Brokerages Set Alexandria Real Estate Equities, Inc. (NYSE:ARE) Target Price at $97.17

Key Points

• Alexandria Real Estate Equities, Inc. has been given a consensus recommendation of "Hold" by analysts, with nine holding and two buy ratings among the eleven analysts covering the firm.
• The average twelve-month price target for the stock among brokerages is $97.17, significantly lower than recent price targets set by various analysts.
• The company recently declared a quarterly dividend of $1.32 per share, representing an annual yield of 7.2%, despite a negative dividend payout ratio of -4,061.54%.

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Get Free Report) have received an average rating of "Hold" from the eleven analysts that are covering the company, Marketbeat reports. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $97.1667.

A number of equities analysts have weighed in on the stock. Baird R W reduced their price objective on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a research report on Thursday, June 12th. Jefferies Financial Group reduced their price target on shares of Alexandria Real Estate Equities from $100.00 to $82.00 in a research report on Friday, April 11th. Royal Bank Of Canada lowered their price objective on Alexandria Real Estate Equities from $100.00 to $98.00 and set a "sector perform" rating on the stock in a report on Tuesday, July 29th. JPMorgan Chase & Co. reduced their target price 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. Finally, BNP Paribas Exane decreased their target price on Alexandria Real Estate Equities from $111.00 to $85.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE raised its position in 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. Private Trust Co. NA raised its holdings in Alexandria Real Estate Equities by 19.2% in the 1st quarter. Private Trust Co. NA now owns 925 shares of the real estate investment trust's stock valued at $86,000 after buying an additional 149 shares during the period. ProShare Advisors LLC lifted its position in Alexandria Real Estate Equities by 53.8% in the fourth quarter. ProShare Advisors LLC now owns 42,925 shares of the real estate investment trust's stock valued at $4,187,000 after buying an additional 15,012 shares during the last quarter. Cetera Investment Advisers lifted its position in Alexandria Real Estate Equities by 35.0% in the fourth quarter. Cetera Investment Advisers now owns 25,980 shares of the real estate investment trust's stock valued at $2,534,000 after buying an additional 6,741 shares during the last quarter. Finally, American Assets Investment Management LLC purchased a new position in Alexandria Real Estate Equities during the first quarter worth about $569,000. Institutional investors and hedge funds own 96.54% of the company's stock.

Alexandria Real Estate Equities Stock Performance

NYSE:ARE traded up $0.67 during midday trading on Thursday, hitting $74.52. The company's stock had a trading volume of 2,092,807 shares, compared to its average volume of 1,707,649. Alexandria Real Estate Equities has a fifty-two week low of $67.37 and a fifty-two week high of $125.63. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.23 and a quick ratio of 0.23. The firm has a market cap of $12.89 billion, a P/E ratio of -573.19, a P/E/G ratio of 6.22 and a beta of 1.24. The firm's 50 day moving average is $75.34 and its 200-day moving average is $83.13.

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

Alexandria Real Estate Equities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a $1.32 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $5.28 dividend on an annualized basis and a dividend yield of 7.1%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is -4,061.54%.

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.