Wedbush Reaffirms “Outperform” Rating for Alexandria Real Estate Equities (NYSE:ARE)

Wedbush reissued their outperform rating on shares of Alexandria Real Estate Equities (NYSE:ARE) in a research report sent to investors on Wednesday, Marketbeat reports. They currently have a $140.00 target price on the real estate investment trust’s stock. Wedbush also issued estimates for Alexandria Real Estate Equities’ Q2 2024 earnings at $2.32 EPS, Q3 2024 earnings at $2.40 EPS, Q4 2024 earnings at $2.40 EPS, Q1 2025 earnings at $2.35 EPS, Q2 2025 earnings at $2.42 EPS and Q4 2025 earnings at $2.57 EPS.

ARE has been the topic of a number of other research reports. Mizuho boosted their price objective on Alexandria Real Estate Equities from $145.00 to $154.00 and gave the stock a buy rating in a research note on Wednesday, January 3rd. Deutsche Bank Aktiengesellschaft initiated coverage on Alexandria Real Estate Equities in a research note on Tuesday, January 30th. They issued a buy rating and a $140.00 price objective on the stock. JMP Securities reaffirmed a market outperform rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 31st. Finally, StockNews.com raised Alexandria Real Estate Equities from a sell rating to a hold rating in a research report on Thursday, March 21st. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Alexandria Real Estate Equities presently has a consensus rating of Moderate Buy and a consensus target price of $136.75.

Alexandria Real Estate Equities Stock Down 0.9 %

Shares of Alexandria Real Estate Equities stock opened at $116.23 on Wednesday. The business’s fifty day moving average price is $122.98 and its two-hundred day moving average price is $117.10. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.30 and a quick ratio of 0.26. The company has a market capitalization of $20.33 billion, a P/E ratio of 108.63, a PEG ratio of 2.74 and a beta of 1.05. Alexandria Real Estate Equities has a 1-year low of $90.73 and a 1-year high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Tuesday, January 30th. The real estate investment trust reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of $2.29 by ($2.83). Alexandria Real Estate Equities had a return on equity of 0.87% and a net margin of 6.65%. The firm had revenue of $757.22 million during the quarter, compared to the consensus estimate of $740.16 million. During the same period in the prior year, the firm posted $2.14 EPS. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. As a group, research analysts forecast that Alexandria Real Estate Equities will post 9.46 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $1.27 per share. This represents a $5.08 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date of this dividend was Wednesday, March 27th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 474.77%.

Insider Transactions at Alexandria Real Estate Equities

In other news, CEO Peter M. Moglia sold 3,200 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $122.90, for a total transaction of $393,280.00. Following the completion of the sale, the chief executive officer now owns 249,683 shares in the company, valued at approximately $30,686,040.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Chairman Joel S. Marcus sold 7,500 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $118.92, for a total transaction of $891,900.00. Following the completion of the sale, the chairman now owns 429,538 shares in the company, valued at approximately $51,080,658.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Peter M. Moglia sold 3,200 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $122.90, for a total value of $393,280.00. Following the sale, the chief executive officer now owns 249,683 shares of the company’s stock, valued at approximately $30,686,040.70. The disclosure for this sale can be found here. 1.15% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Several large investors have recently made changes to their positions in the business. Pinnacle Associates Ltd. acquired a new position in shares of Alexandria Real Estate Equities during the 1st quarter worth about $284,000. Prestige Wealth Management Group LLC lifted its position in shares of Alexandria Real Estate Equities by 8,671.4% during the 1st quarter. Prestige Wealth Management Group LLC now owns 1,842 shares of the real estate investment trust’s stock worth $240,000 after purchasing an additional 1,821 shares during the last quarter. Carmel Capital Partners LLC lifted its position in shares of Alexandria Real Estate Equities by 8.5% during the 1st quarter. Carmel Capital Partners LLC now owns 3,082 shares of the real estate investment trust’s stock worth $397,000 after purchasing an additional 241 shares during the last quarter. Advocate Group LLC lifted its position in shares of Alexandria Real Estate Equities by 423.3% during the 1st quarter. Advocate Group LLC now owns 18,420 shares of the real estate investment trust’s stock worth $2,375,000 after purchasing an additional 14,900 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of Alexandria Real Estate Equities by 1.4% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 35,768 shares of the real estate investment trust’s stock worth $4,611,000 after purchasing an additional 500 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

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.