Alexandria Real Estate Equities (NYSE:ARE) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Alexandria Real Estate Equities (NYSE:ARE - Free Report) from a sell rating to a hold rating in a research report released on Thursday morning.

Several other analysts have also commented on the company. JMP Securities reaffirmed a "market outperform" rating and set a $130.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Royal Bank of Canada dropped their price objective on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a "sector perform" rating on the stock in a research note on Tuesday, December 17th. Wedbush reiterated a "neutral" rating and issued a $104.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Finally, Jefferies Financial Group began coverage on shares of Alexandria Real Estate Equities in a research report on Monday, March 17th. They set a "hold" rating and a $100.00 price target on the stock. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $118.60.

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Alexandria Real Estate Equities Stock Performance

NYSE ARE traded down $4.93 during trading hours on Thursday, reaching $81.32. The stock had a trading volume of 2,673,680 shares, compared to its average volume of 1,108,706. Alexandria Real Estate Equities has a 52-week low of $81.20 and a 52-week high of $130.14. The stock has a fifty day moving average of $96.73 and a 200 day moving average of $104.51. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.21 and a current ratio of 0.21. The stock has a market cap of $14.08 billion, a P/E ratio of 45.18, a price-to-earnings-growth ratio of 3.93 and a beta of 1.24.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $2.39 EPS for the quarter, beating the consensus estimate of $0.91 by $1.48. Alexandria Real Estate Equities had a net margin of 10.36% and a return on equity of 1.43%. Sell-side analysts predict that Alexandria Real Estate Equities will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $1.32 dividend. This represents a $5.28 annualized dividend and a yield of 6.49%. The ex-dividend date of this dividend is Monday, March 31st. Alexandria Real Estate Equities's payout ratio is 293.33%.

Alexandria Real Estate Equities declared that its Board of Directors has approved a share repurchase plan on Monday, December 9th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the real estate investment trust to buy up to 2.7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Hedge funds and other institutional investors have recently made changes to their positions in the company. Townsquare Capital LLC lifted its holdings in Alexandria Real Estate Equities by 24.2% in the 3rd quarter. Townsquare Capital LLC now owns 2,801 shares of the real estate investment trust's stock valued at $333,000 after purchasing an additional 545 shares in the last quarter. Captrust Financial Advisors raised its position in shares of Alexandria Real Estate Equities by 6.7% in the third quarter. Captrust Financial Advisors now owns 15,498 shares of the real estate investment trust's stock valued at $1,840,000 after buying an additional 969 shares during the last quarter. Verition Fund Management LLC raised its position in shares of Alexandria Real Estate Equities by 408.4% in the third quarter. Verition Fund Management LLC now owns 28,667 shares of the real estate investment trust's stock valued at $3,404,000 after buying an additional 23,028 shares during the last quarter. Erste Asset Management GmbH purchased a new position in shares of Alexandria Real Estate Equities in the third quarter worth about $249,000. Finally, Benjamin Edwards Inc. boosted its position in Alexandria Real Estate Equities by 64,160.0% during the third quarter. Benjamin Edwards Inc. now owns 3,213 shares of the real estate investment trust's stock worth $382,000 after acquiring an additional 3,208 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company's stock.

About Alexandria Real Estate Equities

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.