StockNews.com Begins Coverage on Alexandria Real Estate Equities (NYSE:ARE)

StockNews.com began coverage on shares of Alexandria Real Estate Equities (NYSE:ARE – Get Rating) in a report published on Thursday morning. The brokerage issued a hold rating on the real estate investment trust’s stock.

A number of other research analysts have also commented on ARE. JMP Securities reaffirmed a buy rating and issued a $180.00 price objective on shares of Alexandria Real Estate Equities in a report on Tuesday, January 31st. Evercore ISI dropped their price objective on shares of Alexandria Real Estate Equities to $168.00 in a research note on Friday, December 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Alexandria Real Estate Equities from $176.00 to $177.00 and gave the company an overweight rating in a report on Thursday, February 2nd. Mizuho raised their target price on shares of Alexandria Real Estate Equities from $178.00 to $180.00 and gave the stock a buy rating in a report on Monday, February 13th. Finally, Robert W. Baird raised their price objective on Alexandria Real Estate Equities from $162.00 to $174.00 and gave the stock an outperform rating in a research note on Thursday, February 2nd. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $175.63.

Alexandria Real Estate Equities Price Performance

Shares of ARE opened at $120.87 on Thursday. The company’s 50-day moving average is $152.74 and its 200-day moving average is $148.16. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.35 and a quick ratio of 0.35. The firm has a market capitalization of $20.92 billion, a PE ratio of 38.62, a PEG ratio of 1.84 and a beta of 0.95. Alexandria Real Estate Equities has a fifty-two week low of $118.48 and a fifty-two week high of $206.85.

Alexandria Real Estate Equities (NYSE:ARE – Get Rating) last released its quarterly earnings results on Tuesday, January 31st. The real estate investment trust reported $0.31 earnings per share for the quarter, missing the consensus estimate of $2.13 by ($1.82). Alexandria Real Estate Equities had a net margin of 20.15% and a return on equity of 2.80%. The company had revenue of $670.28 million during the quarter, compared to the consensus estimate of $674.21 million. During the same period in the prior year, the company earned $1.97 earnings per share. The firm’s revenue was up 16.2% compared to the same quarter last year. Equities analysts forecast that Alexandria Real Estate Equities will post 8.95 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Stockholders of record on Friday, March 31st will be issued a dividend of $1.21 per share. The ex-dividend date is Thursday, March 30th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 4.00%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 154.63%.

Insider Activity at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus sold 9,000 shares of the business’s stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $168.00, for a total transaction of $1,512,000.00. Following the completion of the transaction, the chairman now owns 388,729 shares of the company’s stock, valued at $65,306,472. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Hunter Kass sold 3,803 shares of the company’s stock in a transaction dated Monday, February 6th. The stock was sold at an average price of $167.45, for a total transaction of $636,812.35. Following the sale, the director now owns 87,850 shares in the company, valued at approximately $14,710,482.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Joel S. Marcus sold 9,000 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Tuesday, February 7th. The stock was sold at an average price of $168.00, for a total value of $1,512,000.00. Following the completion of the sale, the chairman now owns 388,729 shares of the company’s stock, valued at $65,306,472. The disclosure for this sale can be found here. Insiders have sold 16,101 shares of company stock valued at $2,700,271 over the last ninety days. 0.96% of the stock is owned by corporate insiders.

Institutional Trading of Alexandria Real Estate Equities

Several large investors have recently modified their holdings of ARE. Ronald Blue Trust Inc. bought a new position in Alexandria Real Estate Equities during the second quarter worth $25,000. Guardian Wealth Advisors LLC bought a new position in shares of Alexandria Real Estate Equities during the 3rd quarter worth about $36,000. First Horizon Advisors Inc. grew its stake in shares of Alexandria Real Estate Equities by 96.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 254 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 125 shares during the period. EverSource Wealth Advisors LLC increased its position in Alexandria Real Estate Equities by 107.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 253 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 131 shares in the last quarter. Finally, Resurgent Financial Advisors LLC bought a new stake in Alexandria Real Estate Equities in the 4th quarter valued at about $38,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Alexandria Real Estate Equities Company Profile

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Alexandria Real Estate Equities, Inc engages in the business of providing space for lease. The firm is also an owner, operator, and developer of life science, agrotechnology, and technology campuses in Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.