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

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Get Free Report) have earned a consensus recommendation of "Hold" from the eleven research firms that are covering the company, MarketBeat Ratings reports. Nine analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $116.00.

ARE has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price target on shares of 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. Wedbush reiterated a "neutral" rating and issued a $104.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Jefferies Financial Group started coverage on Alexandria Real Estate Equities in a research note on Monday, March 17th. They issued a "hold" rating and a $100.00 price target for the company. Wall Street Zen upgraded Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. Finally, JMP Securities reiterated a "market outperform" rating and issued a $130.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 30th.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE increased its stake in shares of Alexandria Real Estate Equities by 218.1% in the fourth quarter. Bank of America Corp DE now owns 1,164,554 shares of the real estate investment trust's stock valued at $113,602,000 after purchasing an additional 798,438 shares during the period. ProShare Advisors LLC grew its holdings in Alexandria Real Estate Equities by 53.8% in the 4th quarter. ProShare Advisors LLC now owns 42,925 shares of the real estate investment trust's stock worth $4,187,000 after buying an additional 15,012 shares in the last quarter. Magnetar Financial LLC acquired a new position in Alexandria Real Estate Equities during the 4th quarter worth $968,000. Hahn Capital Management LLC boosted its position in Alexandria Real Estate Equities by 50.4% during the 4th quarter. Hahn Capital Management LLC now owns 68,370 shares of the real estate investment trust's stock worth $6,669,000 after acquiring an additional 22,926 shares during the period. Finally, Cetera Investment Advisers boosted its position in Alexandria Real Estate Equities by 35.0% during the 4th quarter. Cetera Investment Advisers now owns 25,980 shares of the real estate investment trust's stock worth $2,534,000 after acquiring an additional 6,741 shares during the period. Institutional investors and hedge funds own 96.54% of the company's stock.

Alexandria Real Estate Equities Stock Up 2.1%

Shares of NYSE ARE traded up $1.50 on Friday, hitting $71.17. The company had a trading volume of 232,794 shares, compared to its average volume of 1,285,779. The firm has a market capitalization of $12.31 billion, a P/E ratio of 39.56, a PEG ratio of 3.93 and a beta of 1.27. Alexandria Real Estate Equities has a 12-month low of $67.37 and a 12-month high of $130.14. The business has a 50 day moving average of $77.98 and a two-hundred day moving average of $92.83. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55.

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

Alexandria Real Estate Equities Dividend Announcement

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