Alexandria Real Estate Equities (NYSE:ARE) Earns Average Rating from GMP Securities

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GMP Securities reiterated their average rating on shares of Alexandria Real Estate Equities (NYSE:ARE) in a research note published on Thursday morning, AnalystRatings.com reports. The brokerage currently has a $26.00 price target on the real estate investment trust’s stock.

Other research analysts have also issued reports about the stock. Barclays lowered shares of Alexandria Real Estate Equities from an overweight rating to an equal weight rating and increased their target price for the stock from $130.00 to $136.00 in a research note on Thursday, April 4th. Zacks Investment Research raised shares of Alexandria Real Estate Equities from a sell rating to a hold rating in a research note on Thursday, May 16th. Six investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $98.25.

NYSE:ARE opened at $144.87 on Thursday. The company has a fifty day moving average price of $144.98. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.28 and a current ratio of 0.21. Alexandria Real Estate Equities has a 52 week low of $109.04 and a 52 week high of $153.51. The company has a market cap of $16.43 billion, a price-to-earnings ratio of 21.95, a P/E/G ratio of 4.80 and a beta of 0.74.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.68 EPS for the quarter, missing the Zacks’ consensus estimate of $1.72 by ($1.04). Alexandria Real Estate Equities had a net margin of 28.05% and a return on equity of 5.00%. The firm had revenue of $373.90 million during the quarter, compared to the consensus estimate of $366.81 million. During the same period in the prior year, the company posted $1.64 earnings per share. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. As a group, equities analysts expect that Alexandria Real Estate Equities will post 6.98 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a dividend of $1.00 per share. The ex-dividend date was Thursday, June 27th. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $0.97. This represents a $4.00 annualized dividend and a yield of 2.76%. Alexandria Real Estate Equities’s dividend payout ratio is currently 60.61%.

In related news, major shareholder Real Estate Equitie Alexandria bought 975,000 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The shares were acquired at an average cost of $10.00 per share, with a total value of $9,750,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joel S. Marcus sold 8,500 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $140.67, for a total transaction of $1,195,695.00. Following the completion of the transaction, the insider now directly owns 500,712 shares in the company, valued at $70,435,157.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,950 shares of company stock worth $1,538,474. 1.43% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC bought a new position in shares of Alexandria Real Estate Equities in the second quarter valued at $30,000. FinTrust Capital Advisors LLC lifted its stake in shares of Alexandria Real Estate Equities by 275.9% in the first quarter. FinTrust Capital Advisors LLC now owns 218 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 160 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Alexandria Real Estate Equities by 41.0% in the first quarter. Signaturefd LLC now owns 454 shares of the real estate investment trust’s stock valued at $65,000 after buying an additional 132 shares in the last quarter. Hilton Capital Management LLC bought a new position in shares of Alexandria Real Estate Equities in the first quarter valued at $102,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Alexandria Real Estate Equities by 53.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 742 shares of the real estate investment trust’s stock valued at $106,000 after buying an additional 259 shares in the last quarter. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> company, is an urban office real estate investment trust ("REIT") uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations, with a total market capitalization of $21.8 billion and an asset base in North America of 33.7 million square feet ("SF") as of March 31, 2019.

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Analyst Recommendations for Alexandria Real Estate Equities (NYSE:ARE)

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