Wedbush Reaffirms “Outperform” Rating for Alexandria Real Estate Equities (NYSE:ARE)

Wedbush reissued their outperform rating on shares of Alexandria Real Estate Equities (NYSE:ARE) in a research report released on Wednesday morning, Marketbeat.com reports. The firm currently has a $140.00 target price on the real estate investment trust’s stock. Wedbush also issued estimates for Alexandria Real Estate Equities’ Q2 2024 earnings at $2.32 EPS, Q3 2024 earnings at $2.40 EPS, Q4 2024 earnings at $2.40 EPS, Q1 2025 earnings at $2.35 EPS, Q2 2025 earnings at $2.42 EPS and Q4 2025 earnings at $2.57 EPS.

Several other equities analysts have also weighed in on ARE. Mizuho upped their price objective on shares of Alexandria Real Estate Equities from $145.00 to $154.00 and gave the company a buy rating in a report on Wednesday, January 3rd. StockNews.com upgraded shares of Alexandria Real Estate Equities from a sell rating to a hold rating in a report on Thursday, March 21st. Deutsche Bank Aktiengesellschaft began coverage on shares of Alexandria Real Estate Equities in a report on Tuesday, January 30th. They issued a buy rating and a $140.00 target price on the stock. Finally, JMP Securities restated a market outperform rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 31st. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $136.75.

Alexandria Real Estate Equities Price Performance

Shares of NYSE ARE opened at $116.23 on Wednesday. The firm’s 50-day moving average price is $122.98 and its 200-day moving average price is $117.10. Alexandria Real Estate Equities has a 1-year low of $90.73 and a 1-year high of $135.45. The firm has a market capitalization of $20.33 billion, a P/E ratio of 108.63, a P/E/G ratio of 2.74 and a beta of 1.05. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 0.54.

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

Alexandria Real Estate Equities Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $1.27 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $5.08 annualized dividend and a yield of 4.37%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 474.77%.

Insider Buying and Selling at Alexandria Real Estate Equities

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

Institutional Investors Weigh In On Alexandria Real Estate Equities

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Alexandria Real Estate Equities during the 4th quarter valued at approximately $2,086,085,000. Jennison Associates LLC grew its position in shares of Alexandria Real Estate Equities by 180.3% during the 4th quarter. Jennison Associates LLC now owns 1,010,943 shares of the real estate investment trust’s stock valued at $128,157,000 after acquiring an additional 650,248 shares during the period. Aew Capital Management L P grew its position in shares of Alexandria Real Estate Equities by 881.2% during the 3rd quarter. Aew Capital Management L P now owns 347,330 shares of the real estate investment trust’s stock valued at $34,768,000 after acquiring an additional 311,930 shares during the period. Ceredex Value Advisors LLC bought a new position in shares of Alexandria Real Estate Equities during the 4th quarter valued at approximately $36,223,000. Finally, Schroder Investment Management Group grew its position in shares of Alexandria Real Estate Equities by 87.9% during the 3rd quarter. Schroder Investment Management Group now owns 597,708 shares of the real estate investment trust’s stock valued at $59,831,000 after acquiring an additional 279,649 shares during the period. Hedge funds and other institutional investors 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.