Alexandria Real Estate Equities (NYSE:ARE) Receives Outperform Rating from Wedbush

Wedbush restated their outperform rating on shares of Alexandria Real Estate Equities (NYSE:ARE) in a report issued on Wednesday, Marketbeat.com reports. Wedbush currently has a $140.00 price objective on the real estate investment trust’s stock.

Several other analysts also recently commented on ARE. Deutsche Bank Aktiengesellschaft assumed coverage on Alexandria Real Estate Equities in a research note on Tuesday, January 30th. They set a buy rating and a $140.00 price objective on the stock. StockNews.com raised Alexandria Real Estate Equities from a sell rating to a hold rating in a research note on Thursday, March 21st. Mizuho raised their price objective on Alexandria Real Estate Equities from $145.00 to $154.00 and gave the stock a buy rating in a research note on Wednesday, January 3rd. Finally, JMP Securities reaffirmed 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. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $137.13.

Alexandria Real Estate Equities Stock Up 0.1 %

NYSE:ARE opened at $119.65 on Wednesday. Alexandria Real Estate Equities has a 12-month low of $90.73 and a 12-month high of $135.45. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $20.93 billion, a P/E ratio of 111.82, a P/E/G ratio of 2.71 and a beta of 1.05. The stock’s fifty day simple moving average is $123.08 and its 200-day simple moving average is $116.99.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Tuesday, January 30th. The real estate investment trust reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of $2.29 by ($2.83). The company had revenue of $757.22 million during the quarter, compared to the consensus estimate of $740.16 million. Alexandria Real Estate Equities had a return on equity of 0.87% and a net margin of 6.65%. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.14 earnings per share. Equities research analysts expect that Alexandria Real Estate Equities will post 9.46 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $1.27 dividend. This represents a $5.08 annualized dividend and a dividend yield of 4.25%. The ex-dividend date was Wednesday, March 27th. Alexandria Real Estate Equities’s dividend payout ratio is 474.77%.

Insider Buying and Selling at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, CEO Peter M. Moglia sold 3,200 shares of Alexandria Real Estate Equities stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $122.90, for a total value of $393,280.00. Following the sale, the chief executive officer now owns 249,683 shares of the company’s stock, valued at approximately $30,686,040.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Chairman Joel S. Marcus sold 7,500 shares of Alexandria Real Estate Equities stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $118.92, for a total value of $891,900.00. Following the sale, the chairman now owns 429,538 shares of the company’s stock, valued at $51,080,658.96. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Peter M. Moglia sold 3,200 shares of Alexandria Real Estate Equities stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $122.90, for a total value of $393,280.00. Following the completion of the sale, the chief executive officer now directly owns 249,683 shares in the company, valued at approximately $30,686,040.70. The disclosure for this sale can be found here. Company insiders own 1.15% of the company’s stock.

Institutional Trading of Alexandria Real Estate Equities

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Simplicity Wealth LLC bought a new position in Alexandria Real Estate Equities during the first quarter worth about $227,000. Assenagon Asset Management S.A. grew its holdings in Alexandria Real Estate Equities by 8.5% during the first quarter. Assenagon Asset Management S.A. now owns 2,763 shares of the real estate investment trust’s stock worth $356,000 after purchasing an additional 216 shares during the period. Rational Advisors LLC bought a new position in Alexandria Real Estate Equities during the first quarter worth about $48,000. Bank of Stockton grew its holdings in Alexandria Real Estate Equities by 7.2% during the first quarter. Bank of Stockton now owns 3,933 shares of the real estate investment trust’s stock worth $507,000 after purchasing an additional 265 shares during the period. Finally, PFG Investments LLC grew its holdings in Alexandria Real Estate Equities by 9.9% during the first quarter. PFG Investments LLC now owns 2,277 shares of the real estate investment trust’s stock worth $294,000 after purchasing an additional 206 shares during the period. Institutional investors and hedge funds own 96.54% of the company’s stock.

About Alexandria Real Estate Equities

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.