StockNews.com Upgrades Alexandria Real Estate Equities (NYSE:ARE) to Hold

StockNews.com upgraded shares of Alexandria Real Estate Equities (NYSE:AREFree Report) from a sell rating to a hold rating in a research report report published on Friday morning.

Other analysts have also recently issued research reports about the stock. Royal Bank of Canada cut their price target on shares of Alexandria Real Estate Equities from $163.00 to $138.00 and set an outperform rating for the company in a research note on Tuesday, October 10th. JMP Securities reiterated a market outperform rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 31st. Wedbush reiterated an outperform rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft started coverage on shares of Alexandria Real Estate Equities in a research note on Tuesday, January 30th. They issued a buy rating and a $140.00 price target for the company. Finally, BNP Paribas started coverage on shares of Alexandria Real Estate Equities in a research report on Wednesday, October 11th. They issued a neutral rating and a $108.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $137.13.

Get Our Latest Research Report on Alexandria Real Estate Equities

Alexandria Real Estate Equities Stock Down 0.8 %

Shares of NYSE:ARE opened at $121.46 on Friday. Alexandria Real Estate Equities has a 52 week low of $90.73 and a 52 week high of $168.73. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.22 and a current ratio of 0.26. The company has a market capitalization of $21.25 billion, a PE ratio of 224.93, a PEG ratio of 2.43 and a beta of 1.06. The company has a 50 day moving average price of $123.66 and a two-hundred day moving average price of $113.80.

Alexandria Real Estate Equities (NYSE:AREGet Free Report) last released its quarterly earnings results on Tuesday, January 30th. The real estate investment trust reported ($0.54) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $757.22 million during the quarter, compared to analyst estimates of $740.16 million. During the same quarter last year, the company earned $2.14 EPS. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. Analysts forecast that Alexandria Real Estate Equities will post 9.46 earnings per share for the current year.

Alexandria Real Estate Equities Increases Dividend

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

Insider Buying and Selling

In other news, EVP Kristina Fukuzaki-Carlson sold 2,500 shares of the stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $117.03, for a total value of $292,575.00. Following the transaction, the executive vice president now owns 30,070 shares of the company’s stock, valued at approximately $3,519,092.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Kristina Fukuzaki-Carlson sold 2,500 shares of the stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $117.03, for a total transaction of $292,575.00. Following the transaction, the executive vice president now owns 30,070 shares of the company’s stock, valued at approximately $3,519,092.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Daniel J. Ryan sold 10,000 shares of the stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $118.07, for a total transaction of $1,180,700.00. Following the sale, the insider now directly owns 166,308 shares of the company’s stock, valued at approximately $19,635,985.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,354 shares of company stock valued at $2,053,571. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ARE. Oakworth Capital Inc. bought a new position in shares of Alexandria Real Estate Equities in the 4th quarter worth about $25,000. Capital Advisors Ltd. LLC bought a new stake in Alexandria Real Estate Equities during the 4th quarter valued at about $25,000. Parkside Financial Bank & Trust increased its stake in Alexandria Real Estate Equities by 61.7% during the 3rd quarter. Parkside Financial Bank & Trust now owns 291 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 111 shares in the last quarter. Ronald Blue Trust Inc. increased its stake in Alexandria Real Estate Equities by 142.5% during the 3rd quarter. Ronald Blue Trust Inc. now owns 325 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 191 shares in the last quarter. Finally, CENTRAL TRUST Co bought a new stake in Alexandria Real Estate Equities during the 3rd quarter valued at about $33,000. 86.36% of the stock is currently owned by institutional investors.

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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