Alexandria Real Estate Equities Inc (ARE) Receives Consensus Rating of “Buy” from Analysts

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Alexandria Real Estate Equities Inc (NYSE:ARE) has received an average rating of “Buy” from the eleven ratings firms that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $105.92.

A number of research firms recently weighed in on ARE. TheStreet raised shares of Alexandria Real Estate Equities from a “c+” rating to a “b” rating in a research report on Monday, April 30th. ValuEngine lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research report on Wednesday, May 16th. Zacks Investment Research raised shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $137.00 price objective on the stock in a research report on Monday, April 16th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Alexandria Real Estate Equities from $130.00 to $131.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 22nd.

In other news, CEO Peter M. Moglia sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 17th. The shares were sold at an average price of $122.14, for a total transaction of $610,700.00. Following the transaction, the chief executive officer now directly owns 119,117 shares of the company’s stock, valued at $14,548,950.38. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Peter M. Moglia sold 4,917 shares of the firm’s stock in a transaction that occurred on Thursday, May 24th. The stock was sold at an average price of $124.96, for a total transaction of $614,428.32. Following the transaction, the chief executive officer now directly owns 114,200 shares in the company, valued at $14,270,432. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 92,917 shares of company stock worth $11,895,153. Corporate insiders own 1.41% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of Alexandria Real Estate Equities by 4.5% during the first quarter. BlackRock Inc. now owns 10,623,777 shares of the real estate investment trust’s stock valued at $1,326,803,000 after purchasing an additional 460,403 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Alexandria Real Estate Equities by 15.5% during the first quarter. Principal Financial Group Inc. now owns 4,046,501 shares of the real estate investment trust’s stock valued at $505,368,000 after purchasing an additional 543,870 shares in the last quarter. Cbre Clarion Securities LLC boosted its stake in shares of Alexandria Real Estate Equities by 16.3% during the fourth quarter. Cbre Clarion Securities LLC now owns 3,075,993 shares of the real estate investment trust’s stock valued at $401,694,000 after purchasing an additional 431,156 shares in the last quarter. Centersquare Investment Management LLC bought a new position in shares of Alexandria Real Estate Equities during the first quarter valued at approximately $194,069,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Alexandria Real Estate Equities by 8.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,461,209 shares of the real estate investment trust’s stock valued at $182,490,000 after purchasing an additional 116,218 shares in the last quarter. Hedge funds and other institutional investors own 98.98% of the company’s stock.

Alexandria Real Estate Equities traded down $0.17, reaching $126.17, during midday trading on Tuesday, Marketbeat reports. The stock had a trading volume of 945,812 shares, compared to its average volume of 775,690. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.34 and a quick ratio of 0.34. Alexandria Real Estate Equities has a 52-week low of $114.00 and a 52-week high of $134.37. The firm has a market capitalization of $12.99 billion, a P/E ratio of 20.96, a price-to-earnings-growth ratio of 3.08 and a beta of 0.82.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Monday, April 30th. The real estate investment trust reported $1.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.59 by ($0.27). Alexandria Real Estate Equities had a return on equity of 4.26% and a net margin of 22.13%. The firm had revenue of $320.10 million during the quarter, compared to analysts’ expectations of $317.63 million. During the same period last year, the company earned $1.48 earnings per share. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. research analysts anticipate that Alexandria Real Estate Equities will post 6.59 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 16th. Stockholders of record on Friday, June 29th will be given a dividend of $0.93 per share. The ex-dividend date is Thursday, June 28th. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $0.90. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.95%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 61.79%.

About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500® company, is an urban office real estate investment trust ("REIT") uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations, with a total market capitalization of $17.9 billion and an asset base in North America of 30.2 million SF as of March 31, 2018.

Analyst Recommendations for Alexandria Real Estate Equities (NYSE:ARE)

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