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

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) have received an average rating of “Hold” from the twelve analysts that are covering the stock, MarketBeat.com reports. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $124.82.

A number of equities analysts have recently weighed in on ARE shares. Deutsche Bank Aktiengesellschaft lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $135.00 to $112.00 in a research note on Friday, November 15th. Citigroup lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and cut their price objective for the company from $130.00 to $125.00 in a report on Friday, September 13th. JPMorgan Chase & Co. downgraded shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $133.00 to $121.00 in a report on Wednesday, November 27th. Evercore ISI cut their target price on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating for the company in a research note on Wednesday, October 23rd. Finally, Wedbush reiterated an “outperform” rating and issued a $110.00 price target (down previously from $120.00) on shares of Alexandria Real Estate Equities in a research note on Friday, December 6th.

Hedge Funds Weigh In On Alexandria Real Estate Equities

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Arbor Capital Management Inc. ADV lifted its position in Alexandria Real Estate Equities by 1.1% in the second quarter. Arbor Capital Management Inc. ADV now owns 8,639 shares of the real estate investment trust’s stock worth $1,000,000 after buying an additional 93 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Alexandria Real Estate Equities by 0.7% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 13,544 shares of the real estate investment trust’s stock worth $1,584,000 after purchasing an additional 100 shares during the period. Presima Securities ULC grew its holdings in Alexandria Real Estate Equities by 0.9% during the 3rd quarter. Presima Securities ULC now owns 11,725 shares of the real estate investment trust’s stock valued at $1,392,000 after purchasing an additional 100 shares during the last quarter. PFG Investments LLC raised its position in Alexandria Real Estate Equities by 5.1% in the 2nd quarter. PFG Investments LLC now owns 2,392 shares of the real estate investment trust’s stock worth $280,000 after purchasing an additional 115 shares during the period. Finally, Capital Square LLC lifted its stake in Alexandria Real Estate Equities by 2.1% in the third quarter. Capital Square LLC now owns 5,811 shares of the real estate investment trust’s stock worth $690,000 after purchasing an additional 118 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Trading Down 0.3 %

Alexandria Real Estate Equities stock opened at $97.55 on Wednesday. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.56. Alexandria Real Estate Equities has a 12-month low of $96.44 and a 12-month high of $131.36. The firm has a market capitalization of $17.05 billion, a price-to-earnings ratio of 59.48, a P/E/G ratio of 3.87 and a beta of 1.15. The firm has a 50 day moving average of $106.88 and a 200 day moving average of $114.43.

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

Alexandria Real Estate Equities Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $1.32 per share. 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 5.41%. The ex-dividend date is Tuesday, December 31st. Alexandria Real Estate Equities’s payout ratio is presently 321.95%.

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

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.