Alexandria Real Estate Equities, Inc. (NYSE:ARE) Given Average Rating of "Moderate Buy" by Brokerages

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Get Free Report) have received an average recommendation of "Moderate Buy" from the eight ratings firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $136.75.

Several research firms recently commented on ARE. JMP Securities reiterated a "market outperform" rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 31st. StockNews.com upgraded shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research note on Thursday, March 21st. Wedbush restated an "outperform" rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 24th. Evercore ISI cut their price target on shares of Alexandria Real Estate Equities from $137.00 to $132.00 and set an "outperform" rating on the stock in a research note on Thursday, April 25th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Alexandria Real Estate Equities in a research note on Tuesday, January 30th. They set a "buy" rating and a $140.00 price target on the stock.

Alexandria Real Estate Equities Stock Up 2.7 %

Shares of ARE traded up $3.29 during mid-day trading on Tuesday, hitting $124.01. The company's stock had a trading volume of 690,530 shares, compared to its average volume of 959,101. The company's 50-day moving average is $122.39 and its 200-day moving average is $119.08. Alexandria Real Estate Equities has a 52-week low of $90.73 and a 52-week high of $135.45. The firm has a market capitalization of $21.69 billion, a price-to-earnings ratio of 116.17, a PEG ratio of 2.33 and a beta of 1.07. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.54.

Alexandria Real Estate Equities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a dividend of $1.27 per share. This represents a $5.08 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date of this dividend was Wednesday, March 27th. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently 474.77%.

Insider Buying and Selling

In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus sold 7,500 shares of the 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 directly owns 429,538 shares of the company's stock, valued at $51,080,658.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Chairman Joel S. Marcus sold 7,500 shares of the business's stock in a transaction dated 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 directly owns 429,538 shares in the company, valued at $51,080,658.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Peter M. Moglia sold 3,200 shares of the business's stock in a transaction dated Friday, March 1st. The stock was 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 $30,686,040.70. The disclosure for this sale can be found here. 1.15% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Alexandria Real Estate Equities

A number of institutional investors and hedge funds have recently bought and sold shares of ARE. Stamos Capital Partners L.P. raised its stake in Alexandria Real Estate Equities by 24.9% during the first quarter. Stamos Capital Partners L.P. now owns 9,690 shares of the real estate investment trust's stock worth $1,249,000 after purchasing an additional 1,930 shares during the period. CANADA LIFE ASSURANCE Co raised its stake in shares of Alexandria Real Estate Equities by 2.9% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 321,624 shares of the real estate investment trust's stock valued at $41,482,000 after acquiring an additional 9,187 shares during the period. American International Group Inc. raised its stake in shares of Alexandria Real Estate Equities by 0.4% in the 1st quarter. American International Group Inc. now owns 41,313 shares of the real estate investment trust's stock valued at $5,326,000 after acquiring an additional 176 shares during the period. UniSuper Management Pty Ltd raised its stake in shares of Alexandria Real Estate Equities by 1.5% in the 1st quarter. UniSuper Management Pty Ltd now owns 570,084 shares of the real estate investment trust's stock valued at $73,490,000 after acquiring an additional 8,378 shares during the period. Finally, Clearbridge Investments LLC raised its stake in shares of Alexandria Real Estate Equities by 6.3% in the 1st quarter. Clearbridge Investments LLC now owns 450,275 shares of the real estate investment trust's stock valued at $58,045,000 after acquiring an additional 26,860 shares during the period. 96.54% of the stock is currently owned by institutional investors and hedge funds.

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.