Alexandria Real Estate Equities, Inc. (NYSE:ARE) Receives Consensus Rating of “Moderate Buy” from Brokerages

August 21, 2022 Beth McCandry

Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Rating) has been given an average rating of “Moderate Buy” by the seven research firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average 12-month objective price among brokers that have updated their coverage on the stock in the last year is $186.25.

ARE has been the subject of several research reports. Credit Suisse Group initiated coverage on shares of Alexandria Real Estate Equities in a research note on Wednesday, June 22nd. They set a “neutral” rating and a $140.00 price target for the company. JMP Securities decreased their price target on shares in Alexandria Real Estate Equities from $230.00 to $200.00 and set a “market outperform” rating for the company in a research note on Wednesday, July 27th. Mizuho decreased their price target on shares in Alexandria Real Estate Equities from $219.00 to $172.00 and set a “buy” rating for the company in a research note on Thursday, June 23rd. Finally, StockNews.com cut shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research note on Saturday, August 13th.

Alexandria Real Estate Equities Stock Down 1.6%

Shares of NYSE ARE opened at $163.15 on Friday. The firm has a market capitalization of $26.62 billion, a PE ratio of 88.19, a price-to-earnings-growth ratio of 2.55 and a beta of 0.92. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.50. Alexandria Real Estate Equities has a 1 year low of $130.00 and a 1 year high of $224.95. The firm’s 50-day moving average is $150.57 and its 200-day moving average is $172.28.

Alexandria Real Estate Equities (NYSE:ARE – Get Rating) last announced its quarterly earnings results on Monday, July 25th. The real estate investment trust reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $1.01. The business had revenue of $643.80 million for the quarter, compared to the consensus estimate of $633.13 million. Alexandria Real Estate Equities had a net margin of 12.54% and a return on equity of 1.93%. Alexandria Real Estate Equities’s revenue for the quarter was up 26.3% on a year-over-year basis. During the same period last year, the company posted $1.93 EPS. Equities analysts expect that Alexandria Real Estate Equities will post 8.41 EPS for the current year.

Alexandria Real Estate Equities Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were given a dividend of $1.18 per share. This represents a $4.72 dividend on an annualized basis and a yield of 2.89%. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Wednesday, June 29th. Alexandria Real Estate Equities’s payout ratio is 255.14%.

Insider Transactions at Alexandria Real Estate Equities

In other news, Director Maria C. Freire sold 2,311 shares of Alexandria Real Estate Equities stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $163.04, for a total transaction of $376,785.44. Following the completion of the sale, the director now owns 3,000 shares of the company’s stock, valued at $489,120. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Maria C. Freire sold 2,311 shares of the business’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $163.04, for a total value of $376,785.44. Following the completion of the transaction, the director now owns 3,000 shares of the company’s stock, valued at $489,120. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Real Estate Equitie Alexandria purchased 3,500,000 shares of the company’s stock in a transaction that occurred on Monday, June 27th. The stock was bought at an average cost of $1.00 per share, with a total value of $3,500,000.00. Following the purchase, the insider now owns 4,555,077 shares of the company’s stock, valued at $4,555,077. The disclosure for this purchase can be found here. Insiders own 0.96% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ARE. Ronald Blue Trust Inc. bought a new stake in shares of Alexandria Real Estate Equities during the second quarter worth about $25,000. Industrial Alliance Investment Management Inc. bought a new stake in shares of Alexandria Real Estate Equities during the fourth quarter worth about $26,000. DB Wealth Management Group LLC bought a new stake in shares of Alexandria Real Estate Equities during the first quarter worth about $26,000. Confluence Wealth Services Inc. bought a new stake in shares of Alexandria Real Estate Equities during the fourth quarter worth about $27,000. Finally, Bank of New Hampshire bought a new stake in shares of Alexandria Real Estate Equities during the first quarter worth about $28,000. Institutional investors and hedge funds own 94.49% of the company’s stock.

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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