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

December 6, 2022 Beth McCandry

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Rating) have earned an average recommendation of “Hold” from the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $173.43.

A number of equities analysts recently commented on the company. Evercore ISI dropped their price target on Alexandria Real Estate Equities to $168.00 in a research note on Friday. Robert W. Baird increased their price target on Alexandria Real Estate Equities from $151.00 to $162.00 in a research note on Friday. JMP Securities restated a “buy” rating and set a $180.00 price objective on shares of Alexandria Real Estate Equities in a research report on Thursday, October 6th. Mizuho upped their price objective on Alexandria Real Estate Equities from $172.00 to $178.00 and gave the company a “buy” rating in a research report on Monday, September 12th. Finally, Royal Bank of Canada decreased their price objective on Alexandria Real Estate Equities from $220.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, November 10th.

Alexandria Real Estate Equities Stock Performance

NYSE ARE opened at $150.58 on Tuesday. The firm has a market cap of $24.71 billion, a price-to-earnings ratio of 45.77, a price-to-earnings-growth ratio of 2.36 and a beta of 0.91. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average price of $143.38 and a 200-day moving average price of $149.58. Alexandria Real Estate Equities has a twelve month low of $126.74 and a twelve month high of $224.95.

Alexandria Real Estate Equities (NYSE:ARE – Get Rating) last announced its quarterly earnings results on Tuesday, October 25th. The real estate investment trust reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.12 by ($0.01). Alexandria Real Estate Equities had a net margin of 21.73% and a return on equity of 3.03%. The firm had revenue of $659.90 million for the quarter, compared to the consensus estimate of $657.48 million. During the same period in the previous year, the company posted $1.95 earnings per share. Alexandria Real Estate Equities’s quarterly revenue was up 20.5% on a year-over-year basis. As a group, equities research analysts predict that Alexandria Real Estate Equities will post 8.41 EPS for the current fiscal year.

Alexandria Real Estate Equities Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Friday, December 30th will be issued a $1.21 dividend. This represents a $4.84 annualized dividend and a dividend yield of 3.21%. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.18. Alexandria Real Estate Equities’ dividend payout ratio is currently 143.47%.

Insider Transactions at Alexandria Real Estate Equities

In other news, EVP Marc E. Binda sold 3,316 shares of the stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $154.00, for a total value of $510,664.00. Following the sale, the executive vice president now directly owns 49,413 shares in the company, valued at $7,609,602. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.96% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Wambolt & Associates LLC increased its holdings in Alexandria Real Estate Equities by 1.6% during the 1st quarter. Wambolt & Associates LLC now owns 4,311 shares of the real estate investment trust’s stock worth $888,000 after purchasing an additional 66 shares during the period. OneAscent Wealth Management LLC increased its holdings in Alexandria Real Estate Equities by 3.2% during the 2nd quarter. OneAscent Wealth Management LLC now owns 2,137 shares of the real estate investment trust’s stock worth $312,000 after purchasing an additional 66 shares during the period. Veritable LP increased its holdings in Alexandria Real Estate Equities by 2.6% during the 1st quarter. Veritable LP now owns 2,611 shares of the real estate investment trust’s stock worth $525,000 after purchasing an additional 67 shares during the period. Cetera Advisor Networks LLC increased its holdings in Alexandria Real Estate Equities by 7.3% during the 1st quarter. Cetera Advisor Networks LLC now owns 1,086 shares of the real estate investment trust’s stock worth $219,000 after purchasing an additional 74 shares during the period. Finally, Prudential PLC boosted its position in Alexandria Real Estate Equities by 2.7% during the 2nd quarter. Prudential PLC now owns 3,021 shares of the real estate investment trust’s stock valued at $438,000 after acquiring an additional 78 shares in the last quarter. 91.81% of the stock is currently owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Company Profile

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Alexandria Real Estate Equities, Inc (NYSE:ARE), on the S&P 500^® urban office real estate investment trust (“REIT”), is the first, longest-tenured, and pioneering owner, operator, and developer uniquely focused on collaborative life science, technology, and agtech campuses in AAA innovation cluster locations, with a total market capitalization of $31.9 billion as of December 31, 2020, and an asset base in North America of 49.7 million square feet (“SF”).

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