Alexandria Real Estate Equities (NYSE:ARE – Rating Received) Mizuho’s target price was lowered to $172.00 from $219.00 in a report published Thursday, reports The Fly. Mizuho currently has a Buy rating on Real Estate Investment Trust stock.
Several other equity analysts also recently commented on the stock. StockNews.com lowered shares of Alexandria Real Estate Equities from a hold rating to a sell rating in a research report Thursday, April 28. Credit Suisse Group began coverage of shares in Alexandria Real Estate Equities in a report on Wednesday. They issued a neutral rating and a price target of $140.00 on the stock. Finally, in a report on Friday, March 11, TheStreet downgraded shares of Alexandria Real Estate Equities from a B rating to a C+ rating. One analyst has rated the stock with a sell rating, two with a hold rating and five with a buy rating. Based on data from MarketBeat, Alexandria Real Estate Equities currently has a consensus rating of Moderate Buy and an average target price of $166.17.
Shares of ARE stock opened at $137.95 on Thursday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt to equity ratio of 0.51. Alexandria Real Estate Equities has a 52-week low of $130.00 and a 52-week high of $224.95. The stock has a market cap of $22.52 billion, a P/E of 49.44, a P/E of 2.03, and a beta of 0.85. The company has a 50-day moving average of $165.59 and a 200-day moving average of $188.24.
Alexandria Real Estate Equities (NYSE:ARE – Get Rating) last reported its quarterly earnings results on Monday, April 25th. The Real Estate Investment Trust reported ($0.96) EPS for the quarter, missing the consensus estimate of $0.75 by ($1.71). Alexandria Real Estate Equities had a net margin of 18.30% and a return on equity of 2.28%. The company had revenue of $615.10 million for the quarter, compared to analysts’ expectations of $595.35 million. In the same period last year, the company earned $1.91 per share. The company’s quarterly revenue increased 28.2% year over year. Analysts expect Alexandria Real Estate Equities to post 8.4 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30 will receive a dividend of $1.18 per share. This is a positive change from Alexandria Real Estate Equities’ previous quarterly dividend of $1.15. That equates to an annualized dividend of $4.72 and a yield of 3.42%. The ex-dividend date of this dividend is Wednesday June 29th. Alexandria Real Estate Equities’ Dividend Payout Ratio (DPR) is currently 164.88%.
In related news, CEO Stephen Richardson sold 5,000 shares of Alexandria Real Estate Equities in one transaction on Monday, May 9th. The shares were sold at an average price of $171.47 for a total transaction of $857,350.00. Following the sale, the Chief Executive Officer now directly owns 175,602 shares of the Company, valued at approximately $30,110,474.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, available at this hyperlink. Also on Wednesday, April 27, General Counsel Jackie B. Clem sold 1,865 shares of Alexandria Real Estate Equities in a transaction. The shares sold at an average price of $189.55 for a total transaction of $353,510.75. Upon completion of the transaction, the General Counsel now owns 24,039 shares of the Company, valued at $4,556,592.45. The disclosure for this sale can be found here. 0.96% of the shares are owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares in the company. Community Capital Management LLC increased its holding in Alexandria Real Estate Equities by 2.2% during the fourth quarter. Community Capital Management LLC now owns 2,300 shares of the Real Estate Investment Trust valued at $502,000 after purchasing an additional 50 shares during the period. Outlook Wealth Advisors LLC increased its holding in Alexandria Real Estate Equities by 3.0% in the fourth quarter. Outlook Wealth Advisors LLC now owns 1,741 shares of the Real Estate Investment Trust, valued at $388,000, having purchased an additional 51 shares during the period. Parallel Advisors LLC increased its stake in Alexandria Real Estate Equities by 6.2% during the first quarter. Parallel Advisors LLC now owns 1,004 shares of the Real Estate Investment Trust valued at $203,000 after purchasing an additional 59 shares during the period. Clearview Wealth Advisors LLC increased its holding in Alexandria Real Estate Equities by 23.7% in the fourth quarter. Clearview Wealth Advisors LLC now owns 313 shares of the Real Estate Investment Trust, valued at $70,000, having purchased an additional 60 shares during the period. Finally, Wambolt & Associates LLC increased its stake in Alexandria Real Estate Equities by 1.6% during the first quarter. Wambolt & Associates LLC now owns 4,311 shares of the Real Estate Investment Trust valued at $888,000 after purchasing an additional 66 shares during the period. Institutional investors own 94.49% of the company’s shares.
Alexandria Real Estate Equities Company Profile (received rating)
Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500®– Urban Office Investment Trust (“REIT”), is the first, longest-serving and pioneering owner, operator and developer with a unique focus on collaborative life science, technology and agtech campuses in locations of AAA innovation clusters with a total market capitalization of $31.9 billion as of December 31, 2020 and a North American asset base of 49.7 million square feet (“SF”)).
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