Alexandria Real Estate Equities, Inc. (NYSE:ARE) Receives $124.82 Consensus Target Price from Analysts

Alexandria Real Estate Equities, Inc. (NYSE:ARE) has received a consensus recommendation of “Hold” from the twelve analysts that are currently covering the company, Marketbeat.com reports. Eight analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $124.82.

ARE has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and dropped their price objective for the company from $135.00 to $112.00 in a research note on Friday, November 15th. Citigroup cut shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their price target for the company from $130.00 to $125.00 in a research report on Friday, September 13th. Evercore ISI lowered their price objective on Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating for the company in a research note on Wednesday, October 23rd. Robert W. Baird dropped their target price on Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Finally, Royal Bank of Canada decreased their price target on Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating for the company in a report on Tuesday, December 17th.

Institutional Trading of Alexandria Real Estate Equities

A number of large investors have recently added to or reduced their stakes in the stock. CIBC Asset Management Inc grew its position in shares of Alexandria Real Estate Equities by 67.3% during the 3rd quarter. CIBC Asset Management Inc now owns 37,276 shares of the real estate investment trust’s stock valued at $4,427,000 after acquiring an additional 14,992 shares during the period. Pathway Financial Advisers LLC grew its holdings in Alexandria Real Estate Equities by 11,449.8% during the third quarter. Pathway Financial Advisers LLC now owns 1,423,630 shares of the real estate investment trust’s stock valued at $169,056,000 after purchasing an additional 1,411,304 shares during the period. Natixis Advisors LLC grew its holdings in Alexandria Real Estate Equities by 10.0% during the third quarter. Natixis Advisors LLC now owns 120,098 shares of the real estate investment trust’s stock valued at $14,262,000 after purchasing an additional 10,917 shares during the period. Charles Schwab Investment Management Inc. increased its position in Alexandria Real Estate Equities by 3.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,450,902 shares of the real estate investment trust’s stock worth $291,045,000 after buying an additional 72,934 shares during the last quarter. Finally, National Bank of Canada FI raised its stake in shares of Alexandria Real Estate Equities by 117.7% in the second quarter. National Bank of Canada FI now owns 75,849 shares of the real estate investment trust’s stock valued at $8,784,000 after buying an additional 41,002 shares during the period. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Down 1.3 %

ARE stock opened at $98.35 on Wednesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.20 and a current ratio of 0.20. Alexandria Real Estate Equities has a fifty-two week low of $97.14 and a fifty-two week high of $131.36. The stock’s 50 day simple moving average is $107.72 and its 200 day simple moving average is $114.70. The company has a market cap of $17.19 billion, a P/E ratio of 59.97, a price-to-earnings-growth ratio of 3.87 and a beta of 1.14.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $2.38 by ($1.42). Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. The firm had revenue of $791.60 million for the quarter, compared to analyst estimates of $766.97 million. During the same period in the previous year, the company earned $2.26 earnings per share. Alexandria Real Estate Equities’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, research analysts expect that Alexandria Real Estate Equities will post 9.47 earnings per share for the current fiscal year.

Alexandria Real Estate Equities declared that its board has authorized a stock buyback plan on Monday, December 9th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the real estate investment trust to reacquire up to 2.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Alexandria Real Estate Equities Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $1.32 per share. The ex-dividend date is Tuesday, December 31st. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. This represents a $5.28 annualized dividend and a dividend yield of 5.37%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 321.95%.

Alexandria Real Estate Equities Company Profile

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.