Alexandria Real Estate Equities, Inc. (NYSE:ARE) Given Average Rating of “Moderate Buy” by Analysts

Alexandria Real Estate Equities, Inc. (NYSE:ARE) has earned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $136.75.

ARE has been the topic of a number of research analyst reports. Wedbush reiterated an “outperform” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 24th. Evercore ISI dropped their price objective on Alexandria Real Estate Equities from $137.00 to $132.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Finally, StockNews.com upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st.

Alexandria Real Estate Equities Stock Performance

NYSE ARE opened at $116.30 on Friday. The firm’s fifty day moving average price is $119.23 and its two-hundred day moving average price is $121.92. 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 capitalization of $20.34 billion, a P/E ratio of 108.69, a price-to-earnings-growth ratio of 2.90 and a beta of 1.12. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.54.

Alexandria Real Estate Equities Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date of this dividend is Thursday, June 27th. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. Alexandria Real Estate Equities’s payout ratio is currently 474.77%.

Insider Activity

In other Alexandria Real Estate Equities news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $4.21, for a total value of $631,500.00. Following the transaction, the insider now directly owns 6,005,077 shares of the company’s stock, valued at approximately $25,281,374.17. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.15% of the stock is owned by company insiders.

Institutional Trading of Alexandria Real Estate Equities

Hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Alexandria Real Estate Equities in the fourth quarter valued at approximately $2,086,085,000. M&G Plc acquired a new stake in Alexandria Real Estate Equities during the first quarter worth approximately $204,001,000. Jennison Associates LLC increased its stake in Alexandria Real Estate Equities by 180.3% during the 4th quarter. Jennison Associates LLC now owns 1,010,943 shares of the real estate investment trust’s stock worth $128,157,000 after acquiring an additional 650,248 shares during the period. Russell Investments Group Ltd. raised its holdings in Alexandria Real Estate Equities by 153.0% in the 1st quarter. Russell Investments Group Ltd. now owns 777,345 shares of the real estate investment trust’s stock valued at $100,205,000 after acquiring an additional 470,076 shares in the last quarter. Finally, DAVENPORT & Co LLC bought a new stake in shares of Alexandria Real Estate Equities during the 1st quarter valued at $55,075,000. Institutional investors and hedge funds own 96.54% of the company’s stock.

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.