Alexandria Real Estate Equities Inc (NYSE:ARE) has been given a consensus recommendation of “Buy” by the eleven research firms that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $111.38.

Several research analysts have recently weighed in on ARE shares. Zacks Investment Research raised shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $152.00 price objective for the company in a report on Monday, March 4th. CIBC reissued a “buy” rating and set a $23.00 price objective on shares of Alexandria Real Estate Equities in a report on Tuesday, January 15th. Mitsubishi UFJ Financial Group boosted their price objective on shares of Alexandria Real Estate Equities to $132.00 and gave the company a “neutral” rating in a report on Thursday, March 7th. ValuEngine cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, Barclays cut shares of Alexandria Real Estate Equities from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $130.00 to $136.00 in a report on Thursday, April 4th.

Shares of NYSE ARE traded down $2.32 during midday trading on Monday, hitting $136.34. The stock had a trading volume of 13,625 shares, compared to its average volume of 564,021. The company has a market cap of $15.66 billion, a PE ratio of 20.71, a P/E/G ratio of 4.54 and a beta of 0.92. Alexandria Real Estate Equities has a 52 week low of $109.04 and a 52 week high of $144.46. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.29 and a current ratio of 0.29.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, February 4th. The real estate investment trust reported ($0.30) earnings per share for the quarter, missing the consensus estimate of $1.69 by ($1.99). Alexandria Real Estate Equities had a net margin of 28.57% and a return on equity of 5.28%. The company had revenue of $340.50 million for the quarter, compared to analysts’ expectations of $348.01 million. During the same period in the previous year, the firm earned $1.53 earnings per share. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis. On average, analysts forecast that Alexandria Real Estate Equities will post 6.96 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a dividend of $0.97 per share. The ex-dividend date was Thursday, March 28th. This represents a $3.88 annualized dividend and a dividend yield of 2.85%. Alexandria Real Estate Equities’s payout ratio is 58.79%.

In other Alexandria Real Estate Equities news, insider Joel S. Marcus sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 7th. The shares were sold at an average price of $130.01, for a total transaction of $1,300,100.00. Following the completion of the sale, the insider now directly owns 557,312 shares of the company’s stock, valued at $72,456,133.12. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Lawrence J. Diamond sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $142.58, for a total transaction of $142,580.00. Following the sale, the chief operating officer now directly owns 59,217 shares of the company’s stock, valued at $8,443,159.86. The disclosure for this sale can be found here. Insiders have sold 123,824 shares of company stock valued at $16,878,086 over the last three months. 1.41% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Alexandria Real Estate Equities by 2.3% in the third quarter. Vanguard Group Inc. now owns 16,605,056 shares of the real estate investment trust’s stock worth $2,088,750,000 after purchasing an additional 377,569 shares during the period. Vanguard Group Inc boosted its position in shares of Alexandria Real Estate Equities by 2.3% in the third quarter. Vanguard Group Inc now owns 16,605,056 shares of the real estate investment trust’s stock worth $2,088,750,000 after purchasing an additional 377,569 shares during the period. BlackRock Inc. boosted its position in shares of Alexandria Real Estate Equities by 3.5% in the fourth quarter. BlackRock Inc. now owns 10,965,956 shares of the real estate investment trust’s stock worth $1,263,717,000 after purchasing an additional 369,086 shares during the period. Principal Financial Group Inc. boosted its position in shares of Alexandria Real Estate Equities by 1.8% in the fourth quarter. Principal Financial Group Inc. now owns 4,736,644 shares of the real estate investment trust’s stock worth $545,851,000 after purchasing an additional 81,713 shares during the period. Finally, PGGM Investments boosted its position in shares of Alexandria Real Estate Equities by 2.6% in the fourth quarter. PGGM Investments now owns 3,060,000 shares of the real estate investment trust’s stock worth $352,634,000 after purchasing an additional 76,384 shares during the period. 99.14% of the stock is owned by institutional investors and hedge funds.

About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500 company, is an urban office real estate investment trust ("REIT") uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations, with a total market capitalization of $18.4 billion and an asset base in North America of 33.1 million square feet ("SF") as of December 31, 2018.

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

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