Brokerages Set Alexandria Real Estate Equities, Inc. (NYSE:ARE) Price Target at $121.90

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) have received a consensus rating of “Hold” from the eleven ratings firms that are presently covering the company, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $121.90.

Several brokerages recently weighed in on ARE. BMO Capital Markets raised Alexandria Real Estate Equities to a “hold” rating in a report on Wednesday, September 25th. Wedbush reaffirmed an “outperform” rating and set a $110.00 price target (down from $120.00) on shares of Alexandria Real Estate Equities in a report on Friday, December 6th. JMP Securities decreased their price target on Alexandria Real Estate Equities from $140.00 to $130.00 and set a “market outperform” rating for the company in a report on Friday, November 15th. Robert W. Baird decreased their price target on Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and decreased their price target for the stock from $135.00 to $112.00 in a report on Friday, November 15th.

Alexandria Real Estate Equities Stock Performance

Shares of ARE opened at $102.75 on Friday. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.56. The firm has a market cap of $17.96 billion, a PE ratio of 62.65, a price-to-earnings-growth ratio of 3.90 and a beta of 1.16. The company’s 50 day simple moving average is $102.65 and its 200-day simple moving average is $112.66. Alexandria Real Estate Equities has a 12-month low of $94.35 and a 12-month high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.38 by ($1.42). The business had revenue of $791.60 million for the quarter, compared to analysts’ expectations of $766.97 million. Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. The business’s revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the business posted $2.26 earnings per share. As a group, equities analysts predict that Alexandria Real Estate Equities will post 9.47 EPS for the current year.

Alexandria Real Estate Equities Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $1.32 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $5.28 dividend on an annualized basis and a yield of 5.14%. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 321.95%.

Alexandria Real Estate Equities declared that its board has initiated a stock repurchase program on Monday, December 9th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the real estate investment trust to reacquire up to 2.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ARE. Pathway Financial Advisers LLC raised its stake in shares of Alexandria Real Estate Equities by 11,449.8% during the 3rd quarter. Pathway Financial Advisers LLC now owns 1,423,630 shares of the real estate investment trust’s stock worth $169,056,000 after buying an additional 1,411,304 shares during the last quarter. National Bank of Canada FI raised its stake in shares of Alexandria Real Estate Equities by 350.0% during the 3rd quarter. National Bank of Canada FI now owns 341,357 shares of the real estate investment trust’s stock worth $40,536,000 after buying an additional 265,508 shares during the last quarter. Raymond James & Associates raised its stake in shares of Alexandria Real Estate Equities by 501.1% during the 3rd quarter. Raymond James & Associates now owns 290,857 shares of the real estate investment trust’s stock worth $34,539,000 after buying an additional 242,466 shares during the last quarter. BNP Paribas Financial Markets increased its position in Alexandria Real Estate Equities by 114.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 435,416 shares of the real estate investment trust’s stock worth $51,706,000 after purchasing an additional 232,817 shares in the last quarter. Finally, KBC Group NV increased its position in Alexandria Real Estate Equities by 315.9% during the 3rd quarter. KBC Group NV now owns 169,350 shares of the real estate investment trust’s stock worth $20,110,000 after purchasing an additional 128,634 shares in the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Company Profile

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.