Analysts Set Alexandria Real Estate Equities, Inc. (NYSE:ARE) PT at $194.20

Alexandria Real Estate Equities, Inc. (NYSE:ARE) has received a consensus recommendation of “Buy” from the six research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $194.20.

A number of analysts recently commented on the company. Mizuho reaffirmed a “buy” rating and issued a $200.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, July 14th. Robert W. Baird reaffirmed a “buy” rating on shares of Alexandria Real Estate Equities in a research report on Monday, May 3rd. JMP Securities boosted their target price on Alexandria Real Estate Equities from $200.00 to $210.00 and gave the company a “market outperform” rating in a research report on Monday, July 12th. Finally, Royal Bank of Canada lifted their price target on Alexandria Real Estate Equities from $202.00 to $205.00 and gave the company an “outperform” rating in a research note on Wednesday, June 16th.

In other news, Director Terezia C. Nemeth sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, May 3rd. The stock was sold at an average price of $180.03, for a total value of $180,030.00. Following the transaction, the director now owns 23,281 shares in the company, valued at approximately $4,191,278.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Joel S. Marcus sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, May 3rd. The stock was sold at an average price of $180.33, for a total value of $2,704,950.00. Following the completion of the transaction, the chairman now owns 339,597 shares in the company, valued at approximately $61,239,527.01. The disclosure for this sale can be found here. Insiders have sold a total of 34,865 shares of company stock valued at $6,268,947 in the last quarter. Company insiders own 1.12% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Baird Financial Group Inc. purchased a new position in Alexandria Real Estate Equities in the fourth quarter valued at approximately $1,728,000. Mercer Global Advisors Inc. ADV lifted its stake in Alexandria Real Estate Equities by 5.9% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 1,639 shares of the real estate investment trust’s stock valued at $292,000 after purchasing an additional 91 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Alexandria Real Estate Equities in the fourth quarter valued at approximately $8,626,000. Nordea Investment Management AB lifted its stake in Alexandria Real Estate Equities by 152.9% in the fourth quarter. Nordea Investment Management AB now owns 19,547 shares of the real estate investment trust’s stock valued at $3,484,000 after purchasing an additional 11,817 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Alexandria Real Estate Equities by 4.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 128,606 shares of the real estate investment trust’s stock valued at $22,920,000 after purchasing an additional 5,030 shares during the last quarter. Hedge funds and other institutional investors own 87.22% of the company’s stock.

Alexandria Real Estate Equities stock traded down $1.52 during midday trading on Friday, reaching $193.48. The stock had a trading volume of 7,123 shares, compared to its average volume of 705,523. Alexandria Real Estate Equities has a 12 month low of $150.08 and a 12 month high of $196.10. The company has a market cap of $28.54 billion, a P/E ratio of 33.71, a P/E/G ratio of 3.50 and a beta of 0.73. The business has a fifty day moving average price of $183.97. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.31 and a quick ratio of 0.31.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Sunday, April 25th. The real estate investment trust reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $1.85 by ($1.81). Alexandria Real Estate Equities had a net margin of 39.49% and a return on equity of 5.90%. The firm had revenue of $479.85 million during the quarter, compared to the consensus estimate of $484.48 million. During the same period in the previous year, the firm earned $0.14 earnings per share. The business’s quarterly revenue was up 9.1% on a year-over-year basis. On average, equities analysts expect that Alexandria Real Estate Equities will post 7.77 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, July 15th. Shareholders of record on Wednesday, June 30th were paid a dividend of $1.12 per share. The ex-dividend date was Tuesday, June 29th. This represents a $4.48 dividend on an annualized basis and a yield of 2.32%. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.09. Alexandria Real Estate Equities’s payout ratio is 61.37%.

About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> urban office real estate investment trust ("REIT"), is the first, longest-tenured, and pioneering owner, operator, and developer uniquely focused on collaborative life science, technology, and agtech campuses in AAA innovation cluster locations, with a total market capitalization of $31.9 billion as of December 31, 2020, and an asset base in North America of 49.7 million square feet ("SF").

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

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