Barclays Raises Alexandria Real Estate Equities (NYSE:ARE) Price Target to $155.00

Alexandria Real Estate Equities (NYSE:ARE) had its target price boosted by Barclays from $153.00 to $155.00 in a research report released on Tuesday, BenzingaRatingsTable reports. Barclays currently has an equal weight rating on the real estate investment trust’s stock.

ARE has been the subject of several other research reports. Royal Bank of Canada lowered shares of Alexandria Real Estate Equities from a top pick rating to an outperform rating and increased their target price for the stock from $155.00 to $165.00 in a research note on Wednesday, December 18th. Raymond James set a $26.00 target price on shares of Alexandria Real Estate Equities and gave the stock a strong-buy rating in a research note on Saturday, December 21st. Finally, JPMorgan Chase & Co. raised shares of Alexandria Real Estate Equities from a neutral rating to an overweight rating and increased their target price for the stock from $147.00 to $169.00 in a research note on Wednesday, December 18th. Seven investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $120.91.

Alexandria Real Estate Equities stock traded down $0.91 during midday trading on Tuesday, hitting $162.90. 1,904,351 shares of the stock were exchanged, compared to its average volume of 1,450,723. Alexandria Real Estate Equities has a fifty-two week low of $122.78 and a fifty-two week high of $164.45. The stock has a market capitalization of $19.67 billion, a price-to-earnings ratio of 24.68, a PEG ratio of 5.20 and a beta of 0.70. The stock’s 50-day simple moving average is $159.93 and its 200 day simple moving average is $153.24. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.76.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported ($0.44) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.75 by ($2.19). The firm had revenue of $390.50 million for the quarter, compared to analyst estimates of $389.99 million. Alexandria Real Estate Equities had a return on equity of 1.63% and a net margin of 9.29%. Alexandria Real Estate Equities’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.66 earnings per share. Equities analysts anticipate that Alexandria Real Estate Equities will post 6.98 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 2.53%. The ex-dividend date was Monday, December 30th. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.00. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 62.42%.

A number of hedge funds have recently made changes to their positions in ARE. Steward Partners Investment Advisory LLC raised its holdings in Alexandria Real Estate Equities by 36.1% in the third quarter. Steward Partners Investment Advisory LLC now owns 294 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 78 shares in the last quarter. CSat Investment Advisory L.P. raised its holdings in Alexandria Real Estate Equities by 65.9% in the second quarter. CSat Investment Advisory L.P. now owns 224 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 89 shares in the last quarter. Spirit of America Management Corp NY raised its holdings in Alexandria Real Estate Equities by 1.3% in the fourth quarter. Spirit of America Management Corp NY now owns 7,750 shares of the real estate investment trust’s stock valued at $1,252,000 after acquiring an additional 100 shares in the last quarter. Signaturefd LLC raised its holdings in Alexandria Real Estate Equities by 20.1% in the third quarter. Signaturefd LLC now owns 650 shares of the real estate investment trust’s stock valued at $100,000 after acquiring an additional 109 shares in the last quarter. Finally, Rehmann Capital Advisory Group raised its holdings in Alexandria Real Estate Equities by 21.7% in the second quarter. Rehmann Capital Advisory Group now owns 717 shares of the real estate investment trust’s stock valued at $101,000 after acquiring an additional 128 shares in the last quarter. 92.75% of the stock is owned by institutional investors.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> 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 $21.8 billion and an asset base in North America of 33.7 million square feet ("SF") as of March 31, 2019.

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