Brokerages Set Alexandria Real Estate Equities, Inc. (NYSE:ARE) Price Target at $116.00

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) have been assigned a consensus rating of “Hold” from the eleven analysts that are presently covering the stock, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $116.00.

Several equities research analysts have recently issued reports on ARE shares. Wall Street Zen upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, April 3rd. JPMorgan Chase & Co. decreased their price objective on Alexandria Real Estate Equities from $117.00 to $95.00 and set a “neutral” rating on the stock in a report on Tuesday, May 20th. Jefferies Financial Group started coverage on Alexandria Real Estate Equities in a report on Monday, March 17th. They set a “hold” rating and a $100.00 price objective on the stock. Finally, JMP Securities restated a “market outperform” rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, April 30th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ARE. Proficio Capital Partners LLC acquired a new position in Alexandria Real Estate Equities in the fourth quarter valued at $29,000. EverSource Wealth Advisors LLC boosted its holdings in Alexandria Real Estate Equities by 57.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 109 shares during the last quarter. Colonial Trust Co SC boosted its holdings in Alexandria Real Estate Equities by 514.3% in the fourth quarter. Colonial Trust Co SC now owns 301 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 252 shares during the last quarter. Tsfg LLC acquired a new position in Alexandria Real Estate Equities in the first quarter valued at $30,000. Finally, Avalon Trust Co acquired a new position in Alexandria Real Estate Equities in the first quarter valued at $32,000. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

Alexandria Real Estate Equities stock opened at $70.11 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.21 and a current ratio of 0.21. The stock has a fifty day moving average of $76.93 and a two-hundred day moving average of $92.29. The company has a market capitalization of $12.13 billion, a price-to-earnings ratio of 38.95, a PEG ratio of 3.93 and a beta of 1.27. Alexandria Real Estate Equities has a fifty-two week low of $67.37 and a fifty-two week high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.02. The company had revenue of $758.16 million during the quarter, compared to the consensus estimate of $755.64 million. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. Alexandria Real Estate Equities’s revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.35 earnings per share. On average, analysts anticipate that Alexandria Real Estate Equities will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a yield of 7.53%. The ex-dividend date was Monday, March 31st. Alexandria Real Estate Equities’s payout ratio is currently 694.74%.

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.