Shares of Alexandria Real Estate Equities Inc (NYSE:ARE) have earned an average rating of “Hold” from the thirteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $101.10.
Several research analysts recently weighed in on ARE shares. GMP Securities reiterated an “average” rating and set a $26.00 price target on shares of Alexandria Real Estate Equities in a research report on Thursday, August 1st. Citigroup lifted their price target on Alexandria Real Estate Equities from $157.00 to $162.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. DA Davidson lifted their price target on Alexandria Real Estate Equities to $166.00 and gave the company a “buy” rating in a research report on Friday, August 16th. JPMorgan Chase & Co. lifted their price target on Alexandria Real Estate Equities from $140.00 to $147.00 and gave the company a “neutral” rating in a research report on Tuesday, August 13th. Finally, Robert W. Baird set a $152.00 price target on Alexandria Real Estate Equities and gave the company a “hold” rating in a research report on Wednesday, August 21st.
In other news, Chairman Joel S. Marcus sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $154.49, for a total value of $1,158,675.00. Following the completion of the sale, the chairman now directly owns 438,462 shares in the company, valued at $67,737,994.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Joel S. Marcus sold 9,750 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $152.75, for a total value of $1,489,312.50. Following the completion of the sale, the chairman now owns 445,962 shares of the company’s stock, valued at $68,120,695.50. The disclosure for this sale can be found here. Insiders sold 29,183 shares of company stock valued at $4,409,057 over the last 90 days. Company insiders own 1.43% of the company’s stock.
ARE stock traded up $1.22 during trading on Friday, hitting $155.13. 477,200 shares of the company traded hands, compared to its average volume of 716,702. The stock’s 50-day simple moving average is $155.23 and its 200 day simple moving average is $148.53. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.37 and a quick ratio of 0.37. The company has a market cap of $17.59 billion, a PE ratio of 23.50, a P/E/G ratio of 4.33 and a beta of 0.71. Alexandria Real Estate Equities has a 1 year low of $109.04 and a 1 year high of $160.25.
Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, October 28th. The real estate investment trust reported ($0.44) earnings per share for the quarter, missing the consensus estimate of $1.75 by ($2.19). The company had revenue of $390.50 million for the quarter, compared to analysts’ expectations of $389.99 million. Alexandria Real Estate Equities had a net margin of 9.29% and a return on equity of 1.63%. The firm’s revenue was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.66 earnings per share. Research analysts expect that Alexandria Real Estate Equities will post 6.97 earnings per share for the current year.
The firm also recently disclosed a — dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $1.00 dividend. This represents a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, September 27th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 60.61%.
About Alexandria Real Estate Equities
Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> company, is an urban office real estate investment trust ("REIT") uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations, with a total market capitalization of $21.8 billion and an asset base in North America of 33.7 million square feet ("SF") as of March 31, 2019.
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