Alexandria Real Estate Equities’ (ARE) Outperform Rating Reiterated at Wedbush

Wedbush restated their outperform rating on shares of Alexandria Real Estate Equities (NYSE:ARE) in a report released on Wednesday morning, MarketBeat reports. The firm currently has a $140.00 price target on the real estate investment trust’s stock. Wedbush also issued estimates for Alexandria Real Estate Equities’ Q2 2024 earnings at $2.32 EPS, Q3 2024 earnings at $2.40 EPS, Q4 2024 earnings at $2.40 EPS, Q1 2025 earnings at $2.35 EPS, Q2 2025 earnings at $2.42 EPS and Q4 2025 earnings at $2.57 EPS.

Several other equities research analysts also recently issued reports on the stock. Mizuho raised their target price on shares of Alexandria Real Estate Equities from $145.00 to $154.00 and gave the company a buy rating in a research note on Wednesday, January 3rd. JMP Securities reiterated a market outperform rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Alexandria Real Estate Equities in a research note on Tuesday, January 30th. They issued a buy rating and a $140.00 target price for the company. Finally, StockNews.com upgraded shares of Alexandria Real Estate Equities from a sell rating to a hold rating in a research note on Thursday, March 21st. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $136.75.

Alexandria Real Estate Equities Trading Down 0.9 %

Alexandria Real Estate Equities stock opened at $116.24 on Wednesday. The firm has a 50-day moving average of $122.98 and a 200-day moving average of $117.22. Alexandria Real Estate Equities has a one year low of $90.73 and a one year high of $135.45. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.30 and a quick ratio of 0.26. The company has a market cap of $20.33 billion, a price-to-earnings ratio of 108.64, a P/E/G ratio of 2.68 and a beta of 1.05.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Tuesday, January 30th. The real estate investment trust reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of $2.29 by ($2.83). Alexandria Real Estate Equities had a net margin of 6.65% and a return on equity of 0.87%. The firm had revenue of $757.22 million during the quarter, compared to analyst estimates of $740.16 million. During the same quarter last year, the business posted $2.14 earnings per share. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, equities analysts expect that Alexandria Real Estate Equities will post 9.46 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

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

Insiders Place Their Bets

In other news, CEO Peter M. Moglia sold 3,200 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Chairman Joel S. Marcus sold 7,500 shares of Alexandria Real Estate Equities stock in a transaction that occurred on 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 sale, the chairman now directly owns 429,538 shares in the company, valued at $51,080,658.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Peter M. Moglia sold 3,200 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $122.90, for a total transaction of $393,280.00. Following the completion of the sale, the chief executive officer now owns 249,683 shares of the company’s stock, valued at $30,686,040.70. The disclosure for this sale can be found here. Company insiders own 1.15% of the company’s stock.

Institutional Investors Weigh In On Alexandria Real Estate Equities

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. HHM Wealth Advisors LLC raised its position in Alexandria Real Estate Equities by 340.9% during the fourth quarter. HHM Wealth Advisors LLC now owns 194 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 150 shares in the last quarter. Oakworth Capital Inc. acquired a new position in Alexandria Real Estate Equities during the fourth quarter valued at approximately $25,000. Capital Advisors Ltd. LLC acquired a new position in Alexandria Real Estate Equities during the fourth quarter valued at approximately $25,000. EverSource Wealth Advisors LLC raised its position in Alexandria Real Estate Equities by 275.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 233 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 171 shares in the last quarter. Finally, Mather Group LLC. acquired a new position in Alexandria Real Estate Equities during the first quarter valued at approximately $30,000. 96.54% of the stock is currently owned by institutional investors and hedge funds.

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.