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

Alexandria Real Estate Equities, Inc. (NYSE:ARE) has earned an average recommendation of “Hold” from the eleven research firms that are covering the firm, MarketBeat reports. Nine analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $116.00.

A number of analysts recently issued reports on the stock. Wedbush restated a “neutral” rating and issued a $104.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. JPMorgan Chase & Co. lowered 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 research note on Tuesday, May 20th. JMP Securities reiterated a “market outperform” rating and set a $130.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 30th. Jefferies Financial Group began coverage on shares of Alexandria Real Estate Equities in a research note on Monday, March 17th. They set a “hold” rating and a $100.00 target price for the company. Finally, Wall Street Zen upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Thursday, April 3rd.

Institutional Investors Weigh In On Alexandria Real Estate Equities

A number of institutional investors and hedge funds have recently bought and sold shares of ARE. Merit Financial Group LLC acquired a new stake in Alexandria Real Estate Equities in the 4th quarter valued at about $228,000. Exchange Traded Concepts LLC lifted its holdings in Alexandria Real Estate Equities by 4.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 5,241 shares of the real estate investment trust’s stock valued at $511,000 after acquiring an additional 228 shares during the last quarter. Gradient Investments LLC lifted its holdings in Alexandria Real Estate Equities by 22.4% in the 4th quarter. Gradient Investments LLC now owns 128,733 shares of the real estate investment trust’s stock valued at $12,558,000 after acquiring an additional 23,548 shares during the last quarter. Fifth Third Bancorp lifted its holdings in Alexandria Real Estate Equities by 16.0% in the 4th quarter. Fifth Third Bancorp now owns 13,669 shares of the real estate investment trust’s stock valued at $1,333,000 after acquiring an additional 1,883 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in Alexandria Real Estate Equities by 7.7% in the 4th quarter. Geneos Wealth Management Inc. now owns 32,532 shares of the real estate investment trust’s stock valued at $3,173,000 after acquiring an additional 2,319 shares during the last quarter. 96.54% of the stock is owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Stock Down 1.0%

Shares of NYSE:ARE opened at $69.63 on Friday. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.55. The company has a fifty day simple moving average of $77.98 and a 200 day simple moving average of $92.83. The firm has a market cap of $12.05 billion, a PE ratio of 38.68, a price-to-earnings-growth ratio of 3.93 and a beta of 1.27. Alexandria Real Estate Equities has a 12-month low of $67.37 and a 12-month high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $2.30 earnings per share (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 analyst estimates of $755.64 million. Alexandria Real Estate Equities had a net margin of 10.36% and a return on equity of 1.43%. The business’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.35 earnings per share. On average, equities research analysts anticipate that Alexandria Real Estate Equities will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $1.32 dividend. This represents a $5.28 annualized dividend and a yield of 7.58%. The ex-dividend date of this dividend was Monday, March 31st. Alexandria Real Estate Equities’s payout ratio is currently 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.