Analysts 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%.

Alexandria Real Estate Equities, Inc. (NYSE:ARE - Get Free Report) has been given a consensus recommendation of "Hold" by the eleven research firms that are covering the stock, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $97.1667.

A number of equities analysts have commented on ARE shares. Mizuho decreased their price target on Alexandria Real Estate Equities from $121.00 to $91.00 in a research note on Thursday, June 12th. Wedbush cut their target price on shares of Alexandria Real Estate Equities from $104.00 to $76.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Evercore ISI lowered their price target on shares of Alexandria Real Estate Equities from $103.00 to $91.00 in a report on Wednesday, April 30th. BNP Paribas Exane cut their price target on shares of Alexandria Real Estate Equities from $111.00 to $85.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 30th.

Alexandria Real Estate Equities Trading Down 0.5%

Shares of Alexandria Real Estate Equities stock traded down $0.36 during trading on Thursday, reaching $74.20. The company's stock had a trading volume of 914,915 shares, compared to its average volume of 1,741,159. 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 52-week low of $67.37 and a 52-week high of $125.63. The firm's 50-day moving average is $75.42 and its two-hundred day moving average is $82.81. The company has a market cap of $12.83 billion, a price-to-earnings ratio of -570.78, a PEG ratio of 6.25 and a beta of 1.24.

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

Alexandria Real Estate Equities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a dividend of $1.32 per share. The ex-dividend date was Monday, June 30th. This represents a $5.28 annualized dividend and a dividend yield of 7.1%. Alexandria Real Estate Equities's payout ratio is currently -4,061.54%.

Institutional Trading of Alexandria Real Estate Equities

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE increased its holdings in Alexandria Real Estate Equities by 218.1% in the 4th quarter. Bank of America Corp DE now owns 1,164,554 shares of the real estate investment trust's stock worth $113,602,000 after buying an additional 798,438 shares in the last quarter. Private Trust Co. NA raised its holdings in shares of Alexandria Real Estate Equities by 19.2% during the first quarter. Private Trust Co. NA now owns 925 shares of the real estate investment trust's stock valued at $86,000 after purchasing an additional 149 shares during the last quarter. ProShare Advisors LLC lifted its position in Alexandria Real Estate Equities by 53.8% during 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 purchasing an additional 15,012 shares during the period. American Assets Investment Management LLC bought a new position in Alexandria Real Estate Equities during the first quarter valued at approximately $569,000. Finally, Cetera Investment Advisers raised its stake 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 valued at $2,534,000 after buying an additional 6,741 shares during the last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.

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.