Brokerages Set Alexandria Real Estate Equities, Inc. (NYSE:ARE) PT at $116.00

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Get Free Report) have been assigned an average rating of "Hold" from the eleven ratings firms that are covering the firm, Marketbeat reports. Nine equities 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 target among analysts that have issued ratings on the stock in the last year is $116.00.

ARE has been the subject of a number of research analyst reports. JMP Securities reiterated a "market outperform" rating and set a $130.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, April 30th. Jefferies Financial Group started coverage on Alexandria Real Estate Equities in a research report on Monday, March 17th. They issued a "hold" rating and a $100.00 target price for the company. JPMorgan Chase & Co. dropped their target price on Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating for the company in a research report on Tuesday, May 20th. Finally, Wall Street Zen raised Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd.

Alexandria Real Estate Equities Price Performance

Shares of ARE stock traded down $0.35 during trading hours on Wednesday, hitting $70.87. 1,657,602 shares of the company's stock were exchanged, compared to its average volume of 1,327,249. 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 firm has a market cap of $12.26 billion, a P/E ratio of 93.25, a P/E/G ratio of 5.97 and a beta of 1.25. The firm has a 50 day moving average of $73.01 and a two-hundred day moving average of $89.00. Alexandria Real Estate Equities has a fifty-two week low of $67.37 and a fifty-two week high of $130.14.

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

Alexandria Real Estate Equities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 7.45%. The ex-dividend date of this dividend is Monday, June 30th. Alexandria Real Estate Equities's payout ratio is presently 694.74%.

Hedge Funds 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 boosted its stake in shares of Alexandria Real Estate Equities by 10.7% in the 1st quarter. Inspire Investing LLC now owns 20,055 shares of the real estate investment trust's stock valued at $1,855,000 after buying an additional 1,934 shares during the period. Strs Ohio purchased a new stake in Alexandria Real Estate Equities during the first quarter worth approximately $41,457,000. Mattson Financial Services LLC lifted its stake in Alexandria Real Estate Equities by 32.3% during the first quarter. Mattson Financial Services LLC now owns 9,562 shares of the real estate investment trust's stock worth $885,000 after purchasing an additional 2,335 shares during the last quarter. Focus Partners Wealth lifted its stake in Alexandria Real Estate Equities by 171.5% during the first quarter. Focus Partners Wealth now owns 6,591 shares of the real estate investment trust's stock worth $610,000 after purchasing an additional 4,163 shares during the last quarter. Finally, Anchor Investment Management LLC purchased a new stake in Alexandria Real Estate Equities during the first quarter worth approximately $156,000. Hedge funds and other institutional investors own 96.54% of the company's stock.

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.