Analysts Set Alexandria Real Estate Equities, Inc. (NYSE:ARE) Price Target at $121.30

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) have been assigned a consensus rating of “Hold” from the eleven brokerages that are currently covering the stock, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $121.30.

A number of analysts have weighed in on ARE shares. Deutsche Bank Aktiengesellschaft lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and cut their target price for the company from $135.00 to $112.00 in a research report on Friday, November 15th. StockNews.com upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Wednesday, February 12th. Wedbush reaffirmed a “neutral” rating and issued a $104.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Evercore ISI cut their price target on Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 23rd. Finally, Royal Bank of Canada lowered their price objective on Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating for the company in a research note on Tuesday, December 17th.

Alexandria Real Estate Equities Price Performance

Shares of ARE stock opened at $95.26 on Thursday. Alexandria Real Estate Equities has a twelve month low of $93.25 and a twelve month high of $130.14. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55. The business has a fifty day simple moving average of $98.29 and a 200 day simple moving average of $109.19. The company has a market cap of $16.49 billion, a P/E ratio of 52.92, a P/E/G ratio of 3.90 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Monday, January 27th. The real estate investment trust reported $2.39 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $1.48. Alexandria Real Estate Equities had a net margin of 10.36% and a return on equity of 1.43%. On average, sell-side analysts forecast that Alexandria Real Estate Equities will post 9.33 EPS for the current fiscal year.

Alexandria Real Estate Equities announced that its board has authorized a share repurchase plan on Monday, December 9th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the real estate investment trust to reacquire up to 2.7% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

Alexandria Real Estate Equities Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $1.32 dividend. The ex-dividend date was Tuesday, December 31st. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. This represents a $5.28 annualized dividend and a yield of 5.54%. Alexandria Real Estate Equities’s dividend payout ratio is presently 293.33%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. CWM LLC raised its stake in Alexandria Real Estate Equities by 15.5% during the third quarter. CWM LLC now owns 5,225 shares of the real estate investment trust’s stock worth $620,000 after buying an additional 703 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in Alexandria Real Estate Equities by 99.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 5,013 shares of the real estate investment trust’s stock worth $595,000 after acquiring an additional 2,501 shares during the period. Procyon Advisors LLC acquired a new position in shares of Alexandria Real Estate Equities in the 3rd quarter valued at about $242,000. Creative Planning boosted its position in shares of Alexandria Real Estate Equities by 14.5% during the 3rd quarter. Creative Planning now owns 15,415 shares of the real estate investment trust’s stock valued at $1,830,000 after purchasing an additional 1,947 shares in the last quarter. Finally, NBC Securities Inc. grew its stake in Alexandria Real Estate Equities by 9.7% during the third quarter. NBC Securities Inc. now owns 1,475 shares of the real estate investment trust’s stock worth $175,000 after purchasing an additional 130 shares during the period. Institutional investors and hedge funds own 96.54% of the company’s stock.

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.