Analysts Set Alexandria Real Estate Equities, Inc. (ARE) Price Target at $126.00

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) have earned an average rating of “Buy” from the six research firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $126.00.

A number of analysts have recently weighed in on the stock. BidaskClub upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Zacks Investment Research downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Finally, Barclays PLC increased their price target on shares of Alexandria Real Estate Equities from $129.00 to $130.00 and gave the stock an “overweight” rating in a report on Tuesday, July 18th.

Shares of Alexandria Real Estate Equities (ARE) traded down 1.34% on Friday, hitting $117.56. 626,569 shares of the stock traded hands. The company has a market cap of $11.01 billion, a PE ratio of 265.37 and a beta of 0.87. The stock has a 50 day moving average of $120.48 and a 200 day moving average of $117.23. Alexandria Real Estate Equities has a one year low of $101.51 and a one year high of $123.89.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.50. The firm had revenue of $273.10 million for the quarter, compared to analyst estimates of $277.40 million. Alexandria Real Estate Equities had a net margin of 9.45% and a return on equity of 3.11%. The business’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.36 earnings per share. Equities analysts anticipate that Alexandria Real Estate Equities will post $1.47 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be paid a $0.86 dividend. This represents a $3.44 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Thursday, September 28th. Alexandria Real Estate Equities’s dividend payout ratio is currently 860.02%.

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In related news, COO Stephen Richardson sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $120.56, for a total transaction of $904,200.00. Following the completion of the sale, the chief operating officer now directly owns 136,972 shares in the company, valued at $16,513,344.32. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Thomas J. Andrews sold 5,000 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $120.41, for a total transaction of $602,050.00. Following the sale, the executive vice president now owns 153,000 shares of the company’s stock, valued at $18,422,730. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,893 shares of company stock worth $5,671,239. Insiders own 1.51% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Piedmont Investment Advisors LLC increased its position in Alexandria Real Estate Equities by 0.3% during the second quarter. Piedmont Investment Advisors LLC now owns 2,843 shares of the real estate investment trust’s stock worth $342,000 after purchasing an additional 8 shares during the last quarter. Gateway Investment Advisers LLC increased its position in Alexandria Real Estate Equities by 0.4% during the second quarter. Gateway Investment Advisers LLC now owns 5,647 shares of the real estate investment trust’s stock worth $680,000 after purchasing an additional 23 shares during the last quarter. Ameritas Investment Partners Inc. increased its position in Alexandria Real Estate Equities by 1.2% during the second quarter. Ameritas Investment Partners Inc. now owns 2,069 shares of the real estate investment trust’s stock worth $249,000 after purchasing an additional 25 shares during the last quarter. Public Employees Retirement Association of Colorado increased its position in Alexandria Real Estate Equities by 0.3% during the second quarter. Public Employees Retirement Association of Colorado now owns 17,163 shares of the real estate investment trust’s stock worth $2,068,000 after purchasing an additional 47 shares during the last quarter. Finally, First Personal Financial Services increased its position in shares of Alexandria Real Estate Equities by 7.9% during the second quarter. First Personal Financial Services now owns 1,112 shares of the real estate investment trust’s stock valued at $134,000 after acquiring an additional 81 shares during the last quarter.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc is a real estate investment (REIT). The Company is engaged in the business of providing space for lease to the life science and technology industries. It focuses on collaborative life science and technology campuses. It develops urban cluster campuses and ecosystems.




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