Brokerages Set Alexandria Real Estate Equities, Inc. (NYSE:ARE) Target Price at $51.08

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) have been assigned an average recommendation of “Reduce” from the sixteen analysts that are presently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $51.0769.

Several equities research analysts recently issued reports on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a report on Friday, July 17th. BNP Paribas Exane lifted their price objective on shares of Alexandria Real Estate Equities from $44.00 to $45.00 and gave the stock an “underperform” rating in a report on Wednesday, July 1st. Citigroup reiterated a “market perform” rating on shares of Alexandria Real Estate Equities in a report on Monday. Evercore raised their price target on shares of Alexandria Real Estate Equities from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Finally, Cantor Fitzgerald cut their price target on shares of Alexandria Real Estate Equities from $60.00 to $43.00 and set a “neutral” rating on the stock in a report on Wednesday, April 29th.

Insider Activity at Alexandria Real Estate Equities

In other news, Chairman Joel S. Marcus acquired 7,500 shares of Alexandria Real Estate Equities stock in a transaction on Tuesday, May 5th. The stock was acquired at an average cost of $42.72 per share, with a total value of $320,400.00. Following the completion of the acquisition, the chairman owned 587,724 shares in the company, valued at approximately $25,107,569.28. This trade represents a 1.29% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Marc E. Binda sold 2,000 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $54.00, for a total value of $108,000.00. Following the completion of the sale, the chief financial officer directly owned 188,264 shares of the company’s stock, valued at $10,166,256. This represents a 1.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.35% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Large investors have recently made changes to their positions in the stock. FNY Investment Advisers LLC bought a new stake in shares of Alexandria Real Estate Equities during the 2nd quarter valued at $26,000. Basecamp Wealth Advisors LLC boosted its stake in Alexandria Real Estate Equities by 3,723.5% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 650 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 633 shares during the period. CYBER HORNET ETFs LLC purchased a new position in Alexandria Real Estate Equities during the 2nd quarter valued at about $30,000. BOKF NA grew its holdings in Alexandria Real Estate Equities by 6,033.3% during the 3rd quarter. BOKF NA now owns 368 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 362 shares in the last quarter. Finally, MUFG Securities EMEA plc bought a new stake in shares of Alexandria Real Estate Equities during the second quarter valued at about $33,000. 96.54% of the stock is owned by institutional investors.

Alexandria Real Estate Equities Stock Performance

NYSE ARE opened at $53.86 on Thursday. The company has a fifty day simple moving average of $50.90 and a 200 day simple moving average of $50.40. Alexandria Real Estate Equities has a 12-month low of $39.41 and a 12-month high of $88.24. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.65. The company has a market cap of $9.39 billion, a P/E ratio of -8.59, a PEG ratio of 6.58 and a beta of 1.17.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Monday, April 27th. The real estate investment trust reported $1.73 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.73. The company had revenue of $671.02 million for the quarter, compared to analyst estimates of $684.78 million. Alexandria Real Estate Equities had a negative net margin of 36.03% and a negative return on equity of 5.21%. The firm’s revenue was down 11.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.30 EPS. Sell-side analysts predict that Alexandria Real Estate Equities will post 6.36 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 Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date was Tuesday, June 30th. Alexandria Real Estate Equities’s payout ratio is presently -45.93%.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc (NYSE: ARE) is a real estate investment trust specializing in the ownership, development and management of collaborative life science and technology campuses. The company’s properties are designed to support research and innovation by providing specialized laboratory, office and manufacturing space tailored to biotechnology, pharmaceutical, academic and related industries.

Since its founding in 1994, Alexandria has cultivated a diversified portfolio of campuses across leading innovation clusters in North America and Europe.