Alexandria Real Estate Equities, Inc. (NYSE:ARE) Receives $137.13 Average Price Target from Brokerages

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) have received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $136.75.

Several research firms have weighed in on ARE. Mizuho boosted their price target on Alexandria Real Estate Equities from $145.00 to $154.00 and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. Evercore ISI decreased their target price on Alexandria Real Estate Equities from $137.00 to $132.00 and set an “outperform” rating on the stock in a report on Thursday. StockNews.com raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. JMP Securities reissued a “market outperform” rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 31st. Finally, Wedbush reaffirmed an “outperform” rating and issued a $140.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday.

Insider Activity

In other news, CEO Peter M. Moglia sold 3,200 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $122.90, for a total transaction of $393,280.00. Following the completion of the sale, the chief executive officer now directly owns 249,683 shares in the company, valued at approximately $30,686,040.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Peter M. Moglia sold 3,200 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $122.90, for a total transaction of $393,280.00. Following the completion of the sale, the chief executive officer now directly owns 249,683 shares in the company, valued at approximately $30,686,040.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Joel S. Marcus sold 7,500 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $118.92, for a total value of $891,900.00. Following the sale, the chairman now owns 429,538 shares of the company’s stock, valued at $51,080,658.96. The disclosure for this sale can be found here. Corporate insiders own 1.15% of the company’s stock.

Institutional Trading of Alexandria Real Estate Equities

Several institutional investors and hedge funds have recently modified their holdings of ARE. HHM Wealth Advisors LLC increased its holdings in Alexandria Real Estate Equities by 340.9% in the 4th quarter. HHM Wealth Advisors LLC now owns 194 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 150 shares in the last quarter. Oakworth Capital Inc. acquired a new stake in shares of Alexandria Real Estate Equities in the fourth quarter valued at about $25,000. Capital Advisors Ltd. LLC acquired a new stake in Alexandria Real Estate Equities during the fourth quarter worth approximately $25,000. EverSource Wealth Advisors LLC grew its stake in Alexandria Real Estate Equities by 275.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 233 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 171 shares during the period. Finally, Mather Group LLC. acquired a new stake in Alexandria Real Estate Equities during the first quarter worth approximately $30,000. 96.54% of the stock is currently owned by institutional investors.

Alexandria Real Estate Equities Trading Down 2.0 %

NYSE ARE opened at $117.28 on Friday. The stock has a market capitalization of $20.51 billion, a price-to-earnings ratio of 109.61, a PEG ratio of 2.73 and a beta of 1.05. The stock’s 50 day moving average price is $123.04 and its two-hundred day moving average price is $117.00. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.26 and a current ratio of 0.30. Alexandria Real Estate Equities has a 52 week low of $90.73 and a 52 week high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Tuesday, January 30th. The real estate investment trust reported ($0.54) EPS for the quarter, missing the consensus estimate of $2.29 by ($2.83). The firm had revenue of $757.22 million during the quarter, compared to the consensus estimate of $740.16 million. Alexandria Real Estate Equities had a net margin of 6.65% and a return on equity of 0.87%. The company’s revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.14 EPS. As a group, analysts anticipate that Alexandria Real Estate Equities will post 9.46 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $1.27 per share. The ex-dividend date was Wednesday, March 27th. This represents a $5.08 dividend on an annualized basis and a dividend yield of 4.33%. Alexandria Real Estate Equities’s payout ratio is 474.77%.

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.