Alexandria Real Estate Equities (NYSE:ARE) Earns “Outperform” Rating from Wedbush

Wedbush reaffirmed their outperform rating on shares of Alexandria Real Estate Equities (NYSE:AREFree Report) in a report published on Wednesday, Benzinga reports. Wedbush currently has a $140.00 price target on the real estate investment trust’s stock. Wedbush also issued estimates for Alexandria Real Estate Equities’ Q1 2024 earnings at $2.25 EPS, Q2 2024 earnings at $2.37 EPS, Q3 2024 earnings at $2.41 EPS, Q4 2024 earnings at $2.44 EPS, Q1 2025 earnings at $2.34 EPS, Q2 2025 earnings at $2.43 EPS, Q3 2025 earnings at $2.50 EPS, Q4 2025 earnings at $2.56 EPS and FY2025 earnings at $9.83 EPS.

ARE has been the topic of a number of other reports. Mizuho raised their target price on Alexandria Real Estate Equities from $145.00 to $154.00 and gave the company a buy rating in a research report on Wednesday, January 3rd. Deutsche Bank Aktiengesellschaft began coverage on Alexandria Real Estate Equities in a research report on Tuesday. They set a buy rating and a $140.00 target price on the stock. StockNews.com began coverage on Alexandria Real Estate Equities in a research report on Thursday, October 5th. They set a sell rating on the stock. JMP Securities dropped their target price on Alexandria Real Estate Equities from $160.00 to $140.00 and set a market outperform rating on the stock in a research report on Friday, December 1st. Finally, BNP Paribas began coverage on shares of Alexandria Real Estate Equities in a research note on Wednesday, October 11th. They issued a neutral rating and a $108.00 price target on the stock. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $137.13.

Get Our Latest Research Report on Alexandria Real Estate Equities

Alexandria Real Estate Equities Price Performance

Shares of ARE opened at $121.52 on Wednesday. The business’s 50-day moving average is $123.66 and its two-hundred day moving average is $113.86. The company has a market capitalization of $21.26 billion, a P/E ratio of 225.04, a P/E/G ratio of 2.42 and a beta of 1.06. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.22 and a current ratio of 0.26. Alexandria Real Estate Equities has a fifty-two week low of $90.73 and a fifty-two week high of $168.73.

Alexandria Real Estate Equities (NYSE:AREGet Free Report) last posted its earnings results on Tuesday, January 30th. The real estate investment trust reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of $2.29 by ($2.83). Alexandria Real Estate Equities had a net margin of 3.59% and a return on equity of 0.46%. The business had revenue of $757.22 million for the quarter, compared to analyst estimates of $740.16 million. During the same quarter last year, the business earned $2.14 earnings per share. Alexandria Real Estate Equities’s revenue was up 13.0% on a year-over-year basis. Research analysts predict that Alexandria Real Estate Equities will post 9.46 earnings per share for the current year.

Alexandria Real Estate Equities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were paid a $1.27 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.24. This represents a $5.08 dividend on an annualized basis and a yield of 4.18%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 940.76%.

Insider Activity at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, EVP Madeleine Thorp Alsbrook sold 4,854 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $119.55, for a total value of $580,295.70. Following the transaction, the executive vice president now directly owns 19,740 shares of the company’s stock, valued at approximately $2,359,917. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Alexandria Real Estate Equities news, insider Daniel J. Ryan sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $118.07, for a total value of $1,180,700.00. Following the transaction, the insider now directly owns 166,308 shares of the company’s stock, valued at approximately $19,635,985.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Madeleine Thorp Alsbrook sold 4,854 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $119.55, for a total transaction of $580,295.70. Following the sale, the executive vice president now directly owns 19,740 shares in the company, valued at approximately $2,359,917. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,354 shares of company stock valued at $2,053,571. 1.60% of the stock is owned by corporate insiders.

Institutional Trading of Alexandria Real Estate Equities

Institutional investors have recently made changes to their positions in the company. Financial Gravity Asset Management Inc. purchased a new stake in shares of Alexandria Real Estate Equities during the 2nd quarter valued at approximately $454,000. Oakworth Capital Inc. purchased a new stake in shares of Alexandria Real Estate Equities during the 4th quarter valued at approximately $25,000. Capital Advisors Ltd. LLC purchased a new stake in shares of Alexandria Real Estate Equities during the 4th quarter valued at approximately $25,000. Resurgent Financial Advisors LLC purchased a new stake in shares of Alexandria Real Estate Equities during the 4th quarter valued at approximately $38,000. Finally, GPS Wealth Strategies Group LLC purchased a new stake in shares of Alexandria Real Estate Equities during the 4th quarter valued at approximately $36,000. Hedge funds and other institutional investors own 86.36% of the company’s stock.

Alexandria Real Estate Equities Company Profile

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

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