Brokerages Set Alexandria Real Estate Equities, Inc. (NYSE:ARE) PT at $131.22

Alexandria Real Estate Equities, Inc. (NYSE:ARE) has been given an average rating of “Hold” by the nine ratings firms that are presently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $131.33.

Several equities research analysts have commented on ARE shares. Bank of America lowered Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $151.00 to $126.00 in a research note on Monday, July 29th. JMP Securities restated a “market outperform” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a research note on Tuesday, July 23rd. Evercore ISI upped their price target on Alexandria Real Estate Equities from $126.00 to $127.00 and gave the stock an “in-line” rating in a research note on Wednesday. Royal Bank of Canada dropped their price target on Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating for the company in a research note on Monday, August 5th. Finally, Jefferies Financial Group lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and dropped their price target for the stock from $136.00 to $127.00 in a research note on Friday, August 2nd.

Insider Activity

In other news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of the stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $4.21, for a total value of $631,500.00. Following the completion of the sale, the insider now owns 6,005,077 shares in the company, valued at $25,281,374.17. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.15% of the company’s stock.

Institutional Investors Weigh In On Alexandria Real Estate Equities

A number of hedge funds have recently bought and sold shares of ARE. Greenleaf Trust acquired a new stake in Alexandria Real Estate Equities during the 4th quarter valued at approximately $265,000. Lindbrook Capital LLC grew its stake in Alexandria Real Estate Equities by 205.8% during the 4th quarter. Lindbrook Capital LLC now owns 948 shares of the real estate investment trust’s stock valued at $120,000 after purchasing an additional 638 shares in the last quarter. Signaturefd LLC grew its stake in Alexandria Real Estate Equities by 149.5% during the 4th quarter. Signaturefd LLC now owns 3,014 shares of the real estate investment trust’s stock valued at $382,000 after purchasing an additional 1,806 shares in the last quarter. CWM LLC lifted its holdings in Alexandria Real Estate Equities by 138.3% during the 4th quarter. CWM LLC now owns 3,782 shares of the real estate investment trust’s stock worth $479,000 after buying an additional 2,195 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in Alexandria Real Estate Equities by 12.2% during the 4th quarter. Handelsbanken Fonder AB now owns 52,702 shares of the real estate investment trust’s stock worth $6,681,000 after buying an additional 5,738 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

NYSE ARE opened at $119.11 on Thursday. The business’s 50-day moving average price is $117.94 and its 200 day moving average price is $119.83. Alexandria Real Estate Equities has a twelve month low of $90.73 and a twelve month high of $135.45. The company has a market capitalization of $20.83 billion, a PE ratio of 111.32, a price-to-earnings-growth ratio of 4.00 and a beta of 1.15. 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 released its earnings results on Monday, July 22nd. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the consensus estimate of $2.34 by ($2.09). Alexandria Real Estate Equities had a return on equity of 0.68% and a net margin of 5.09%. The business had revenue of $766.70 million for the quarter, compared to analysts’ expectations of $775.03 million. During the same quarter last year, the company posted $2.24 earnings per share. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, research analysts predict that Alexandria Real Estate Equities will post 9.48 earnings per share for the current year.

Alexandria Real Estate Equities Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a $1.30 dividend. The ex-dividend date was Friday, June 28th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.37%. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 485.98%.

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.