Alexandria Real Estate Equities, Inc. (NYSE:ARE) Given Average Rating of “Moderate Buy” by Brokerages

Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Rating) has been given an average recommendation of “Moderate Buy” by the seven research firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $191.75.

A number of analysts recently issued reports on the company. StockNews.com lowered Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a report on Thursday, April 28th. Credit Suisse Group assumed coverage on shares of Alexandria Real Estate Equities in a research note on Wednesday, June 22nd. They issued a “neutral” rating and a $140.00 price objective for the company. Finally, Mizuho reduced their price objective on shares of Alexandria Real Estate Equities from $219.00 to $172.00 and set a “buy” rating for the company in a research note on Thursday, June 23rd.

Alexandria Real Estate Equities Stock Up 4.1 %

Shares of NYSE ARE opened at $156.49 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a market capitalization of $25.54 billion, a price-to-earnings ratio of 56.09, a PEG ratio of 2.32 and a beta of 0.88. The stock has a 50 day moving average price of $149.31 and a 200 day moving average price of $176.80. Alexandria Real Estate Equities has a 52-week low of $130.00 and a 52-week high of $224.95.

Alexandria Real Estate Equities (NYSE:ARE – Get Rating) last announced its quarterly earnings results on Monday, July 25th. The real estate investment trust reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $1.01. The firm had revenue of $643.80 million during the quarter, compared to analyst estimates of $633.13 million. Alexandria Real Estate Equities had a return on equity of 2.28% and a net margin of 18.30%. Alexandria Real Estate Equities’s quarterly revenue was up 26.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.93 earnings per share. Sell-side analysts expect that Alexandria Real Estate Equities will post 8.4 earnings per share for the current year.

Alexandria Real Estate Equities Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were paid a $1.18 dividend. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Wednesday, June 29th. This represents a $4.72 dividend on an annualized basis and a yield of 3.02%. Alexandria Real Estate Equities’s payout ratio is 169.18%.

Insider Buying and Selling

In other news, CEO Stephen Richardson sold 5,000 shares of the company’s stock in a transaction on Monday, May 9th. The stock was sold at an average price of $171.47, for a total transaction of $857,350.00. Following the transaction, the chief executive officer now directly owns 175,602 shares of the company’s stock, valued at $30,110,474.94. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Alexandria Real Estate Equities news, CEO Stephen Richardson sold 5,000 shares of the company’s stock in a transaction on Monday, May 9th. The shares were sold at an average price of $171.47, for a total value of $857,350.00. Following the sale, the chief executive officer now directly owns 175,602 shares of the company’s stock, valued at $30,110,474.94. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Real Estate Equitie Alexandria bought 3,500,000 shares of the stock in a transaction dated Monday, June 27th. The shares were purchased at an average cost of $1.00 per share, for a total transaction of $3,500,000.00. Following the completion of the purchase, the insider now owns 4,555,077 shares in the company, valued at $4,555,077. The disclosure for this purchase can be found here. 0.96% of the stock is currently owned by insiders.

Institutional Trading of Alexandria Real Estate Equities

Hedge funds and other institutional investors have recently made changes to their positions in the company. Pinnacle Wealth Planning Services Inc. acquired a new stake in shares of Alexandria Real Estate Equities during the 1st quarter worth approximately $254,000. Veriti Management LLC increased its holdings in shares of Alexandria Real Estate Equities by 24.3% during the 1st quarter. Veriti Management LLC now owns 2,909 shares of the real estate investment trust’s stock worth $585,000 after buying an additional 568 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of Alexandria Real Estate Equities by 6.8% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 148,919 shares of the real estate investment trust’s stock worth $33,203,000 after buying an additional 9,542 shares during the last quarter. Naviter Wealth LLC increased its holdings in shares of Alexandria Real Estate Equities by 51.4% during the 1st quarter. Naviter Wealth LLC now owns 3,795 shares of the real estate investment trust’s stock worth $768,000 after buying an additional 1,289 shares during the last quarter. Finally, Arbor Capital Management Inc. ADV increased its holdings in shares of Alexandria Real Estate Equities by 4.5% during the 1st quarter. Arbor Capital Management Inc. ADV now owns 6,030 shares of the real estate investment trust’s stock worth $1,226,000 after buying an additional 261 shares during the last quarter. Institutional investors and hedge funds own 94.49% of the company’s stock.

About Alexandria Real Estate Equities

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Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500^® urban office real estate investment trust (“REIT”), is the first, longest-tenured, and pioneering owner, operator, and developer uniquely focused on collaborative life science, technology, and agtech campuses in AAA innovation cluster locations, with a total market capitalization of $31.9 billion as of December 31, 2020, and an asset base in North America of 49.7 million square feet (“SF”).

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