Alexandria Real Estate Equities (NYSE:ARE) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of Alexandria Real Estate Equities (NYSE:ARE – Get Rating) from a sell rating to a hold rating in a report released on Tuesday morning.

Several other research firms have also issued reports on ARE. BTIG Research lowered their price target on shares of Alexandria Real Estate Equities from $233.00 to $186.00 in a research report on Wednesday, October 19th. Royal Bank of Canada lowered their price target on shares of Alexandria Real Estate Equities from $220.00 to $200.00 and set an outperform rating on the stock in a research report on Thursday, November 10th. Robert W. Baird boosted their price objective on shares of Alexandria Real Estate Equities from $151.00 to $162.00 in a research note on Friday, December 2nd. JMP Securities reaffirmed a buy rating and set a $180.00 price objective on shares of Alexandria Real Estate Equities in a research note on Thursday, October 6th. Finally, Evercore ISI reduced their price objective on shares of Alexandria Real Estate Equities to $168.00 in a research note on Friday, December 2nd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $175.38.

Alexandria Real Estate Equities Stock Performance

Shares of ARE stock opened at $167.79 on Tuesday. The firm has a market cap of $29.04 billion, a price-to-earnings ratio of 54.58, a P/E/G ratio of 2.37 and a beta of 0.94. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.37 and a current ratio of 0.35. Alexandria Real Estate Equities has a 52 week low of $126.74 and a 52 week high of $206.85. The firm’s 50-day simple moving average is $151.55 and its two-hundred day simple moving average is $150.28.

Alexandria Real Estate Equities (NYSE:ARE – Get Rating) last posted its quarterly earnings results on Tuesday, January 31st. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.13 by ($1.82). Alexandria Real Estate Equities had a net margin of 20.15% and a return on equity of 2.80%. The business had revenue of $670.28 million during the quarter, compared to the consensus estimate of $674.21 million. During the same period last year, the firm earned $1.97 EPS. The business’s revenue for the quarter was up 16.2% on a year-over-year basis. As a group, equities analysts forecast that Alexandria Real Estate Equities will post 8.92 earnings per share for the current year.

Alexandria Real Estate Equities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, December 30th were paid a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend was Thursday, December 29th. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.18. Alexandria Real Estate Equities’s payout ratio is currently 154.63%.

Insiders Place Their Bets

In other Alexandria Real Estate Equities news, insider Vincent Ciruzzi sold 6,998 shares of the business’s stock in a transaction that occurred on Thursday, December 15th. The shares were sold at an average price of $150.76, for a total value of $1,055,018.48. Following the completion of the transaction, the insider now owns 39,806 shares of the company’s stock, valued at approximately $6,001,152.56. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, insider Vincent Ciruzzi sold 6,998 shares of the business’s stock in a transaction that occurred on Thursday, December 15th. The shares were sold at an average price of $150.76, for a total value of $1,055,018.48. Following the completion of the sale, the insider now directly owns 39,806 shares in the company, valued at approximately $6,001,152.56. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Marc E. Binda sold 3,316 shares of the business’s stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $154.00, for a total transaction of $510,664.00. Following the completion of the sale, the executive vice president now owns 49,413 shares of the company’s stock, valued at $7,609,602. The disclosure for this sale can be found here. Insiders sold a total of 34,253 shares of company stock valued at $5,179,946 in the last quarter. Corporate insiders own 0.96% of the company’s stock.

Institutional Investors Weigh In On Alexandria Real Estate Equities

A number of hedge funds have recently made changes to their positions in ARE. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Alexandria Real Estate Equities by 8.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 4,377 shares of the real estate investment trust’s stock worth $881,000 after acquiring an additional 348 shares during the last quarter. American Century Companies Inc. raised its holdings in Alexandria Real Estate Equities by 242.4% during the 1st quarter. American Century Companies Inc. now owns 4,499 shares of the real estate investment trust’s stock valued at $906,000 after buying an additional 3,185 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Alexandria Real Estate Equities by 14.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,753 shares of the real estate investment trust’s stock valued at $957,000 after buying an additional 598 shares during the last quarter. HighTower Advisors LLC raised its holdings in Alexandria Real Estate Equities by 11.7% during the 1st quarter. HighTower Advisors LLC now owns 5,903 shares of the real estate investment trust’s stock valued at $1,187,000 after buying an additional 620 shares during the last quarter. Finally, Cetera Advisor Networks LLC raised its holdings in Alexandria Real Estate Equities by 7.3% during the 1st quarter. Cetera Advisor Networks LLC now owns 1,086 shares of the real estate investment trust’s stock valued at $219,000 after buying an additional 74 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

About Alexandria Real Estate Equities

(Get Rating)

Alexandria Real Estate Equities, Inc is an urban office real estate investment trust. The firm engages in the ownership, operation, development, and redevelopment of life science and technology properties. It also provides a space for lease to the life science and technology industries, which are primarily located in AAA urban innovation cluster locations.