Alexandria Real Estate Equities Inc (NYSE:ARE) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Alexandria Real Estate Equities Inc (NYSE:ARE) have received an average recommendation of “Hold” from the twelve research firms that are presently covering the stock, MarketBeat.com reports. Eight analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $109.56.

Several equities analysts recently commented on ARE shares. ValuEngine downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. DA Davidson raised their target price on Alexandria Real Estate Equities to $166.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Barclays set a $153.00 target price on Alexandria Real Estate Equities and gave the stock a “hold” rating in a research report on Friday, October 11th. Robert W. Baird set a $152.00 target price on Alexandria Real Estate Equities and gave the stock a “hold” rating in a research report on Wednesday, August 21st. Finally, GMP Securities restated an “average” rating and set a $26.00 target price on shares of Alexandria Real Estate Equities in a research report on Thursday, August 1st.

Shares of Alexandria Real Estate Equities stock traded up $1.54 during midday trading on Monday, hitting $157.55. 539,988 shares of the company were exchanged, compared to its average volume of 720,074. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.21 and a quick ratio of 0.21. The firm has a market cap of $17.61 billion, a P/E ratio of 23.87, a PEG ratio of 4.62 and a beta of 0.73. Alexandria Real Estate Equities has a 52 week low of $109.04 and a 52 week high of $157.58. The firm has a 50 day simple moving average of $153.38 and a 200-day simple moving average of $147.04.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Monday, July 29th. The real estate investment trust reported $0.68 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.72 by ($1.04). The company had revenue of $373.90 million for the quarter, compared to the consensus estimate of $366.81 million. Alexandria Real Estate Equities had a return on equity of 5.00% and a net margin of 28.05%. Alexandria Real Estate Equities’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.64 EPS. Equities research analysts expect that Alexandria Real Estate Equities will post 6.97 earnings per share for the current year.

The firm also recently disclosed a — dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $1.00 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a yield of 2.6%. Alexandria Real Estate Equities’s payout ratio is 60.61%.

In other Alexandria Real Estate Equities news, EVP Marc E. Binda sold 3,775 shares of Alexandria Real Estate Equities stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $146.04, for a total value of $551,301.00. Following the completion of the transaction, the executive vice president now owns 39,569 shares in the company, valued at approximately $5,778,656.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Peter M. Moglia sold 4,500 shares of Alexandria Real Estate Equities stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $143.59, for a total value of $646,155.00. Following the completion of the transaction, the chief executive officer now owns 169,975 shares of the company’s stock, valued at approximately $24,406,710.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 96,233 shares of company stock valued at $14,160,256. Corporate insiders own 1.43% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of ARE. First Trust Advisors LP raised its position in Alexandria Real Estate Equities by 249.9% in the 1st quarter. First Trust Advisors LP now owns 72,697 shares of the real estate investment trust’s stock valued at $10,364,000 after purchasing an additional 51,918 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Alexandria Real Estate Equities by 1.9% in the 1st quarter. Nordea Investment Management AB now owns 313,211 shares of the real estate investment trust’s stock valued at $44,652,000 after buying an additional 5,942 shares during the period. Cypress Wealth Advisors LLC increased its stake in shares of Alexandria Real Estate Equities by 13.0% in the 1st quarter. Cypress Wealth Advisors LLC now owns 8,762 shares of the real estate investment trust’s stock valued at $1,249,000 after buying an additional 1,007 shares during the period. Hahn Capital Management LLC increased its stake in shares of Alexandria Real Estate Equities by 0.9% in the 1st quarter. Hahn Capital Management LLC now owns 194,848 shares of the real estate investment trust’s stock valued at $27,778,000 after buying an additional 1,726 shares during the period. Finally, MetLife Investment Advisors LLC increased its stake in shares of Alexandria Real Estate Equities by 4.2% in the 1st quarter. MetLife Investment Advisors LLC now owns 32,042 shares of the real estate investment trust’s stock valued at $4,568,000 after buying an additional 1,293 shares during the period. Hedge funds and other institutional investors own 98.68% of the company’s stock.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> 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 $21.8 billion and an asset base in North America of 33.7 million square feet ("SF") as of March 31, 2019.

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

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