Alexandria Real Estate Equities, Inc. (NYSE:ARE) Receives $118.60 Average PT from Analysts

Alexandria Real Estate Equities, Inc. (NYSE:ARE) has received an average recommendation of “Hold” from the eleven brokerages that are presently covering the stock, Marketbeat reports. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $118.60.

Several equities research analysts have commented on the stock. Wedbush reissued a “neutral” rating and set a $104.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Jefferies Financial Group initiated coverage on Alexandria Real Estate Equities in a report on Monday, March 17th. They set a “hold” rating and a $100.00 target price on the stock. StockNews.com raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Thursday. Royal Bank of Canada lowered their price target on Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating on the stock in a research report on Tuesday, December 17th. Finally, JMP Securities reiterated a “market outperform” rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th.

Alexandria Real Estate Equities Trading Down 5.7 %

NYSE ARE opened at $81.32 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.21. The stock’s 50-day moving average is $96.73 and its 200-day moving average is $104.37. Alexandria Real Estate Equities has a one year low of $81.20 and a one year high of $130.14. The firm has a market cap of $14.08 billion, a P/E ratio of 45.18, a P/E/G ratio of 3.93 and a beta of 1.24.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share for the quarter, topping the consensus estimate of $0.91 by $1.48. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. Sell-side analysts anticipate that Alexandria Real Estate Equities will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a yield of 6.49%. The ex-dividend date is Monday, March 31st. Alexandria Real Estate Equities’s dividend payout ratio is 293.33%.

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

Hedge Funds Weigh In On Alexandria Real Estate Equities

Large investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its holdings in shares of Alexandria Real Estate Equities by 57.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 109 shares during the period. Callan Capital LLC boosted its holdings in shares of Alexandria Real Estate Equities by 1.3% during the fourth quarter. Callan Capital LLC now owns 8,946 shares of the real estate investment trust’s stock worth $873,000 after acquiring an additional 111 shares during the period. Coldstream Capital Management Inc. boosted its holdings in shares of Alexandria Real Estate Equities by 6.0% during the fourth quarter. Coldstream Capital Management Inc. now owns 2,119 shares of the real estate investment trust’s stock worth $207,000 after acquiring an additional 120 shares during the period. Wedbush Securities Inc. grew its position in shares of Alexandria Real Estate Equities by 5.8% in the fourth quarter. Wedbush Securities Inc. now owns 2,300 shares of the real estate investment trust’s stock valued at $224,000 after purchasing an additional 126 shares during the last quarter. Finally, M&T Bank Corp increased its stake in shares of Alexandria Real Estate Equities by 0.7% during the fourth quarter. M&T Bank Corp now owns 19,478 shares of the real estate investment trust’s stock worth $1,901,000 after purchasing an additional 127 shares during the period. 96.54% of the stock is owned by institutional investors.

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.