Alexandria Real Estate Equities (ARE) Raised to “Buy” at ValuEngine

ValuEngine upgraded shares of Alexandria Real Estate Equities (NYSE:ARE) from a hold rating to a buy rating in a research report released on Thursday.

A number of other analysts also recently issued reports on ARE. Citigroup lifted their price objective on shares of Alexandria Real Estate Equities from $127.00 to $133.00 and gave the company a neutral rating in a report on Wednesday, August 8th. Evercore ISI set a $148.00 price objective on shares of Alexandria Real Estate Equities and gave the company a buy rating in a report on Monday, October 15th. Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a hold rating to a buy rating and set a $136.00 price objective on the stock in a report on Monday, October 29th. Finally, Barclays lowered their price objective on shares of Alexandria Real Estate Equities from $126.00 to $125.00 and set an overweight rating on the stock in a report on Monday, December 3rd. Eight equities research analysts have rated the stock with a buy rating, Alexandria Real Estate Equities presently has a consensus rating of Buy and an average target price of $120.34.

NYSE ARE opened at $126.17 on Thursday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.27 and a current ratio of 0.27. Alexandria Real Estate Equities has a 12-month low of $114.00 and a 12-month high of $134.37. The company has a market capitalization of $13.57 billion, a PE ratio of 20.96, a price-to-earnings-growth ratio of 2.95 and a beta of 0.72.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Monday, October 29th. The real estate investment trust reported $1.99 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $1.50. Alexandria Real Estate Equities had a net margin of 34.48% and a return on equity of 6.50%. The company had revenue of $341.80 million for the quarter, compared to the consensus estimate of $343.42 million. During the same period last year, the company earned $1.51 earnings per share. The firm’s revenue was up 19.7% compared to the same quarter last year. On average, analysts predict that Alexandria Real Estate Equities will post 6.62 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be paid a $0.97 dividend. The ex-dividend date of this dividend is Friday, December 28th. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $0.93. This represents a $3.88 annualized dividend and a dividend yield of 3.08%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 61.79%.

In related news, Director James P. Cain sold 450 shares of the firm’s stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $122.23, for a total value of $55,003.50. Following the completion of the transaction, the director now directly owns 3,040 shares of the company’s stock, valued at $371,579.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Stephen Richardson sold 7,500 shares of the firm’s stock in a transaction on Tuesday, December 4th. The shares were sold at an average price of $125.09, for a total transaction of $938,175.00. The disclosure for this sale can be found here. Insiders sold 32,950 shares of company stock valued at $4,083,729 over the last three months. 1.41% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in ARE. Envestnet Asset Management Inc. boosted its position in Alexandria Real Estate Equities by 45.4% during the second quarter. Envestnet Asset Management Inc. now owns 14,278 shares of the real estate investment trust’s stock worth $1,801,000 after purchasing an additional 4,459 shares during the period. OppenheimerFunds Inc. boosted its position in Alexandria Real Estate Equities by 336.4% during the second quarter. OppenheimerFunds Inc. now owns 105,067 shares of the real estate investment trust’s stock worth $13,256,000 after purchasing an additional 80,991 shares during the period. Nissay Asset Management Corp Japan ADV boosted its position in Alexandria Real Estate Equities by 7.3% during the second quarter. Nissay Asset Management Corp Japan ADV now owns 14,435 shares of the real estate investment trust’s stock worth $1,821,000 after purchasing an additional 987 shares during the period. Lourd Capital LLC bought a new position in Alexandria Real Estate Equities during the third quarter worth $256,000. Finally, SG Americas Securities LLC boosted its position in Alexandria Real Estate Equities by 45.3% during the second quarter. SG Americas Securities LLC now owns 43,292 shares of the real estate investment trust’s stock worth $5,462,000 after purchasing an additional 13,489 shares during the period.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500 company, is an urban office real estate investment trust (“REIT”) uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations, with a total market capitalization of $19.1 billion and an asset base in North America of 32.2 million square feet (“SF”) as of September 30, 2018.

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Analyst Recommendations for Alexandria Real Estate Equities (NYSE:ARE)

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