Alexandria Real Estate Equities, Inc. (NYSE:ARE) Given Consensus Rating of “Hold” by Brokerages

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) have been given an average recommendation of “Hold” by the ten ratings firms that are presently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $130.70.

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada lowered their price target on shares of Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating on the stock in a research report on Monday, August 5th. Bank of America lowered Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their price target for the company from $151.00 to $126.00 in a research report on Monday, July 29th. Citigroup downgraded Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $130.00 to $125.00 in a research report on Friday, September 13th. Jefferies Financial Group cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and dropped their target price for the company from $136.00 to $127.00 in a report on Friday, August 2nd. Finally, JMP Securities reiterated a “market outperform” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a report on Tuesday, July 23rd.

Institutional Trading of Alexandria Real Estate Equities

Several institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC grew its position in Alexandria Real Estate Equities by 275.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 233 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 171 shares in the last quarter. Mather Group LLC. purchased a new stake in Alexandria Real Estate Equities during the 1st quarter worth approximately $30,000. UMB Bank n.a. lifted its holdings in Alexandria Real Estate Equities by 132.8% during the 2nd quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 154 shares in the last quarter. Rothschild Investment LLC purchased a new position in Alexandria Real Estate Equities in the 2nd quarter valued at approximately $33,000. Finally, Riverview Trust Co acquired a new position in shares of Alexandria Real Estate Equities in the first quarter worth $37,000. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Price Performance

NYSE:ARE opened at $121.25 on Monday. The firm has a market cap of $21.20 billion, a P/E ratio of 113.32, a price-to-earnings-growth ratio of 4.20 and a beta of 1.16. The stock has a 50 day moving average of $118.90 and a two-hundred day moving average of $119.86. Alexandria Real Estate Equities has a 12 month low of $90.73 and a 12 month high of $135.45. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.55.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $2.34 by ($2.09). Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. The firm had revenue of $766.70 million during the quarter, compared to analyst estimates of $775.03 million. During the same period in the prior year, the company posted $2.24 earnings per share. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, 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 announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 4.29%. The ex-dividend date of this dividend is Monday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 485.98%.

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.