowered Funds LLC now owns 6,159 shares of the real estate investment trust’s stock worth $601,000 after buying an additional 3,256 shares during the period. CIBC Asset Management Inc increased its holdings in Alexandria Real Estate Equities by 19.6% in the 4th quarter. CIBC Asset Management Inc now owns 44,572 shares of the real estate investment trust’s stock worth $4,348,000 after buying an additional 7,296 shares during the period. Truist Financial Corp increased its holdings in Alexandria Real Estate Equities by 16.4% in the 4th quarter. Truist Financial Corp now owns 70,910 shares of the real estate investment trust’s stock worth $6,917,000 after buying an additional 10,002 shares during the period. D.A. Davidson & CO. increased its holdings in Alexandria Real Estate Equities by 18.6% in the 4th quarter. D.A. Davidson & CO. now owns 2,810 shares of the real estate investment trust’s stock worth $274,000 after buying an additional 440 shares during the period. Finally, Venturi Wealth Management LLC increased its holdings in Alexandria Real Estate Equities by 677.7% in the 4th quarter. Venturi Wealth Management LLC now owns 2,372 shares of the real estate investment trust’s stock worth $231,000 after buying an additional 2,067 shares during the period. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

ARE stock opened at $71.40 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.22 and a quick ratio of 0.22. The business has a 50-day moving average price of $72.83 and a 200 day moving average price of $88.48. The company has a market capitalization of $12.35 billion, a P/E ratio of 93.95, a PEG ratio of 5.97 and a beta of 1.25. Alexandria Real Estate Equities has a 1-year low of $67.37 and a 1-year high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, April 28th. The real estate investment trust reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.28 by $0.02. The business had revenue of $758.16 million during the quarter, compared to the consensus estimate of $755.64 million. Alexandria Real Estate Equities had a net margin of 4.62% and a return on equity of 0.64%. The firm’s revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.35 earnings per share. As a group, equities research analysts forecast that Alexandria Real Estate Equities will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $1.32 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $5.28 dividend on an annualized basis and a dividend yield of 7.39%. Alexandria Real Estate Equities’s payout ratio is 694.74%.

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.