Alexandria Real Estate Equities, Inc. (NYSE:ARE) had its price objective increased by Bank of America Corporation from $129.00 to $133.00 in a research note published on Monday. Bank of America Corporation currently has a neutral rating on the real estate investment trust’s stock.

ARE has been the topic of several other research reports. Zacks Investment Research raised Alexandria Real Estate Equities from a sell rating to a hold rating in a research note on Friday, November 3rd. Mizuho reaffirmed a buy rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, November 1st. National Bank Financial downgraded Alexandria Real Estate Equities from an outperform rating to a sector perform rating and dropped their price target for the company from $20.00 to $18.00 in a research note on Monday, October 23rd. Royal Bank Of Canada reissued a hold rating on shares of Alexandria Real Estate Equities in a research note on Monday, October 23rd. Finally, BidaskClub downgraded Alexandria Real Estate Equities from a hold rating to a sell rating in a research note on Wednesday, August 9th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Alexandria Real Estate Equities presently has an average rating of Hold and a consensus price target of $113.17.

Shares of Alexandria Real Estate Equities (ARE) opened at $126.10 on Monday. The company has a market capitalization of $12,082.46, a price-to-earnings ratio of 21.36, a P/E/G ratio of 3.48 and a beta of 0.85. Alexandria Real Estate Equities has a 12 month low of $103.32 and a 12 month high of $126.88. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.21 and a current ratio of 0.21.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.51 by ($0.96). The business had revenue of $285.60 million for the quarter, compared to analyst estimates of $286.11 million. Alexandria Real Estate Equities had a return on equity of 3.69% and a net margin of 13.21%. The business’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.39 EPS. analysts expect that Alexandria Real Estate Equities will post 6.02 earnings per share for the current fiscal year.

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The firm also recently declared a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were issued a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date was Thursday, September 28th. Alexandria Real Estate Equities’s payout ratio is currently 390.91%.

In related news, EVP Thomas J. Andrews sold 5,000 shares of Alexandria Real Estate Equities stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $125.26, for a total transaction of $626,300.00. Following the completion of the transaction, the executive vice president now owns 146,916 shares in the company, valued at $18,402,698.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Joel S. Marcus sold 15,500 shares of Alexandria Real Estate Equities stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $121.16, for a total value of $1,877,980.00. Following the transaction, the chief executive officer now owns 689,436 shares of the company’s stock, valued at approximately $83,532,065.76. The disclosure for this sale can be found here. Insiders have sold 55,500 shares of company stock valued at $6,683,980 in the last quarter. 1.60% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its holdings in Alexandria Real Estate Equities by 14.7% during the second quarter. JPMorgan Chase & Co. now owns 1,997,637 shares of the real estate investment trust’s stock worth $240,656,000 after purchasing an additional 255,378 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its position in Alexandria Real Estate Equities by 13.9% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 179,766 shares of the real estate investment trust’s stock worth $21,656,000 after acquiring an additional 21,974 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Alexandria Real Estate Equities by 6.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,846 shares of the real estate investment trust’s stock worth $5,282,000 after acquiring an additional 2,554 shares during the last quarter. Bank of Montreal Can lifted its position in Alexandria Real Estate Equities by 181.2% during the second quarter. Bank of Montreal Can now owns 154,899 shares of the real estate investment trust’s stock worth $18,660,000 after acquiring an additional 99,817 shares during the last quarter. Finally, Federated Investors Inc. PA lifted its position in Alexandria Real Estate Equities by 438.1% during the second quarter. Federated Investors Inc. PA now owns 8,539 shares of the real estate investment trust’s stock worth $1,029,000 after acquiring an additional 6,952 shares during 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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