Alexandria Real Estate Equities (NYSE:ARE) Cut to “Sell” at StockNews.com

StockNews.com lowered shares of Alexandria Real Estate Equities (NYSE:ARE) from a hold rating to a sell rating in a report issued on Thursday.

Several other brokerages have also recently weighed in on ARE. Deutsche Bank Aktiengesellschaft cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and dropped their price target for the company from $135.00 to $112.00 in a research report on Friday, November 15th. JMP Securities reaffirmed a “market outperform” rating and issued a $130.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Wedbush reaffirmed a “neutral” rating and issued a $104.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Robert W. Baird dropped their target price on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Finally, Evercore ISI dropped their target price on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating for the company in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, Alexandria Real Estate Equities has an average rating of “Hold” and a consensus target price of $121.30.

Alexandria Real Estate Equities Trading Up 0.1 %

Shares of ARE opened at $95.59 on Thursday. The stock has a market capitalization of $16.55 billion, a P/E ratio of 53.11, a PEG ratio of 3.93 and a beta of 1.16. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55. The firm has a fifty day simple moving average of $97.85 and a two-hundred day simple moving average of $108.88. Alexandria Real Estate Equities has a twelve month low of $93.25 and a twelve month high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share for the quarter, beating the consensus estimate of $0.91 by $1.48. Alexandria Real Estate Equities had a net margin of 10.36% and a return on equity of 1.43%. On average, research analysts anticipate that Alexandria Real Estate Equities will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 5.52%. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. The ex-dividend date was Tuesday, December 31st. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 293.33%.

Alexandria Real Estate Equities declared that its Board of Directors has initiated a stock buyback program on Monday, December 9th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the real estate investment trust to repurchase up to 2.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its shares are undervalued.

Institutional Trading of Alexandria Real Estate Equities

Institutional investors and hedge funds have recently bought and sold shares of the company. Catalyst Capital Advisors LLC bought a new stake in Alexandria Real Estate Equities during the 3rd quarter valued at about $25,000. Ashton Thomas Securities LLC bought a new stake in Alexandria Real Estate Equities during the 3rd quarter valued at about $30,000. EverSource Wealth Advisors LLC increased its stake in Alexandria Real Estate Equities by 57.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 109 shares in the last quarter. Colonial Trust Co SC increased its stake in Alexandria Real Estate Equities by 514.3% during the 4th quarter. Colonial Trust Co SC now owns 301 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 252 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its stake in Alexandria Real Estate Equities by 144.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 180 shares in the last quarter. 96.54% of the stock is currently owned by institutional investors.

About Alexandria Real Estate Equities

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.