Alexandria Real Estate Equities (NYSE:ARE) Price Target Lowered to $132.00 at Evercore ISI

Alexandria Real Estate Equities (NYSE:ARE) had its price target decreased by Evercore ISI from $137.00 to $132.00 in a research note published on Thursday morning, Benzinga reports. Evercore ISI currently has an outperform rating on the real estate investment trust’s stock.

Several other equities research analysts also recently weighed in on ARE. Wedbush reiterated an outperform rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 24th. StockNews.com upgraded shares of Alexandria Real Estate Equities from a sell rating to a hold rating in a research report on Thursday, March 21st. Mizuho raised their price objective on shares of Alexandria Real Estate Equities from $145.00 to $154.00 and gave the company a buy rating in a research report on Wednesday, January 3rd. JMP Securities restated a market outperform rating and issued a $140.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 31st. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Alexandria Real Estate Equities in a research report on Tuesday, January 30th. They issued a buy rating and a $140.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $136.75.

Alexandria Real Estate Equities Stock Performance

Shares of ARE stock opened at $116.24 on Thursday. Alexandria Real Estate Equities has a 1 year low of $90.73 and a 1 year high of $135.45. The firm has a market cap of $20.33 billion, a price-to-earnings ratio of 108.64, a PEG ratio of 2.66 and a beta of 1.05. The stock’s 50-day moving average is $122.98 and its two-hundred day moving average is $117.33. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.26 and a current ratio of 0.30.

Alexandria Real Estate Equities (NYSE:ARE) last announced its 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 return on equity of 0.87% and a net margin of 6.65%. The business had revenue of $757.22 million for the quarter, compared to analyst estimates of $740.16 million. During the same quarter last year, the company posted $2.14 EPS. Alexandria Real Estate Equities’s quarterly revenue was up 13.0% on a year-over-year basis. Analysts predict that Alexandria Real Estate Equities will post 9.46 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $1.27 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $5.08 dividend on an annualized basis and a yield of 4.37%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 474.77%.

Insider Buying and Selling at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus sold 7,500 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $118.92, for a total value of $891,900.00. Following the completion of the transaction, the chairman now directly owns 429,538 shares of the company’s stock, valued at $51,080,658.96. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, Chairman Joel S. Marcus sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $118.92, for a total transaction of $891,900.00. Following the completion of the transaction, the chairman now directly owns 429,538 shares of the company’s stock, valued at approximately $51,080,658.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Peter M. Moglia sold 3,200 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $122.90, for a total transaction of $393,280.00. Following the transaction, the chief executive officer now directly owns 249,683 shares of the company’s stock, valued at $30,686,040.70. The disclosure for this sale can be found here. 1.15% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Oakworth Capital Inc. purchased a new position in shares of Alexandria Real Estate Equities during the 4th quarter worth approximately $25,000. Capital Advisors Ltd. LLC purchased a new stake in Alexandria Real Estate Equities in the 4th quarter worth approximately $25,000. HHM Wealth Advisors LLC grew its stake in Alexandria Real Estate Equities by 340.9% in the 4th quarter. HHM Wealth Advisors LLC now owns 194 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 150 shares during the period. Parkside Financial Bank & Trust grew its stake in Alexandria Real Estate Equities by 61.7% in the 3rd quarter. Parkside Financial Bank & Trust now owns 291 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 111 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in Alexandria Real Estate Equities by 275.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 233 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 171 shares during the period. 96.54% of the stock is owned by hedge funds and other institutional investors.

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 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.