Alexandria Real Estate Equities, Inc. (NYSE:ARE) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) have received an average rating of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $137.13.

A number of brokerages recently weighed in on ARE. Deutsche Bank Aktiengesellschaft began coverage on shares of Alexandria Real Estate Equities in a research report on Tuesday, January 30th. They set a “buy” rating and a $140.00 price objective on the stock. StockNews.com upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Mizuho increased 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 research report on Wednesday, January 3rd. Wedbush restated an “outperform” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 31st. Finally, JMP Securities reiterated a “market outperform” rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 31st.

Alexandria Real Estate Equities Price Performance

Shares of ARE opened at $119.52 on Friday. The stock has a market cap of $20.91 billion, a PE ratio of 221.34, a price-to-earnings-growth ratio of 2.64 and a beta of 1.05. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.26 and a current ratio of 0.26. Alexandria Real Estate Equities has a fifty-two week low of $90.73 and a fifty-two week high of $135.45. The firm’s 50-day simple moving average is $122.95 and its two-hundred day simple moving average is $116.97.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Tuesday, January 30th. The real estate investment trust reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of $2.29 by ($2.83). Alexandria Real Estate Equities had a net margin of 3.59% and a return on equity of 0.46%. The firm had revenue of $757.22 million for the quarter, compared to analysts’ expectations of $740.16 million. During the same quarter in the previous year, the company earned $2.14 EPS. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. Analysts anticipate that Alexandria Real Estate Equities will post 9.47 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a $1.27 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $5.08 annualized dividend and a dividend yield of 4.25%. Alexandria Real Estate Equities’s payout ratio is presently 940.76%.

Insider Buying and Selling

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

Hedge Funds Weigh In On Alexandria Real Estate Equities

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ARE. Rational Advisors LLC acquired a new stake in shares of Alexandria Real Estate Equities in the first quarter valued at about $48,000. Bank of Stockton raised its position in shares of Alexandria Real Estate Equities by 7.2% in the first quarter. Bank of Stockton now owns 3,933 shares of the real estate investment trust’s stock valued at $507,000 after buying an additional 265 shares during the last quarter. PFG Investments LLC raised its position in shares of Alexandria Real Estate Equities by 9.9% in the first quarter. PFG Investments LLC now owns 2,277 shares of the real estate investment trust’s stock valued at $294,000 after buying an additional 206 shares during the last quarter. IFM Investors Pty Ltd raised its position in shares of Alexandria Real Estate Equities by 3.0% in the first quarter. IFM Investors Pty Ltd now owns 34,620 shares of the real estate investment trust’s stock valued at $4,463,000 after buying an additional 1,009 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC raised its position in shares of Alexandria Real Estate Equities by 56.0% in the first quarter. Ashton Thomas Private Wealth LLC now owns 10,775 shares of the real estate investment trust’s stock valued at $1,389,000 after buying an additional 3,868 shares during the last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.

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.