Alexandria Real Estate Equities (NYSE:ARE) Downgraded to Inline at Evercore ISI

Evercore ISI lowered shares of Alexandria Real Estate Equities (NYSE:ARE) from an outperform rating to an inline rating in a report published on Thursday morning, Marketbeat.com reports. Evercore ISI currently has $126.00 price target on the real estate investment trust’s stock, down from their previous price target of $133.00.

Other equities research analysts also recently issued research reports about the stock. JMP Securities restated a market outperform rating and issued a $140.00 price objective on shares of Alexandria Real Estate Equities in a research note on Tuesday, July 23rd. Wedbush downgraded shares of Alexandria Real Estate Equities from an outperform rating to a neutral rating and lowered their price objective for the stock from $140.00 to $130.00 in a research note on Wednesday, July 24th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Alexandria Real Estate Equities currently has a consensus rating of Moderate Buy and a consensus target price of $133.71.

Alexandria Real Estate Equities Trading Up 2.5 %

Shares of ARE stock opened at $118.92 on Thursday. Alexandria Real Estate Equities has a 12 month low of $90.73 and a 12 month high of $135.45. The company has a quick ratio of 0.30, a current ratio of 0.23 and a debt-to-equity ratio of 0.55. The business’s 50 day moving average is $118.62 and its two-hundred day moving average is $120.83. The company has a market cap of $20.80 billion, a PE ratio of 111.14, a price-to-earnings-growth ratio of 2.98 and a beta of 1.15.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $2.34 by ($2.09). Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. The company had revenue of $766.70 million for the quarter, compared to analyst estimates of $775.03 million. During the same quarter last year, the business earned $2.24 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. Equities analysts predict that Alexandria Real Estate Equities will post 9.49 EPS for the current year.

Alexandria Real Estate Equities Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a dividend of $1.30 per share. The ex-dividend date was Friday, June 28th. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.37%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 485.98%.

Insider Buying and Selling at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of Alexandria Real Estate Equities stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $4.21, for a total transaction of $631,500.00. Following the completion of the transaction, the insider now directly owns 6,005,077 shares of the company’s stock, valued at $25,281,374.17. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.15% of the company’s stock.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Several institutional investors have recently modified their holdings of the stock. HB Wealth Management LLC raised its stake in shares of Alexandria Real Estate Equities by 61.3% during the 2nd quarter. HB Wealth Management LLC now owns 2,585 shares of the real estate investment trust’s stock worth $302,000 after purchasing an additional 982 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Alexandria Real Estate Equities by 350.4% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 33,626 shares of the real estate investment trust’s stock valued at $3,933,000 after buying an additional 26,160 shares in the last quarter. AlphaStar Capital Management LLC grew its holdings in Alexandria Real Estate Equities by 36.5% in the 2nd quarter. AlphaStar Capital Management LLC now owns 3,193 shares of the real estate investment trust’s stock valued at $373,000 after buying an additional 854 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Alexandria Real Estate Equities by 2.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 21,814 shares of the real estate investment trust’s stock worth $2,552,000 after purchasing an additional 508 shares in the last quarter. Finally, Ceredex Value Advisors LLC grew its holdings in shares of Alexandria Real Estate Equities by 8.3% during the 2nd quarter. Ceredex Value Advisors LLC now owns 369,600 shares of the real estate investment trust’s stock worth $43,713,000 after purchasing an additional 28,350 shares in the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

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.