Alexandria Real Estate Equities, Inc. (NYSE:ARE) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

ARE has been the subject of several other reports. Barclays PLC increased their price target on Alexandria Real Estate Equities from $126.00 to $129.00 and gave the company an “overweight” rating in a research report on Wednesday, April 19th. Zacks Investment Research cut Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research report on Tuesday, April 4th. TheStreet raised Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a research report on Monday, May 1st. Mizuho reissued a “buy” rating and set a $125.00 price target on shares of Alexandria Real Estate Equities in a research report on Monday, March 20th. Finally, Evercore ISI cut Alexandria Real Estate Equities to a “buy” rating in a research report on Friday, March 3rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. Alexandria Real Estate Equities presently has an average rating of “Buy” and a consensus target price of $118.88.

Analyst Recommendations for Alexandria Real Estate Equities (NYSE:ARE)

Shares of Alexandria Real Estate Equities (NYSE:ARE) traded down 0.16% on Thursday, hitting $120.60. The company had a trading volume of 1,661,088 shares. Alexandria Real Estate Equities has a 12-month low of $96.63 and a 12-month high of $121.25. The firm’s market capitalization is $10.98 billion. The firm has a 50 day moving average of $117.18 and a 200-day moving average of $113.61.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, May 1st. The real estate investment trust reported $1.48 EPS for the quarter, beating the consensus estimate of $1.45 by $0.03. Alexandria Real Estate Equities had a positive return on equity of 0.22% and a negative net margin of 5.03%. The firm had revenue of $270.90 million during the quarter, compared to analysts’ expectations of $261.67 million. During the same period in the prior year, the firm posted $1.34 earnings per share. The business’s quarterly revenue was up 25.4% compared to the same quarter last year. On average, equities analysts predict that Alexandria Real Estate Equities will post $1.62 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be given a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.85%. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Wednesday, June 28th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently -198.80%.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another website, it was copied illegally and reposted in violation of US and international trademark and copyright legislation. The original version of this piece of content can be read at https://www.americanbankingnews.com/2017/06/24/alexandria-real-estate-equities-inc-are-upgraded-at-bidaskclub.html.

In other news, COO Stephen Richardson sold 7,500 shares of the stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $117.51, for a total transaction of $881,325.00. Following the transaction, the chief operating officer now owns 108,472 shares in the company, valued at $12,746,544.72. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Joel S. Marcus sold 14,000 shares of the stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $112.92, for a total value of $1,580,880.00. Following the transaction, the chief executive officer now owns 723,829 shares in the company, valued at approximately $81,734,770.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,924 shares of company stock valued at $4,158,244. Insiders own 1.60% of the company’s stock.

Several institutional investors have recently made changes to their positions in ARE. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Alexandria Real Estate Equities by 4.1% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,040 shares of the real estate investment trust’s stock worth $115,000 after buying an additional 41 shares during the period. 1st Global Advisors Inc. raised its position in shares of Alexandria Real Estate Equities by 1.1% in the first quarter. 1st Global Advisors Inc. now owns 5,368 shares of the real estate investment trust’s stock worth $593,000 after buying an additional 57 shares during the period. Mn Services Vermogensbeheer B.V. raised its position in shares of Alexandria Real Estate Equities by 5.0% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,118 shares of the real estate investment trust’s stock worth $219,000 after buying an additional 100 shares during the period. Stifel Financial Corp raised its position in shares of Alexandria Real Estate Equities by 2.8% in the first quarter. Stifel Financial Corp now owns 3,637 shares of the real estate investment trust’s stock worth $402,000 after buying an additional 100 shares during the period. Finally, Atria Investments LLC raised its position in shares of Alexandria Real Estate Equities by 5.2% in the first quarter. Atria Investments LLC now owns 2,369 shares of the real estate investment trust’s stock worth $262,000 after buying an additional 117 shares during the period.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc is a real estate investment (REIT). The Company is engaged in the business of providing space for lease to the life science and technology industries. It focuses on collaborative life science and technology campuses. It develops urban cluster campuses and ecosystems.

Receive News & Ratings for Alexandria Real Estate Equities Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alexandria Real Estate Equities Inc. and related companies with MarketBeat.com's FREE daily email newsletter.