Analysts Set Alexandria Real Estate Equities, Inc. (NYSE:ARE) PT at $121.30

Alexandria Real Estate Equities, Inc. (NYSE:ARE) has been assigned an average rating of “Hold” from the eleven ratings firms that are currently covering the firm, MarketBeat.com reports. Nine research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $121.30.

ARE has been the subject of several analyst reports. StockNews.com raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Wednesday. JMP Securities reaffirmed a “market outperform” rating and set a $130.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. JPMorgan Chase & Co. lowered shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $133.00 to $121.00 in a research report on Wednesday, November 27th. Wedbush reaffirmed a “neutral” rating and set a $104.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada reduced their target price on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating on the stock in a research report on Tuesday, December 17th.

Alexandria Real Estate Equities Stock Down 1.0 %

Shares of NYSE ARE opened at $94.86 on Thursday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.21. The company has a market cap of $16.42 billion, a P/E ratio of 52.70, a PEG ratio of 3.67 and a beta of 1.16. Alexandria Real Estate Equities has a 1 year low of $93.25 and a 1 year high of $130.14. The firm has a 50-day simple moving average of $98.70 and a two-hundred day simple moving average of $109.58.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $1.48. Alexandria Real Estate Equities had a net margin of 10.36% and a return on equity of 1.43%. Research analysts anticipate that Alexandria Real Estate Equities will post 9.34 earnings per share for the current year.

Alexandria Real Estate Equities Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a yield of 5.57%. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Tuesday, December 31st. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 293.33%.

Alexandria Real Estate Equities declared that its Board of Directors has initiated a stock buyback plan on Monday, December 9th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to purchase up to 2.7% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Several institutional investors have recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV purchased a new position in Alexandria Real Estate Equities in the fourth quarter worth $407,000. Schonfeld Strategic Advisors LLC lifted its position in Alexandria Real Estate Equities by 3,106.8% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 183,940 shares of the real estate investment trust’s stock valued at $17,943,000 after purchasing an additional 178,204 shares during the period. AQR Capital Management LLC raised its position in shares of Alexandria Real Estate Equities by 495.8% in the fourth quarter. AQR Capital Management LLC now owns 248,047 shares of the real estate investment trust’s stock worth $24,108,000 after acquiring an additional 206,412 shares during the period. Lido Advisors LLC raised its position in shares of Alexandria Real Estate Equities by 19.4% in the fourth quarter. Lido Advisors LLC now owns 5,527 shares of the real estate investment trust’s stock worth $546,000 after acquiring an additional 898 shares during the period. Finally, Northern Trust Corp raised its position in shares of Alexandria Real Estate Equities by 67.9% in the fourth quarter. Northern Trust Corp now owns 2,565,406 shares of the real estate investment trust’s stock worth $250,255,000 after acquiring an additional 1,037,413 shares during the period. 96.54% of the stock is owned by hedge funds and other institutional investors.

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.