Brokerages Set Alexandria Real Estate Equities, Inc. (NYSE:ARE) Price Target at $118.60

Alexandria Real Estate Equities, Inc. (NYSE:ARE) has earned a consensus recommendation of “Hold” from the eleven brokerages that are currently covering the company, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $118.60.

A number of research firms have weighed in on ARE. Jefferies Financial Group assumed coverage on Alexandria Real Estate Equities in a research report on Monday, March 17th. They issued a “hold” rating and a $100.00 target price for the company. JMP Securities reissued a “market outperform” rating and set a $130.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 30th. StockNews.com upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Thursday, April 3rd. Finally, Wedbush reiterated a “neutral” rating and set a $104.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th.

Hedge Funds Weigh In On Alexandria Real Estate Equities

A number of hedge funds and other institutional investors have recently made changes to their positions in ARE. Edgemoor Investment Advisors Inc. raised its holdings in shares of Alexandria Real Estate Equities by 1.3% in the first quarter. Edgemoor Investment Advisors Inc. now owns 58,688 shares of the real estate investment trust’s stock valued at $5,429,000 after purchasing an additional 760 shares during the last quarter. Allianz Asset Management GmbH raised its position in shares of Alexandria Real Estate Equities by 91.8% in the first quarter. Allianz Asset Management GmbH now owns 189,366 shares of the real estate investment trust’s stock valued at $17,518,000 after buying an additional 90,624 shares in the last quarter. Wealth Alliance LLC grew its holdings in shares of Alexandria Real Estate Equities by 195.1% during the 1st quarter. Wealth Alliance LLC now owns 7,767 shares of the real estate investment trust’s stock worth $719,000 after purchasing an additional 5,135 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in Alexandria Real Estate Equities by 4.6% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 12,003 shares of the real estate investment trust’s stock valued at $1,110,000 after buying an additional 525 shares during the period. Finally, Commerzbank Aktiengesellschaft FI increased its stake in Alexandria Real Estate Equities by 25.3% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 34,754 shares of the real estate investment trust’s stock valued at $3,216,000 after acquiring an additional 7,013 shares during the last quarter. 96.54% of the stock is owned by institutional investors.

Alexandria Real Estate Equities Trading Down 1.3 %

NYSE:ARE opened at $73.50 on Tuesday. The stock has a market cap of $12.71 billion, a price-to-earnings ratio of 40.83, a PEG ratio of 3.93 and a beta of 1.27. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.21 and a current ratio of 0.21. Alexandria Real Estate Equities has a 1 year low of $70.57 and a 1 year high of $130.14. The business has a fifty day moving average of $87.62 and a 200-day moving average of $97.64.

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

Alexandria Real Estate Equities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a dividend yield of 7.18%. The ex-dividend date of this dividend was Monday, March 31st. Alexandria Real Estate Equities’s payout ratio is 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.