Alexandria Real Estate Equities (ARE) Reaches New 52-Week High at $146.20

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Alexandria Real Estate Equities Inc (NYSE:ARE) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $146.20 and last traded at $145.76, with a volume of 277418 shares changing hands. The stock had previously closed at $143.85.

ARE has been the topic of a number of research reports. Canaccord Genuity reiterated an “average” rating and issued a $25.00 price target on shares of Alexandria Real Estate Equities in a research note on Thursday, March 7th. ValuEngine upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research note on Tuesday, January 29th. Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $141.00 price target on the stock in a research note on Tuesday, January 29th. CIBC reiterated a “buy” rating and issued a $23.00 price target on shares of Alexandria Real Estate Equities in a research note on Tuesday, January 15th. Finally, 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 report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $111.38.

The stock has a market capitalization of $16.11 billion, a PE ratio of 22.08, a P/E/G ratio of 4.75 and a beta of 0.90. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.71.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, April 29th. The real estate investment trust reported $1.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.68 by ($0.57). Alexandria Real Estate Equities had a return on equity of 4.91% and a net margin of 27.29%. The business had revenue of $358.80 million for the quarter, compared to analyst estimates of $356.93 million. During the same quarter in the previous year, the company earned $1.62 EPS. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. As a group, equities research analysts forecast that Alexandria Real Estate Equities Inc will post 6.96 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a dividend of $0.97 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 2.66%. Alexandria Real Estate Equities’s payout ratio is presently 58.79%.

In related news, CEO Stephen Richardson sold 10,000 shares of the stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $135.37, for a total transaction of $1,353,700.00. Following the sale, the chief executive officer now owns 182,475 shares in the company, valued at approximately $24,701,640.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas J. Andrews sold 25,000 shares of the stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $134.18, for a total transaction of $3,354,500.00. Following the sale, the insider now owns 146,916 shares in the company, valued at approximately $19,713,188.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 127,551 shares of company stock worth $17,615,465. Company insiders own 1.43% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Utah Retirement Systems boosted its position in shares of Alexandria Real Estate Equities by 7.6% during the 1st quarter. Utah Retirement Systems now owns 24,626 shares of the real estate investment trust’s stock worth $3,511,000 after acquiring an additional 1,735 shares in the last quarter. National Pension Service boosted its position in shares of Alexandria Real Estate Equities by 4.3% during the 1st quarter. National Pension Service now owns 132,863 shares of the real estate investment trust’s stock worth $18,941,000 after acquiring an additional 5,420 shares in the last quarter. Altshuler Shaham Ltd acquired a new stake in shares of Alexandria Real Estate Equities during the 1st quarter worth approximately $53,000. Hsbc Holdings PLC boosted its position in shares of Alexandria Real Estate Equities by 2.0% during the 1st quarter. Hsbc Holdings PLC now owns 256,374 shares of the real estate investment trust’s stock worth $36,549,000 after acquiring an additional 5,035 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Alexandria Real Estate Equities by 11.7% during the 1st quarter. Wellington Management Group LLP now owns 3,167,542 shares of the real estate investment trust’s stock worth $451,565,000 after acquiring an additional 331,922 shares in the last quarter. Institutional investors and hedge funds own 97.96% of the company’s stock.

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Alexandria Real Estate Equities Company Profile (NYSE:ARE)

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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