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

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Get Free Report) have been assigned a consensus recommendation of "Hold" from the twelve research firms that are covering the firm, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $99.54.

Several brokerages have recently issued reports on ARE. 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. Baird R W decreased their price target on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a research note on Thursday, June 12th. BNP Paribas Exane decreased 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 research note on Tuesday, April 29th. Jefferies Financial Group decreased their price target on shares of Alexandria Real Estate Equities from $100.00 to $82.00 in a research note on Friday, April 11th. Finally, 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 on the stock in a research note on Tuesday, May 20th.

Hedge Funds Weigh In On Alexandria Real Estate Equities

A number of institutional investors have recently bought and sold shares of ARE. Kaufman Rossin Wealth LLC acquired a new stake in shares of Alexandria Real Estate Equities during the second quarter valued at about $202,000. CX Institutional increased its position in shares of Alexandria Real Estate Equities by 13.8% during the second quarter. CX Institutional now owns 1,445 shares of the real estate investment trust's stock valued at $105,000 after acquiring an additional 175 shares during the last quarter. UMB Bank n.a. increased its position in shares of Alexandria Real Estate Equities by 233.3% during the second quarter. UMB Bank n.a. now owns 1,180 shares of the real estate investment trust's stock valued at $86,000 after acquiring an additional 826 shares during the last quarter. Phillips Wealth Planners LLC acquired a new stake in shares of Alexandria Real Estate Equities during the second quarter valued at about $284,000. Finally, Three Seasons Wealth LLC acquired a new stake in shares of Alexandria Real Estate Equities during the second quarter valued at about $633,000. 96.54% of the stock is owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Stock Up 0.4%

ARE stock opened at $79.64 on Friday. The firm has a market cap of $13.78 billion, a PE ratio of 104.79, a P/E/G ratio of 6.71 and a beta of 1.25. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.22 and a current ratio of 0.22. The firm's fifty day moving average is $72.66 and its 200 day moving average is $85.66. Alexandria Real Estate Equities has a one year low of $67.37 and a one year high of $130.14.

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 EPS for the quarter, beating the consensus estimate of $2.28 by $0.02. Alexandria Real Estate Equities had a net margin of 4.62% and a return on equity of 0.64%. The company had revenue of $758.16 million for the quarter, compared to analyst estimates of $755.64 million. During the same quarter last year, the business earned $2.35 earnings per share. The firm's revenue was down 1.4% on a year-over-year basis. On average, research analysts forecast that Alexandria Real Estate Equities will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a yield of 6.63%. The ex-dividend date of this dividend is Monday, June 30th. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently 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.

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