Alexandria Real Estate Equities, Inc. (NYSE:ARE) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Alexandria Real Estate Equities, Inc. has received a consensus rating of "Hold" from thirteen research firms, with three analysts advising to sell, six to hold, and four to buy.
• The company's stock price target has varied among analysts, ranging from $79.00 to $100.00, with an average target of $95.87.
• Alexandria recently announced a quarterly dividend of $1.32 per share, translating to a 6.9% dividend yield, alongside a significant payout ratio of -4,061.54%.

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Get Free Report) have been given a consensus rating of "Hold" by the thirteen research firms that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $95.8667.

A number of equities research analysts recently commented on ARE shares. BMO Capital Markets started coverage on Alexandria Real Estate Equities in a research report on Tuesday, September 23rd. They issued an "outperform" rating and a $100.00 price target for the company. Cantor Fitzgerald lowered their price target on Alexandria Real Estate Equities from $88.00 to $79.00 and set a "neutral" rating for the company in a research report on Monday, October 13th. Royal Bank Of Canada lowered their price target on Alexandria Real Estate Equities from $100.00 to $98.00 and set a "sector perform" rating for the company in a research report on Tuesday, July 29th. BNP Paribas Exane reissued an "underperform" rating on shares of Alexandria Real Estate Equities in a research report on Wednesday, October 1st. Finally, Jefferies Financial Group started coverage on Alexandria Real Estate Equities in a research report on Monday, October 6th. They issued a "hold" rating and a $80.00 price target for the company.

Alexandria Real Estate Equities Price Performance

Shares of NYSE:ARE opened at $76.78 on Tuesday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.61. Alexandria Real Estate Equities has a twelve month low of $67.37 and a twelve month high of $121.70. The stock's 50 day moving average is $80.89 and its 200-day moving average is $76.94. The firm has a market capitalization of $13.28 billion, a price-to-earnings ratio of -590.59, a PEG ratio of 6.30 and a beta of 1.31.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its earnings results on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share for the quarter, topping analysts' consensus estimates of $2.29 by $0.04. Alexandria Real Estate Equities had a negative return on equity of 0.05% and a negative net margin of 0.33%.The company had revenue of $737.28 million for the quarter, compared to analyst estimates of $748.02 million. During the same period in the prior year, the firm earned $2.36 earnings per share. Alexandria Real Estate Equities's revenue for the quarter was down .6% on a year-over-year basis. Sell-side analysts forecast that Alexandria Real Estate Equities will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a dividend of $1.32 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $5.28 annualized dividend and a dividend yield of 6.9%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is currently -4,061.54%.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Several institutional investors have recently added to or reduced their stakes in the stock. Private Trust Co. NA raised its position in Alexandria Real Estate Equities by 19.2% in the first quarter. Private Trust Co. NA now owns 925 shares of the real estate investment trust's stock worth $86,000 after acquiring an additional 149 shares during the period. IFM Investors Pty Ltd raised its position in Alexandria Real Estate Equities by 0.3% in the third quarter. IFM Investors Pty Ltd now owns 58,544 shares of the real estate investment trust's stock worth $4,909,000 after acquiring an additional 150 shares during the period. Presima Securities ULC raised its position in Alexandria Real Estate Equities by 1.4% in the first quarter. Presima Securities ULC now owns 11,895 shares of the real estate investment trust's stock worth $1,100,000 after acquiring an additional 170 shares during the period. Kaufman Rossin Wealth LLC raised its position in Alexandria Real Estate Equities by 6.3% in the third quarter. Kaufman Rossin Wealth LLC now owns 2,954 shares of the real estate investment trust's stock worth $246,000 after acquiring an additional 174 shares during the period. Finally, CX Institutional raised its position in Alexandria Real Estate Equities by 13.8% in the second quarter. CX Institutional now owns 1,445 shares of the real estate investment trust's stock worth $105,000 after acquiring an additional 175 shares during the period. Institutional investors own 96.54% of the company's stock.

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.

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