Wedbush Reiterates Neutral Rating for Alexandria Real Estate Equities (NYSE:ARE)

Wedbush restated their neutral rating on shares of Alexandria Real Estate Equities (NYSE:ARE) in a research report released on Wednesday,RTT News reports. They currently have a $104.00 target price on the real estate investment trust’s stock.

Several other equities research analysts also recently weighed in on ARE. Evercore ISI dropped their target price on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating for the company in a research report on Wednesday, October 23rd. Royal Bank of Canada lowered their price objective on Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating for the company in a report on Tuesday, December 17th. Robert W. Baird reduced their target price on Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. JMP Securities reiterated a “market outperform” rating and issued a $130.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $135.00 to $112.00 in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $121.30.

Alexandria Real Estate Equities Stock Down 1.3 %

Shares of NYSE ARE opened at $95.98 on Wednesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.20 and a current ratio of 0.20. Alexandria Real Estate Equities has a 1 year low of $94.35 and a 1 year high of $130.14. The stock’s 50-day simple moving average is $101.92 and its 200-day simple moving average is $111.87. The firm has a market cap of $16.77 billion, a price-to-earnings ratio of 58.52, a PEG ratio of 3.85 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $1.48. Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. As a group, equities analysts anticipate that Alexandria Real Estate Equities will post 9.47 earnings per share for the current fiscal year.

Alexandria Real Estate Equities declared that its board has initiated a share repurchase plan on Monday, December 9th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the real estate investment trust to purchase up to 2.7% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Alexandria Real Estate Equities Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a dividend yield of 5.50%. The ex-dividend date was Tuesday, December 31st. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 321.95%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ARE. Catalyst Capital Advisors LLC acquired a new position in shares of Alexandria Real Estate Equities during the third quarter worth approximately $25,000. Ashton Thomas Securities LLC bought a new stake in Alexandria Real Estate Equities during the 3rd quarter valued at $30,000. Venturi Wealth Management LLC boosted its position in Alexandria Real Estate Equities by 144.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 180 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Alexandria Real Estate Equities in the third quarter worth $43,000. Finally, M&R Capital Management Inc. acquired a new position in shares of Alexandria Real Estate Equities during the third quarter valued at $50,000. Institutional investors 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.