Alexandria Real Estate Equities Inc (NYSE:ARE) Given Average Rating of “Hold” by Brokerages

Alexandria Real Estate Equities Inc (NYSE:ARE) has earned an average recommendation of “Hold” from the thirteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $111.70.

ARE has been the subject of several research reports. ValuEngine cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Robert W. Baird set a $152.00 target price on shares of Alexandria Real Estate Equities and gave the company a “hold” rating in a research note on Wednesday, August 21st. DA Davidson increased their target price on shares of Alexandria Real Estate Equities to $166.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Citigroup increased their target price on shares of Alexandria Real Estate Equities from $157.00 to $162.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Finally, GMP Securities reiterated an “average” rating and issued a $26.00 target price on shares of Alexandria Real Estate Equities in a research note on Thursday, August 1st.

Shares of NYSE ARE traded down $0.39 during mid-day trading on Thursday, hitting $153.15. The company had a trading volume of 461,637 shares, compared to its average volume of 734,856. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.21 and a quick ratio of 0.21. The business’s 50-day simple moving average is $149.30 and its 200-day simple moving average is $145.25. Alexandria Real Estate Equities has a 12 month low of $109.04 and a 12 month high of $155.22. The firm has a market cap of $17.40 billion, a P/E ratio of 23.20, a PEG ratio of 4.61 and a beta of 0.74.



Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, July 29th. The real estate investment trust reported $0.68 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.72 by ($1.04). Alexandria Real Estate Equities had a net margin of 28.05% and a return on equity of 5.00%. The company had revenue of $373.90 million during the quarter, compared to the consensus estimate of $366.81 million. During the same quarter in the previous year, the business posted $1.64 EPS. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. As a group, sell-side analysts predict that Alexandria Real Estate Equities will post 6.98 EPS for the current year.

The firm also recently declared a — dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $1.00 dividend. This represents a yield of 2.6%. The ex-dividend date is Friday, September 27th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 60.61%.

In related news, insider Vincent Ciruzzi sold 5,933 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $151.20, for a total value of $897,069.60. Following the completion of the transaction, the insider now owns 39,499 shares of the company’s stock, valued at $5,972,248.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jennifer Banks sold 2,000 shares of the stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $139.93, for a total transaction of $279,860.00. Following the completion of the transaction, the chief operating officer now directly owns 52,734 shares of the company’s stock, valued at approximately $7,379,068.62. The disclosure for this sale can be found here. Insiders sold 91,183 shares of company stock valued at $13,344,360 in the last three months. Company insiders own 1.43% of the company’s stock.

A number of large investors have recently bought and sold shares of ARE. Geode Capital Management LLC raised its position in Alexandria Real Estate Equities by 11.0% in the fourth quarter. Geode Capital Management LLC now owns 1,694,216 shares of the real estate investment trust’s stock worth $194,957,000 after purchasing an additional 168,461 shares in the last quarter. American International Group Inc. increased its holdings in shares of Alexandria Real Estate Equities by 3.8% during the first quarter. American International Group Inc. now owns 39,859 shares of the real estate investment trust’s stock worth $5,682,000 after buying an additional 1,470 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Alexandria Real Estate Equities by 12.3% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,590 shares of the real estate investment trust’s stock worth $939,000 after buying an additional 724 shares in the last quarter. Mason Street Advisors LLC increased its holdings in shares of Alexandria Real Estate Equities by 6.1% during the first quarter. Mason Street Advisors LLC now owns 16,082 shares of the real estate investment trust’s stock worth $2,293,000 after buying an additional 922 shares in the last quarter. Finally, ETF Managers Group LLC increased its holdings in shares of Alexandria Real Estate Equities by 8.9% during the first quarter. ETF Managers Group LLC now owns 1,164 shares of the real estate investment trust’s stock worth $166,000 after buying an additional 95 shares in the last quarter. 98.65% of the stock is owned by hedge funds and other institutional investors.

About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> 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 $21.8 billion and an asset base in North America of 33.7 million square feet ("SF") as of March 31, 2019.

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

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