Alexandria Real Estate Equities, Inc. (NYSE:ARE) Receives Average Recommendation of “Hold” from Analysts

Alexandria Real Estate Equities, Inc. (NYSE:ARE) has been assigned an average recommendation of “Hold” from the ten ratings firms that are covering the company, MarketBeat.com reports. Six equities 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 target among brokerages that have issued ratings on the stock in the last year is $130.70.

A number of analysts recently weighed in on the stock. Jefferies Financial Group lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $136.00 to $127.00 in a research report on Friday, August 2nd. Bank of America downgraded Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $151.00 to $126.00 in a report on Monday, July 29th. Citigroup cut Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $130.00 to $125.00 in a report on Friday. Evercore ISI increased their target price on Alexandria Real Estate Equities from $126.00 to $127.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 28th. Finally, Wedbush lowered shares of Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $140.00 to $130.00 in a research note on Wednesday, July 24th.

Alexandria Real Estate Equities Stock Performance

NYSE ARE opened at $124.42 on Monday. The business’s 50 day moving average price is $118.58 and its 200-day moving average price is $119.85. Alexandria Real Estate Equities has a fifty-two week low of $90.73 and a fifty-two week high of $135.45. The company has a market cap of $21.76 billion, a P/E ratio of 116.28, a P/E/G ratio of 4.20 and a beta of 1.16. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.23 and a current ratio of 0.23.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $2.34 by ($2.09). Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. The firm had revenue of $766.70 million for the quarter, compared to the consensus estimate of $775.03 million. During the same quarter last year, the firm earned $2.24 EPS. The company’s revenue was up 7.4% on a year-over-year basis. Sell-side analysts predict that Alexandria Real Estate Equities will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a dividend of $1.30 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $5.20 annualized dividend and a dividend yield of 4.18%. Alexandria Real Estate Equities’s dividend payout ratio is currently 485.99%.

Institutional Investors Weigh In On Alexandria Real Estate Equities

Several large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC increased its holdings 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 valued at $30,000 after buying an additional 171 shares during the period. Mather Group LLC. purchased a new stake in Alexandria Real Estate Equities during the first quarter worth $30,000. UMB Bank n.a. boosted its position in Alexandria Real Estate Equities by 132.8% during the 2nd quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 154 shares in the last quarter. Rothschild Investment LLC purchased a new position in shares of Alexandria Real Estate Equities in the 2nd quarter valued at $33,000. Finally, Riverview Trust Co bought a new position in shares of Alexandria Real Estate Equities in the 1st quarter worth $37,000. 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.