Alexandria Real Estate Shares are trading down 1.8%
Shares of Alexandria Real Estate Equities stock traded down $2.74 on Monday, reaching $150.58. 817,062 shares of the company exchanged hands, compared to its average volume of 987,268. The stock has a fifty-day moving average price of $143.15 and a 200-day moving average price of $149.64. 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 current ratio of 0.37, a quick ratio of 0.37, and a debt-to-equity ratio of 0.50. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $126.74 and a fifty-two week high of $224.95.
Alexandria Real Estate Equities (NYSE:ARE – Get Rating) last issued its 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 analysts’ expectations of $657.48 million. During the same quarter last year, the firm earned $1.95 EPS. The business’s revenue for the quarter was 20.5% higher compared to the same quarter last year. On average, analysts expect that Alexandria Real Estate Equities, Inc. 8.41 EPS for the current year will post.
Alexandria Real Estate Shares Raises Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Friday, December 30th will be paid a dividend of $1.21 per share. This represents an annual dividend of $4.84 and a dividend yield of 3.21%. This is an increase from Alexandria Real Estate Equities’ previous quarterly dividend of $1.18. Alexandria Real Estate Equities’ dividend payout ratio is 143.47%.
Institutional Trading of Alexandria Real Estate Shares
Large investors have recently made changes to their positions in the stock. Ronald Blue Trust Inc. bought a new stake in shares of Alexandria Real Estate Equities during the 2nd quarter worth about $25,000. DB Wealth Management Group LLC acquired a new position in shares of Alexandria Real Estate Equities during the 1st quarter valued at approximately $26,000. Tcwp LLC acquired a new position in shares of Alexandria Real Estate Equities during the 1st quarter valued at approximately $31,000. Glassman Wealth Services lifted its position in shares of Alexandria Real Estate Equities by 137.2% during the 2nd quarter. Glassman Wealth Services now owns 204 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 118 shares during the last quarter. Finally, Anson Funds Management LP acquired a new position in shares of Alexandria Real Estate Equities during the 1st quarter valued at approximately $42,000. Institutional investors own 91.81% of the company’s shares.
Analyzer Upgrades and Downgrades
Several brokerages have recently commented on ARE. Robert W. Baird boosted their target price on Alexandria Real Estate Equities from $151.00 to $162.00 in a research report on Friday. BTIG Research cut their price objective on shares of Alexandria Real Estate from $233.00 to $186.00 in a research report on Wednesday, October 19th. StockNews.com assumed coverage on Alexandria Real Estate Equities in a research report on Wednesday, October 12th. They set a “sell” rating for the company. 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. Finally, Evercore ISI reduced their price objective on Alexandria Real Estate Equities to $168.00 in a research report on Friday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Alexandria Real Estate Equities currently has a consensus rating of “Moderate Buy” and an average target price of $173.43.
About Alexandria Real Estate Shares
Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500® urban office real estate investment trust (“REIT”), is the longest serving first owner, operator and pioneer. 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 a North American asset base of 49.7 million square feet foot ( “SF” ).
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