Alexandria Real Estate Equities, Inc. (NYSE:ARE) Receives $116.00 Average Price Target from Analysts

Alexandria Real Estate Equities, Inc. (NYSE:ARE - Get Free Report) has received an average rating of "Hold" from the eleven brokerages that are currently covering the firm, Marketbeat.com reports. Nine analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $116.00.

A number of equities analysts recently weighed in on the company. Wall Street Zen raised Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. JPMorgan Chase & Co. reduced their price target on Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating for the company in a report on Tuesday, May 20th. Jefferies Financial Group assumed coverage on Alexandria Real Estate Equities in a report on Monday, March 17th. They issued a "hold" rating and a $100.00 price target for the company. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $130.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, April 30th.

Institutional Investors Weigh In On Alexandria Real Estate Equities

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Inspire Investing LLC increased its holdings in shares of Alexandria Real Estate Equities by 10.7% in the first quarter. Inspire Investing LLC now owns 20,055 shares of the real estate investment trust's stock valued at $1,855,000 after purchasing an additional 1,934 shares during the last quarter. Strs Ohio acquired a new stake in shares of Alexandria Real Estate Equities in the first quarter valued at approximately $41,457,000. Mattson Financial Services LLC increased its holdings in shares of Alexandria Real Estate Equities by 32.3% in the first quarter. Mattson Financial Services LLC now owns 9,562 shares of the real estate investment trust's stock valued at $885,000 after purchasing an additional 2,335 shares during the last quarter. Focus Partners Wealth increased its holdings in shares of Alexandria Real Estate Equities by 171.5% in the first quarter. Focus Partners Wealth now owns 6,591 shares of the real estate investment trust's stock valued at $610,000 after purchasing an additional 4,163 shares during the last quarter. Finally, Anchor Investment Management LLC acquired a new stake in shares of Alexandria Real Estate Equities in the first quarter valued at approximately $156,000. Institutional investors and hedge funds own 96.54% of the company's stock.

Alexandria Real Estate Equities Stock Performance

Shares of ARE traded up $0.52 during mid-day trading on Wednesday, reaching $71.40. The company had a trading volume of 3,294,902 shares, compared to its average volume of 1,334,990. Alexandria Real Estate Equities has a 52-week low of $67.37 and a 52-week high of $130.14. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $12.35 billion, a P/E ratio of 93.95, a PEG ratio of 6.01 and a beta of 1.25. The stock has a 50 day moving average of $72.83 and a two-hundred day moving average of $88.36.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its earnings results on Monday, April 28th. The real estate investment trust reported $2.30 EPS for the quarter, topping analysts' consensus estimates of $2.28 by $0.02. The firm had revenue of $758.16 million for the quarter, compared to the consensus estimate of $755.64 million. Alexandria Real Estate Equities had a return on equity of 0.64% and a net margin of 4.62%. The company's revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.35 earnings per share. On average, analysts expect that Alexandria Real Estate Equities will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $1.32 dividend. The ex-dividend date is Monday, June 30th. This represents a $5.28 annualized dividend and a dividend yield of 7.39%. Alexandria Real Estate Equities's dividend payout ratio is presently 694.74%.

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.