Alexandria Real Estate Equities (NYSE:ARE) Given New $172.00 Price Target at Mizuho


Alexandria Real Estate Equities (NYSE:ARE – Get Rating) had its target price lowered by Mizuho from $219.00 to $172.00 in a report released on Thursday, The Fly reports. Mizuho currently has a buy rating on the real estate investment trust’s stock.

Several other equities analysts have also recently commented on the stock. StockNews.com cut shares of Alexandria Real Estate Equities from a hold rating to a sell rating in a research report on Thursday, April 28th. Credit Suisse Group initiated coverage on shares of Alexandria Real Estate Equities in a report on Wednesday. They issued a neutral rating and a $140.00 price objective on the stock. Finally, TheStreet lowered shares of Alexandria Real Estate Equities from a b- rating to a c+ rating in a report on Friday, March 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Alexandria Real Estate Equities presently has a consensus rating of Moderate Buy and an average price target of $166.17.

Shares of ARE stock opened at $137.95 on Thursday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.51. Alexandria Real Estate Equities has a 52 week low of $130.00 and a 52 week high of $224.95. The stock has a market capitalization of $22.52 billion, a PE ratio of 49.44, a P/E/G ratio of 2.03 and a beta of 0.85. The firm has a 50 day moving average of $165.59 and a two-hundred day moving average of $188.24.

Alexandria Real Estate Equities (NYSE:ARE – Get Rating) last issued its quarterly earnings results on Monday, April 25th. The real estate investment trust reported ($0.96) EPS for the quarter, missing the consensus estimate of $0.75 by ($1.71). Alexandria Real Estate Equities had a net margin of 18.30% and a return on equity of 2.28%. The business had revenue of $615.10 million during the quarter, compared to analysts’ expectations of $595.35 million. During the same period in the prior year, the business earned $1.91 EPS. The business’s quarterly revenue was up 28.2% on a year-over-year basis. Analysts expect that Alexandria Real Estate Equities will post 8.4 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be paid a dividend of $1.18 per share. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.15. This represents a $4.72 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend is Wednesday, June 29th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 164.88%.

In related news, CEO Stephen Richardson sold 5,000 shares of Alexandria Real Estate Equities stock in a transaction on Monday, May 9th. The shares were sold at an average price of $171.47, for a total transaction of $857,350.00. Following the sale, the chief executive officer now directly owns 175,602 shares in the company, valued at approximately $30,110,474.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Jackie B. Clem sold 1,865 shares of Alexandria Real Estate Equities stock in a transaction on Wednesday, April 27th. The shares were sold at an average price of $189.55, for a total transaction of $353,510.75. Following the completion of the transaction, the general counsel now owns 24,039 shares in the company, valued at $4,556,592.45. The disclosure for this sale can be found here. 0.96% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Community Capital Management LLC increased its stake in Alexandria Real Estate Equities by 2.2% in the fourth quarter. Community Capital Management LLC now owns 2,300 shares of the real estate investment trust’s stock valued at $502,000 after purchasing an additional 50 shares during the period. Outlook Wealth Advisors LLC increased its stake in Alexandria Real Estate Equities by 3.0% in the fourth quarter. Outlook Wealth Advisors LLC now owns 1,741 shares of the real estate investment trust’s stock valued at $388,000 after purchasing an additional 51 shares during the period. Parallel Advisors LLC increased its stake in Alexandria Real Estate Equities by 6.2% in the first quarter. Parallel Advisors LLC now owns 1,004 shares of the real estate investment trust’s stock valued at $203,000 after purchasing an additional 59 shares during the period. Clearview Wealth Advisors LLC increased its stake in Alexandria Real Estate Equities by 23.7% in the fourth quarter. Clearview Wealth Advisors LLC now owns 313 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 60 shares during the period. Finally, Wambolt & Associates LLC increased its stake in Alexandria Real Estate Equities by 1.6% in the first quarter. Wambolt & Associates LLC now owns 4,311 shares of the real estate investment trust’s stock valued at $888,000 after purchasing an additional 66 shares during the period. Institutional investors own 94.49% of the company’s stock.

Alexandria Real Estate Equities Company Profile (Get Rating)

Alexandria Real Estate Equities, Inc (NYSE:ARE), an 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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