BidaskClub Lowers Alexandria Real Estate Equities, Inc. (NYSE:ARE) to Hold

BidaskClub cut shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) from a buy rating to a hold rating in a report issued on Saturday, July 8th.

Other equities analysts have also issued reports about the company. TheStreet upgraded Alexandria Real Estate Equities from a c rating to a b- rating in a research report on Monday, May 1st. Zacks Investment Research upgraded Alexandria Real Estate Equities from a hold rating to a buy rating and set a $127.00 price objective for the company in a research report on Friday, March 10th. Mizuho reiterated a buy rating and issued a $125.00 price objective on shares of Alexandria Real Estate Equities in a research report on Monday, March 20th. Evercore ISI upgraded Alexandria Real Estate Equities from an in-line rating to an outperform rating and set a $123.00 price objective for the company in a research report on Tuesday, March 21st. Finally, Barclays PLC boosted their price objective on Alexandria Real Estate Equities from $126.00 to $129.00 and gave the company an overweight rating in a research report on Wednesday, April 19th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $122.38.

Shares of Alexandria Real Estate Equities (NYSE ARE) opened at 120.52 on Friday. The company’s 50 day moving average is $119.97 and its 200 day moving average is $115.75. Alexandria Real Estate Equities has a 12-month low of $101.51 and a 12-month high of $123.89. The firm’s market capitalization is $10.98 billion.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.50. Alexandria Real Estate Equities had a return on equity of 3.23% and a net margin of 9.45%. The business had revenue of $273.10 million during the quarter, compared to analyst estimates of $277.40 million. During the same period in the previous year, the firm earned $1.36 EPS. Alexandria Real Estate Equities’s quarterly revenue was up 20.8% compared to the same quarter last year. On average, analysts forecast that Alexandria Real Estate Equities will post $1.62 earnings per share for the current year.

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The company also recently declared a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were given a dividend of $0.86 per share. The ex-dividend date was Wednesday, June 28th. This represents a $3.44 dividend on an annualized basis and a yield of 2.85%. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $0.83. Alexandria Real Estate Equities’s dividend payout ratio is 860.02%.

In other Alexandria Real Estate Equities news, insider Peter M. Moglia sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $119.27, for a total transaction of $238,540.00. Following the completion of the transaction, the insider now owns 85,867 shares of the company’s stock, valued at approximately $10,241,357.09. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Peter M. Moglia sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $118.56, for a total value of $474,240.00. Following the transaction, the insider now directly owns 91,867 shares of the company’s stock, valued at approximately $10,891,751.52. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,500 shares of company stock valued at $2,303,665. Insiders own 1.51% of the company’s stock.

Several large investors have recently made changes to their positions in the company. GSA Capital Partners LLP bought a new stake in shares of Alexandria Real Estate Equities during the fourth quarter worth about $510,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Alexandria Real Estate Equities by 4.1% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,040 shares of the real estate investment trust’s stock worth $115,000 after buying an additional 41 shares in the last quarter. Norges Bank bought a new stake in shares of Alexandria Real Estate Equities during the fourth quarter worth about $79,483,000. Quadrature Capital Ltd bought a new stake in shares of Alexandria Real Estate Equities during the fourth quarter worth about $1,265,000. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of Alexandria Real Estate Equities by 20.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 269,804 shares of the real estate investment trust’s stock worth $29,984,000 after buying an additional 45,855 shares in the last quarter.

About Alexandria Real Estate Equities

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.

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

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