Mizuho restated their buy rating on shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) in a research report released on Wednesday. They currently have a $140.00 price objective on the real estate investment trust’s stock.

Several other research analysts have also recently weighed in on ARE. Zacks Investment Research cut shares of Alexandria Real Estate Equities from a buy rating to a hold rating in a report on Thursday, August 10th. BidaskClub cut shares of Alexandria Real Estate Equities from a hold rating to a sell rating in a report on Wednesday, August 9th. Royal Bank Of Canada reissued a hold rating on shares of Alexandria Real Estate Equities in a report on Monday, October 23rd. National Bank Financial cut shares of Alexandria Real Estate Equities from an outperform rating to a sector perform rating and lowered their price target for the company from $20.00 to $18.00 in a report on Monday, October 23rd. Finally, Barclays PLC increased their price target on shares of Alexandria Real Estate Equities from $129.00 to $130.00 and gave the company an overweight rating in a report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $109.20.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.51 by ($0.96). The company had revenue of $285.60 million during the quarter, compared to the consensus estimate of $286.11 million. Alexandria Real Estate Equities had a net margin of 13.21% and a return on equity of 3.69%. The firm’s revenue was up 24.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.39 earnings per share.

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The firm also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were issued a dividend of $0.86 per share. The ex-dividend date was Thursday, September 28th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.78%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 390.91%.

In related news, CEO Joel S. Marcus sold 13,893 shares of Alexandria Real Estate Equities stock in a transaction on Friday, August 4th. The shares were sold at an average price of $121.22, for a total transaction of $1,684,109.46. Following the completion of the transaction, the chief executive officer now owns 705,829 shares of the company’s stock, valued at $85,560,591.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Joel S. Marcus sold 25,000 shares of Alexandria Real Estate Equities stock in a transaction on Monday, September 25th. The stock was sold at an average price of $118.99, for a total transaction of $2,974,750.00. Following the transaction, the chief executive officer now directly owns 664,436 shares of the company’s stock, valued at approximately $79,061,239.64. The disclosure for this sale can be found here. In the last quarter, insiders have sold 71,893 shares of company stock worth $8,645,989. 1.60% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. raised its stake in Alexandria Real Estate Equities by 1.7% during the third quarter. American Century Companies Inc. now owns 565,778 shares of the real estate investment trust’s stock worth $67,311,000 after buying an additional 9,655 shares during the last quarter. State of Tennessee Treasury Department raised its stake in Alexandria Real Estate Equities by 66.9% during the third quarter. State of Tennessee Treasury Department now owns 41,568 shares of the real estate investment trust’s stock worth $4,946,000 after buying an additional 16,659 shares during the last quarter. State of Wisconsin Investment Board raised its stake in Alexandria Real Estate Equities by 14.2% during the third quarter. State of Wisconsin Investment Board now owns 134,845 shares of the real estate investment trust’s stock worth $16,042,000 after buying an additional 16,753 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in Alexandria Real Estate Equities by 4.2% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 15,029 shares of the real estate investment trust’s stock worth $1,788,000 after buying an additional 600 shares during the last quarter. Finally, Stevens Capital Management LP bought a new position in Alexandria Real Estate Equities during the third quarter worth $365,000.

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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