Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Free Report) have been given an average rating of “Buy” by the seven ratings firms that are currently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy rating. The average 1 year target price among brokers that have covered the stock in the last year is $160.63.
Several research firms have recently issued reports on ARE. JMP Securities lowered their price target on shares of Alexandria Real Estate Equities from $180.00 to $160.00 and set a “market outperform” rating on the stock in a research report on Wednesday, July 26th. Evercore ISI lowered their price target on shares of Alexandria Real Estate Equities from $137.00 to $135.00 and set an “outperform” rating on the stock in a report on Wednesday, August 16th. Jefferies Financial Group assumed coverage on shares of Alexandria Real Estate Equities in a research report on Thursday, July 20th. They issued a “buy” rating and a $142.00 price objective for the company. Finally, StockNews.com initiated coverage on shares of Alexandria Real Estate Equities in a report on Thursday, August 17th. They issued a “sell” rating on the stock.
Check Out Our Latest Stock Report on ARE
Institutional Investors Weigh In On Alexandria Real Estate Equities
Alexandria Real Estate Equities Stock Performance
Shares of ARE stock opened at $115.01 on Thursday. Alexandria Real Estate Equities has a 52 week low of $108.81 and a 52 week high of $172.65. The firm’s 50-day simple moving average is $119.02 and its two-hundred day simple moving average is $121.73. The firm has a market cap of $19.90 billion, a price-to-earnings ratio of 34.13, a P/E/G ratio of 3.21 and a beta of 0.94. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.39 and a current ratio of 0.39.
Alexandria Real Estate Equities (NYSE:ARE – Get Free Report) last posted its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.51 EPS for the quarter, missing the consensus estimate of $2.20 by ($1.69). Alexandria Real Estate Equities had a net margin of 20.65% and a return on equity of 2.54%. The firm had revenue of $713.90 million during the quarter, compared to analysts’ expectations of $700.22 million. During the same quarter in the previous year, the company posted $2.10 EPS. Alexandria Real Estate Equities’s revenue for the quarter was up 10.9% on a year-over-year basis. As a group, equities analysts forecast that Alexandria Real Estate Equities will post 8.96 earnings per share for the current year.
Alexandria Real Estate Equities Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be issued a dividend of $1.24 per share. This represents a $4.96 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date of this dividend is Thursday, September 28th. Alexandria Real Estate Equities’s dividend payout ratio is currently 147.18%.
About Alexandria Real Estate Equities
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 its founding in 1994, Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative life science, agtech, and advanced technology 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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