Alexandria Real Estate Equities, Inc. (NYSE:ARE - Get Free Report) dropped 5.6% during trading on Wednesday . The company traded as low as $71.57 and last traded at $72.67. Approximately 347,458 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 1,124,928 shares. The stock had previously closed at $76.94.
Wall Street Analysts Forecast Growth
Several brokerages have commented on ARE. Royal Bank of Canada lowered their price objective on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a "sector perform" rating for the company in a research report on Tuesday, December 17th. StockNews.com upgraded shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. Wedbush reiterated a "neutral" rating and issued a $104.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Jefferies Financial Group started coverage on Alexandria Real Estate Equities in a research report on Monday, March 17th. They issued a "hold" rating and a $100.00 price objective for the company. Finally, JMP Securities reissued a "market outperform" rating and set a $130.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $118.60.
Check Out Our Latest Stock Analysis on ARE
Alexandria Real Estate Equities Price Performance
The stock has a market cap of $13.79 billion, a PE ratio of 44.29, a PEG ratio of 3.93 and a beta of 1.24. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55. The business's 50-day simple moving average is $94.08 and its 200-day simple moving average is $102.31.
Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its earnings results on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.91 by $1.48. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. On average, research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.
Alexandria Real Estate Equities Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a dividend yield of 6.62%. The ex-dividend date is Monday, March 31st. Alexandria Real Estate Equities's dividend payout ratio (DPR) is currently 293.33%.
Institutional Trading of Alexandria Real Estate Equities
Institutional investors have recently made changes to their positions in the stock. Proficio Capital Partners LLC bought a new stake in Alexandria Real Estate Equities during the fourth quarter valued at about $29,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Alexandria Real Estate Equities by 57.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 109 shares during the last quarter. Colonial Trust Co SC boosted its holdings in shares of Alexandria Real Estate Equities by 514.3% in the 4th quarter. Colonial Trust Co SC now owns 301 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 252 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Alexandria Real Estate Equities during the third quarter valued at $43,000. Finally, Cary Street Partners Financial LLC purchased a new stake in Alexandria Real Estate Equities in the 4th quarter worth about $50,000. Hedge funds and other institutional investors own 96.54% of the company's stock.
About Alexandria Real Estate Equities
(
Get Free Report)
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.
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