Shares of Alexandria Real Estate Equities Inc. (NYSE:ARE) have earned an average rating of “Buy” from the eleven research firms that are covering the company. Four analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $117.00.

Several research analysts have commented on the company. Royal Bank Of Canada raised their price objective on Alexandria Real Estate Equities from $105.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, August 4th. RBC Capital Markets reissued an “outperform” rating and issued a $120.00 price objective (up from $105.00) on shares of Alexandria Real Estate Equities in a research report on Thursday, August 4th. BTIG Research assumed coverage on Alexandria Real Estate Equities in a research report on Thursday, August 25th. They issued a “buy” rating and a $124.00 price objective on the stock. Mizuho raised their price objective on Alexandria Real Estate Equities from $113.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, August 4th. Finally, Citigroup Inc. cut their price objective on Alexandria Real Estate Equities from $106.00 to $92.00 and set a “neutral” rating on the stock in a research report on Thursday, July 7th.

In related news, CIO Peter M. Moglia sold 4,000 shares of the business’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $109.59, for a total value of $438,360.00. Following the completion of the sale, the executive now directly owns 94,867 shares of the company’s stock, valued at $10,396,474.53. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Stephen Richardson sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $111.79, for a total value of $1,117,900.00. Following the completion of the sale, the chief operating officer now directly owns 114,207 shares of the company’s stock, valued at $12,767,200.53. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in ARE. Cohen & Steers Inc. raised its stake in shares of Alexandria Real Estate Equities by 232.7% in the second quarter. Cohen & Steers Inc. now owns 6,391,651 shares of the real estate investment trust’s stock valued at $661,664,000 after buying an additional 4,470,369 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of Alexandria Real Estate Equities by 415.1% in the second quarter. Daiwa Securities Group Inc. now owns 2,538,395 shares of the real estate investment trust’s stock worth $262,775,000 after buying an additional 2,045,619 shares during the last quarter. State Street Corp increased its position in shares of Alexandria Real Estate Equities by 16.3% in the second quarter. State Street Corp now owns 3,570,765 shares of the real estate investment trust’s stock worth $369,642,000 after buying an additional 499,742 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Alexandria Real Estate Equities by 3.8% in the second quarter. Vanguard Group Inc. now owns 11,285,339 shares of the real estate investment trust’s stock worth $1,168,257,000 after buying an additional 408,368 shares during the last quarter. Finally, Resolution Capital Ltd increased its position in shares of Alexandria Real Estate Equities by 96.9% in the second quarter. Resolution Capital Ltd now owns 709,647 shares of the real estate investment trust’s stock worth $73,463,000 after buying an additional 349,273 shares during the last quarter. 98.49% of the stock is owned by hedge funds and other institutional investors.

Shares of Alexandria Real Estate Equities (NYSE:ARE) traded up 0.14% during mid-day trading on Wednesday, hitting $105.20. The company had a trading volume of 676,558 shares. The stock’s 50-day moving average is $107.99 and its 200-day moving average is $102.44. Alexandria Real Estate Equities has a 52-week low of $70.69 and a 52-week high of $114.67. The stock’s market cap is $8.20 billion.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, August 1st. The real estate investment trust reported $1.36 EPS for the quarter, meeting the consensus estimate of $1.36. Alexandria Real Estate Equities had a negative return on equity of 0.71% and a negative net margin of 3.05%. The company had revenue of $226.10 million for the quarter, compared to analyst estimates of $214.61 million. During the same period last year, the company posted $1.31 earnings per share. The firm’s revenue was up 10.7% compared to the same quarter last year. Equities analysts forecast that Alexandria Real Estate Equities will post $5.52 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 17th. Investors of record on Friday, September 30th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 3.05%. The ex-dividend date was Wednesday, September 28th. Alexandria Real Estate Equities’s dividend payout ratio is currently -390.24%.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc is a real estate investment (REIT). The Company is engaged in the business of providing office/laboratory and technology office space for lease to the science and technology industries. It is focused on collaborative science and technology campuses. It develops urban cluster campuses and ecosystems.

5 Day Chart for NYSE:ARE

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