Alexandria Real Estate Equities, Inc. (NYSE:ARE) Stock Has Consensus Price Target of $49.36 According to Analysts

Alexandria Real Estate Equities, Inc. (NYSE:ARE) has been assigned an average rating of “Reduce” from the sixteen brokerages that are covering the company, MarketBeat reports. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $49.79.

A number of research analysts have weighed in on ARE shares. Wall Street Zen downgraded Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. BNP Paribas Exane cut their target price on shares of Alexandria Real Estate Equities from $40.00 to $37.00 and set an “underperform” rating on the stock in a research note on Wednesday, October 28th. Citizens Jmp reaffirmed a “market perform” rating on shares of Alexandria Real Estate Equities in a report on Monday, August 17th. Zacks Research raised shares of Alexandria Real Estate Equities from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 19th. Finally, Raymond James Financial set a $41.00 price objective on Alexandria Real Estate Equities in a research report on Monday, October 12th.

Insider Buying and Selling

In related news, EVP Kristina Fukuzaki-Carlson sold 16,810 shares of Alexandria Real Estate Equities stock in a transaction on Friday, September 11th. The shares were sold at an average price of $50.51, for a total value of $849,073.10. Following the sale, the executive vice president owned 39,152 shares in the company, valued at $1,977,567.52. The trade was a 30.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Joel S. Marcus acquired 5,000 shares of the firm’s stock in a transaction dated Friday, September 11th. The stock was bought at an average cost of $49.68 per share, for a total transaction of $248,400.00. Following the purchase, the chairman directly owned 597,724 shares of the company’s stock, valued at approximately $29,694,928.32. This trade represents a 0.84% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.35% of the stock is owned by company insiders.

Institutional Investors Weigh In On Alexandria Real Estate Equities

Several hedge funds and other institutional investors have recently bought and sold shares of ARE. BlackRock Inc. acquired a new stake in Alexandria Real Estate Equities in the second quarter valued at approximately $1,146,423,000. Dimensional Fund Advisors LP lifted its holdings in shares of Alexandria Real Estate Equities by 2.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,297,222 shares of the real estate investment trust’s stock worth $106,638,000 after purchasing an additional 52,733 shares in the last quarter. Bank of New York Mellon Corp bought a new position in Alexandria Real Estate Equities during the second quarter valued at $79,253,000. Legal & General Group Plc purchased a new position in Alexandria Real Estate Equities in the 2nd quarter worth approximately $76,647,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of Alexandria Real Estate Equities during the second quarter worth about $64,485,000. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Stock Down 0.9%

Shares of Alexandria Real Estate Equities stock opened at $44.77 on Friday. The stock has a 50-day simple moving average of $47.20 and a 200-day simple moving average of $49.38. Alexandria Real Estate Equities has a 52-week low of $38.34 and a 52-week high of $59.76. The firm has a market cap of $7.80 billion, a price-to-earnings ratio of 5.95 and a beta of 1.17. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.14 and a quick ratio of 0.14.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, October 26th. The real estate investment trust reported ($3.74) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($3.71). The business had revenue of $671.18 million during the quarter, compared to analyst estimates of $646.26 million. Alexandria Real Estate Equities had a negative net margin of 51.81% and a negative return on equity of 7.52%. The firm’s quarterly revenue was down 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.22 earnings per share. On average, equities research analysts expect that Alexandria Real Estate Equities will post 6.39 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 6.4%. The ex-dividend date was Wednesday, September 30th. Alexandria Real Estate Equities’s payout ratio is -34.20%.

About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc (NYSE:ARE) is a real estate investment trust that owns, operates and develops collaborative life science, agtech and advanced technology campuses. Its properties are designed for companies, research institutions and government agencies engaged in biotechnology, pharmaceuticals, medical devices, agriculture technology and related fields.

The company provides laboratory, office and research space, along with supporting amenities and infrastructure intended to foster collaboration among its tenants.