Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Rating) has earned a consensus rating of “Moderate Buy” from the nine research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $166.17.
Several brokerages recently commented on ARE. Mizuho dropped their target price on Alexandria Real Estate Equities from $219.00 to $172.00 and set a “buy” rating on the stock in a report on Thursday, June 23rd. StockNews.com cut Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a report on Thursday, April 28th. TheStreet cut Alexandria Real Estate Equities from a “b-” rating to a “c+” rating in a report on Friday, March 11th. Finally, Credit Suisse Group began coverage on Alexandria Real Estate Equities in a report on Wednesday, June 22nd. They set a “neutral” rating and a $140.00 target price on the stock.
In related news, CEO Stephen Richardson sold 5,000 shares of the stock in a transaction on Monday, May 9th. The stock was sold at an average price of $171.47, for a total value of $857,350.00. Following the completion of the transaction, the chief executive officer now owns 175,602 shares in the company, valued at approximately $30,110,474.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Real Estate Equitie Alexandria purchased 3,500,000 shares of the firm’s stock in a transaction that occurred on Monday, June 27th. The stock was bought at an average price of $1.00 per share, with a total value of $3,500,000.00. Following the transaction, the insider now directly owns 4,555,077 shares in the company, valued at $4,555,077. The disclosure for this purchase can be found here. Company insiders own 0.96% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Confluence Wealth Services Inc. acquired a new stake in Alexandria Real Estate Equities during the 4th quarter worth about $27,000. DB Wealth Management Group LLC acquired a new stake in Alexandria Real Estate Equities during the 1st quarter worth about $26,000. Bank of New Hampshire acquired a new stake in Alexandria Real Estate Equities during the 1st quarter worth about $28,000. Tcwp LLC acquired a new stake in Alexandria Real Estate Equities during the 1st quarter worth about $31,000. Finally, Riverview Trust Co acquired a new stake in Alexandria Real Estate Equities during the 1st quarter worth about $32,000. Hedge funds and other institutional investors own 94.49% of the company’s stock.
ARE opened at $148.13 on Friday. The business’s 50 day moving average is $159.33 and its 200-day moving average is $185.46. The stock has a market cap of $24.18 billion, a PE ratio of 53.09, a price-to-earnings-growth ratio of 2.21 and a beta of 0.85. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.51. Alexandria Real Estate Equities has a twelve month low of $130.00 and a twelve month high of $224.95.
Alexandria Real Estate Equities (NYSE:ARE – Get Rating) last released its quarterly earnings results on Monday, April 25th. The real estate investment trust reported ($0.96) earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($1.71). The business had revenue of $615.10 million for the quarter, compared to the consensus estimate of $595.35 million. Alexandria Real Estate Equities had a net margin of 18.30% and a return on equity of 2.28%. The business’s quarterly revenue was up 28.2% on a year-over-year basis. During the same period last year, the firm posted $1.91 EPS. As a group, analysts forecast that Alexandria Real Estate Equities will post 8.4 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be given a $1.18 dividend. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Wednesday, June 29th. This represents a $4.72 dividend on an annualized basis and a dividend yield of 3.19%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 169.18%.
About Alexandria Real Estate Equities (GetRated)
Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500® urban office real estate investment trust (“REIT”), is the first, longest-tenured, and pioneering owner, operator, and developer uniquely focused on collaborative life science, technology, and agtech campuses in AAA innovation cluster locations, with a total market capitalization of $31.9 billion as of December 31, 2020, and an asset base in North America of 49.7 million square feet (“SF” ).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to firstname.lastname@example.org.
Should you invest $1,000 in Alexandria Real Estate Equities right now?
Before you consider Alexandria Real Estate Equities, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Alexandria Real Estate Equities wasn’t on the list.
While Alexandria Real Estate Equities currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The 5 Stocks Here