Brokerages Set Alexandria Real Estate Equities, Inc. (NYSE:ARE) Price Target at $126.73

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Get Free Report) have received a consensus recommendation of "Hold" from the twelve ratings firms that are covering the firm, Marketbeat.com reports. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $126.73.

ARE has been the topic of a number of research reports. Jefferies Financial Group lowered shares of Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and reduced their target price for the stock from $136.00 to $127.00 in a report on Friday, August 2nd. Royal Bank of Canada reiterated a "sector perform" rating and issued a $125.00 price objective (down from $130.00) on shares of Alexandria Real Estate Equities in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and lowered their target price for the stock from $135.00 to $112.00 in a research note on Friday, November 15th. Citigroup lowered Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and reduced their price target for the company from $130.00 to $125.00 in a research report on Friday, September 13th. Finally, Wedbush lowered their price objective on Alexandria Real Estate Equities from $130.00 to $120.00 and set a "neutral" rating for the company in a research report on Wednesday, October 23rd.

Institutional Investors Weigh In On Alexandria Real Estate Equities

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Catalyst Capital Advisors LLC acquired a new position in Alexandria Real Estate Equities during the third quarter worth approximately $25,000. Ashton Thomas Securities LLC purchased a new position in shares of Alexandria Real Estate Equities during the third quarter worth approximately $30,000. UMB Bank n.a. increased its holdings in shares of Alexandria Real Estate Equities by 132.8% in the 2nd quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust's stock valued at $32,000 after acquiring an additional 154 shares during the period. Rothschild Investment LLC purchased a new stake in Alexandria Real Estate Equities in the 2nd quarter valued at $33,000. Finally, Venturi Wealth Management LLC boosted its stake in Alexandria Real Estate Equities by 144.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 180 shares during the period. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Trading Down 0.3 %

ARE stock traded down $0.29 during mid-day trading on Friday, hitting $110.23. 715,276 shares of the company were exchanged, compared to its average volume of 1,003,347. Alexandria Real Estate Equities has a 12-month low of $102.89 and a 12-month high of $135.45. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.56. The business has a fifty day simple moving average of $114.35 and a 200-day simple moving average of $117.07. The firm has a market capitalization of $19.26 billion, a P/E ratio of 67.21, a PEG ratio of 4.14 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share for the quarter, missing the consensus estimate of $2.38 by ($1.42). The firm had revenue of $791.60 million during the quarter, compared to analyst estimates of $766.97 million. Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The business's revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.26 earnings per share. On average, equities research analysts predict that Alexandria Real Estate Equities will post 9.47 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 4.72%. The ex-dividend date was Monday, September 30th. Alexandria Real Estate Equities's payout ratio is 317.07%.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc NYSE: ARE, an S&P 500 company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. As the pioneer of the life science real estate niche since our founding in 1994, Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative life science, agtech, and advanced technology mega campuses in AAA innovation cluster locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.