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Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $136.75.
ARE has been the subject of a number of research analyst reports. StockNews.com upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. Evercore ISI lowered their price objective on shares of Alexandria Real Estate Equities from $137.00 to $132.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. Finally, Wedbush reiterated an “outperform” rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 24th.
View Our Latest Report on Alexandria Real Estate Equities
Insider Buying and Selling at Alexandria Real Estate Equities
In related news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $4.21, for a total value of $631,500.00. Following the sale, the insider now owns 6,005,077 shares of the company’s stock, valued at approximately $25,281,374.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.15% of the company’s stock.
Institutional Investors Weigh In On Alexandria Real Estate Equities
Hedge funds and other institutional investors have recently bought and sold shares of the business. Oakworth Capital Inc. bought a new position in Alexandria Real Estate Equities in the 4th quarter valued at $25,000. Capital Advisors Ltd. LLC bought a new stake in Alexandria Real Estate Equities during the fourth quarter valued at approximately $25,000. HHM Wealth Advisors LLC grew its stake in Alexandria Real Estate Equities by 340.9% in the 4th quarter. HHM Wealth Advisors LLC now owns 194 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 150 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Alexandria Real Estate Equities by 61.7% in the 3rd quarter. Parkside Financial Bank & Trust now owns 291 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 111 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Alexandria Real Estate Equities by 275.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 233 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 171 shares during the last quarter. Institutional investors own 96.54% of the company’s stock.
Alexandria Real Estate Equities Price Performance
Shares of ARE opened at $114.49 on Friday. The business has a 50-day moving average of $120.09 and a 200-day moving average of $121.55. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.30 and a quick ratio of 0.30. The company has a market capitalization of $20.02 billion, a price-to-earnings ratio of 107.00, a price-to-earnings-growth ratio of 2.91 and a beta of 1.12. Alexandria Real Estate Equities has a 1 year low of $90.73 and a 1 year high of $135.45.
Alexandria Real Estate Equities Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a dividend of $1.30 per share. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. This represents a $5.20 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date of this dividend is Thursday, June 27th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 474.77%.
Alexandria Real Estate Equities Company Profile
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.
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