Alexandria Real Estate Equities Inc (ARE) Receives Consensus Recommendation of “Buy” from Brokerages

Alexandria Real Estate Equities Inc (NYSE:ARE) has earned an average recommendation of “Buy” from the ten brokerages that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $101.05.

Several research firms have commented on ARE. Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $143.00 price objective for the company in a research report on Tuesday. Canaccord Genuity reiterated a “buy” rating and set a $20.37 price objective on shares of Alexandria Real Estate Equities in a research report on Monday, December 11th. Bank of America upgraded shares of Alexandria Real Estate Equities from a “neutral” rating to a “buy” rating and set a $133.00 price objective for the company in a research report on Monday, December 4th. Mizuho reiterated a “buy” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, November 1st. Finally, National Bank Financial lowered shares of Alexandria Real Estate Equities from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $20.00 to $18.00 in a research report on Monday, October 23rd.

Alexandria Real Estate Equities (NYSE:ARE) traded down $0.50 during mid-day trading on Friday, reaching $126.47. 365,743 shares of the company’s stock traded hands, compared to its average volume of 836,578. Alexandria Real Estate Equities has a fifty-two week low of $106.89 and a fifty-two week high of $134.37. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $12,800.00, a price-to-earnings ratio of 143.72, a P/E/G ratio of 2.86 and a beta of 0.84.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.51 by ($0.96). Alexandria Real Estate Equities had a net margin of 13.21% and a return on equity of 3.69%. The business had revenue of $285.60 million for the quarter, compared to the consensus estimate of $286.11 million. During the same quarter last year, the business earned $1.39 EPS. Alexandria Real Estate Equities’s revenue for the quarter was up 24.0% compared to the same quarter last year. research analysts anticipate that Alexandria Real Estate Equities will post 6.02 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Friday, December 29th were paid a $0.90 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $3.60 annualized dividend and a dividend yield of 2.85%. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $0.86. Alexandria Real Estate Equities’s dividend payout ratio is currently 409.09%.

In other news, insider Peter M. Moglia sold 1,750 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of $130.00, for a total value of $227,500.00. Following the sale, the insider now owns 115,117 shares of the company’s stock, valued at $14,965,210. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Thomas J. Andrews sold 5,000 shares of the stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $125.26, for a total transaction of $626,300.00. Following the completion of the sale, the executive vice president now directly owns 146,916 shares in the company, valued at approximately $18,402,698.16. The disclosure for this sale can be found here. In the last three months, insiders sold 62,250 shares of company stock worth $7,986,230. Insiders own 1.60% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Piedmont Investment Advisors LLC raised its stake in shares of Alexandria Real Estate Equities by 0.3% in the second quarter. Piedmont Investment Advisors LLC now owns 2,843 shares of the real estate investment trust’s stock valued at $342,000 after acquiring an additional 8 shares during the period. Ameritas Investment Partners Inc. raised its stake in shares of Alexandria Real Estate Equities by 1.2% in the second quarter. Ameritas Investment Partners Inc. now owns 2,069 shares of the real estate investment trust’s stock valued at $249,000 after acquiring an additional 25 shares during the period. D.A. Davidson & CO. raised its stake in shares of Alexandria Real Estate Equities by 4.6% in the second quarter. D.A. Davidson & CO. now owns 3,861 shares of the real estate investment trust’s stock valued at $465,000 after acquiring an additional 169 shares during the period. Millie Capital Management LLC increased its stake in Alexandria Real Estate Equities by 0.8% in the 2nd quarter. Millie Capital Management LLC now owns 23,973 shares of the real estate investment trust’s stock worth $2,888,000 after buying an additional 186 shares during the period. Finally, New Mexico Educational Retirement Board increased its stake in Alexandria Real Estate Equities by 1.9% in the 3rd quarter. New Mexico Educational Retirement Board now owns 21,469 shares of the real estate investment trust’s stock worth $2,554,000 after buying an additional 400 shares during the period. 95.99% of the stock is currently owned by institutional investors and hedge funds.

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About Alexandria Real Estate Equities

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.

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

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