Alexandria Real Estate Equities, Inc. (NYSE:ARE) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eight analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $137.13.

A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Alexandria Real Estate Equities in a report on Tuesday, January 30th. They set a "buy" rating and a $140.00 target price for the company. StockNews.com upgraded shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Thursday, March 21st. Mizuho raised their target price on shares of Alexandria Real Estate Equities from $145.00 to $154.00 and gave the stock a "buy" rating in a report on Wednesday, January 3rd. JMP Securities restated a "market outperform" rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 31st. Finally, Wedbush reaffirmed an "outperform" rating and issued a $140.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 31st.

Alexandria Real Estate Equities Price Performance

Shares of NYSE ARE traded down $0.81 during mid-day trading on Friday, reaching $115.70. 951,526 shares of the company traded hands, compared to its average volume of 999,192. Alexandria Real Estate Equities has a fifty-two week low of $90.73 and a fifty-two week high of $135.45. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.26 and a quick ratio of 0.26. The firm has a market cap of $20.24 billion, a PE ratio of 214.24, a price-to-earnings-growth ratio of 2.66 and a beta of 1.05. The stock has a fifty day simple moving average of $122.82 and a 200-day simple moving average of $116.29.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The real estate investment trust reported ($0.54) EPS for the quarter, missing analysts' consensus estimates of $2.29 by ($2.83). Alexandria Real Estate Equities had a net margin of 3.59% and a return on equity of 0.46%. The company had revenue of $757.22 million for the quarter, compared to analyst estimates of $740.16 million. During the same quarter in the prior year, the business earned $2.14 EPS. Alexandria Real Estate Equities's revenue was up 13.0% compared to the same quarter last year. Equities research analysts anticipate that Alexandria Real Estate Equities will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a dividend of $1.27 per share. This represents a $5.08 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date was Wednesday, March 27th. Alexandria Real Estate Equities's dividend payout ratio (DPR) is currently 940.76%.

Insider Buying and Selling at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus sold 7,500 shares of Alexandria Real Estate Equities stock in a transaction on Monday, February 26th. The shares were sold at an average price of $118.92, for a total transaction of $891,900.00. Following the completion of the sale, the chairman now owns 429,538 shares of the company's stock, valued at approximately $51,080,658.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Chairman Joel S. Marcus sold 7,500 shares of the firm's stock in a transaction on Monday, February 26th. The shares were sold at an average price of $118.92, for a total transaction of $891,900.00. Following the transaction, the chairman now owns 429,538 shares in the company, valued at approximately $51,080,658.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Peter M. Moglia sold 3,200 shares of the firm's stock in a transaction on Friday, March 1st. The shares were sold at an average price of $122.90, for a total transaction of $393,280.00. Following the transaction, the chief executive officer now owns 249,683 shares in the company, valued at approximately $30,686,040.70. The disclosure for this sale can be found here. Company insiders own 1.15% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. raised its holdings in Alexandria Real Estate Equities by 2.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,083 shares of the real estate investment trust's stock worth $449,000 after acquiring an additional 70 shares during the period. Seaport Global Advisors LLC grew its position in Alexandria Real Estate Equities by 7.5% in the 4th quarter. Seaport Global Advisors LLC now owns 1,047 shares of the real estate investment trust's stock worth $153,000 after purchasing an additional 73 shares during the last quarter. Cetera Advisor Networks LLC grew its position in Alexandria Real Estate Equities by 7.3% in the 1st quarter. Cetera Advisor Networks LLC now owns 1,086 shares of the real estate investment trust's stock worth $219,000 after purchasing an additional 74 shares during the last quarter. BOKF NA grew its position in Alexandria Real Estate Equities by 4.6% in the 4th quarter. BOKF NA now owns 1,758 shares of the real estate investment trust's stock worth $256,000 after purchasing an additional 77 shares during the last quarter. Finally, Fulton Bank N.A. grew its position in Alexandria Real Estate Equities by 4.2% in the 1st quarter. Fulton Bank N.A. now owns 2,074 shares of the real estate investment trust's stock worth $267,000 after purchasing an additional 83 shares during the last quarter. Institutional investors own 96.54% of the company's stock.

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.