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

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Get Free Report) have earned an average recommendation of "Hold" from the eleven analysts that are presently covering the firm, MarketBeat reports. Nine equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $116.00.

Several research firms have recently issued reports on ARE. Wall Street Zen raised Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. Jefferies Financial Group initiated coverage on Alexandria Real Estate Equities in a research report on Monday, March 17th. They set a "hold" rating and a $100.00 price objective for the company. JPMorgan Chase & Co. dropped their price objective 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. JMP Securities restated a "market outperform" rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 30th. Finally, Wedbush restated a "neutral" rating and set a $104.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th.

Institutional Investors Weigh In On Alexandria Real Estate Equities

Large investors have recently added to or reduced their stakes in the business. Proficio Capital Partners LLC acquired a new stake in Alexandria Real Estate Equities during the fourth quarter worth approximately $29,000. EverSource Wealth Advisors LLC grew its stake in Alexandria Real Estate Equities by 57.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 109 shares during the period. Colonial Trust Co SC grew its stake in Alexandria Real Estate Equities by 514.3% during the fourth quarter. Colonial Trust Co SC now owns 301 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 252 shares during the period. Tsfg LLC acquired a new stake in Alexandria Real Estate Equities in the first quarter valued at approximately $30,000. Finally, Avalon Trust Co acquired a new stake in Alexandria Real Estate Equities in the first quarter valued at approximately $32,000. Institutional investors and hedge funds own 96.54% of the company's stock.

Alexandria Real Estate Equities Price Performance

Shares of ARE traded up $1.53 during trading hours on Friday, hitting $71.20. 1,587,330 shares of the company were exchanged, compared to its average volume of 1,293,370. The company has a market cap of $12.32 billion, a price-to-earnings ratio of 39.55, a P/E/G ratio of 3.93 and a beta of 1.27. Alexandria Real Estate Equities has a fifty-two week low of $67.37 and a fifty-two week high of $130.14. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55. The firm's fifty day moving average is $77.45 and its 200 day moving average is $92.55.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its earnings results on Monday, April 28th. The real estate investment trust reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.28 by $0.02. The company had revenue of $758.16 million for the quarter, compared to analyst estimates of $755.64 million. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. Alexandria Real Estate Equities's quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.35 EPS. On average, equities analysts anticipate that Alexandria Real Estate Equities will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $1.32 per share. The ex-dividend date was Monday, March 31st. This represents a $5.28 annualized dividend and a yield of 7.42%. Alexandria Real Estate Equities's dividend payout ratio is currently 694.74%.

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.