Alexandria Real Estate Equities, Inc. (NYSE:ARE) Receives $124.82 Average PT from Brokerages

Alexandria Real Estate Equities, Inc. (NYSE:ARE) has been given a consensus recommendation of “Hold” by the twelve ratings firms that are covering the company, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $124.82.

ARE has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and decreased their price objective for the company from $135.00 to $112.00 in a report on Friday, November 15th. Wedbush reissued an “outperform” rating and issued a $110.00 price target (down from $120.00) on shares of Alexandria Real Estate Equities in a research note on Friday, December 6th. JMP Securities decreased their target price on shares of Alexandria Real Estate Equities from $140.00 to $130.00 and set a “market outperform” rating on the stock in a report on Friday, November 15th. BMO Capital Markets upgraded shares of Alexandria Real Estate Equities to a “hold” rating in a research report on Wednesday, September 25th. Finally, Citigroup lowered Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $130.00 to $125.00 in a research note on Friday, September 13th.

Alexandria Real Estate Equities Trading Down 1.3 %

NYSE ARE opened at $98.35 on Wednesday. Alexandria Real Estate Equities has a one year low of $97.14 and a one year high of $131.36. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.20 and a current ratio of 0.20. The company has a market capitalization of $17.19 billion, a price-to-earnings ratio of 59.97, a price-to-earnings-growth ratio of 3.87 and a beta of 1.14. The company’s 50-day simple moving average is $107.72 and its two-hundred day simple moving average is $114.70.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $2.38 by ($1.42). The business had revenue of $791.60 million during the quarter, compared to the consensus estimate of $766.97 million. Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period last year, the firm earned $2.26 EPS. Equities analysts forecast that Alexandria Real Estate Equities will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a yield of 5.37%. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. The ex-dividend date is Tuesday, December 31st. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 321.95%.

Alexandria Real Estate Equities announced that its Board of Directors has approved a stock repurchase plan on Monday, December 9th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to reacquire up to 2.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Several hedge funds and other institutional investors have recently made changes to their positions in ARE. Copley Financial Group Inc. acquired a new position in Alexandria Real Estate Equities during the 3rd quarter valued at about $420,000. Inspire Trust Co. N.A. boosted its holdings in shares of Alexandria Real Estate Equities by 17.6% in the third quarter. Inspire Trust Co. N.A. now owns 10,000 shares of the real estate investment trust’s stock valued at $1,188,000 after acquiring an additional 1,500 shares in the last quarter. Tidal Investments LLC increased its stake in shares of Alexandria Real Estate Equities by 26.6% during the third quarter. Tidal Investments LLC now owns 16,808 shares of the real estate investment trust’s stock valued at $1,996,000 after acquiring an additional 3,535 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Alexandria Real Estate Equities during the third quarter worth approximately $43,000. Finally, Virtu Financial LLC acquired a new stake in Alexandria Real Estate Equities in the third quarter worth approximately $276,000. 96.54% of the stock is currently 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.