Alexandria Real Estate Equities (NYSE:ARE) Stock Rating Lowered by StockNews.com

Alexandria Real Estate Equities (NYSE:ARE) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Monday.

A number of other equities analysts have also commented on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $130.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Jefferies Financial Group began coverage on shares of Alexandria Real Estate Equities in a research note on Monday. They issued a “hold” rating and a $100.00 target price for the company. JPMorgan Chase & Co. cut shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $133.00 to $121.00 in a report on Wednesday, November 27th. Wedbush reaffirmed a “neutral” rating and issued a $104.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Finally, Royal Bank of Canada reduced their target price on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating for the company in a report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $118.60.

Alexandria Real Estate Equities Stock Down 1.2 %

Shares of NYSE ARE opened at $98.34 on Monday. The firm’s 50-day moving average price is $98.29 and its 200-day moving average price is $106.85. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $17.02 billion, a price-to-earnings ratio of 54.63, a P/E/G ratio of 3.93 and a beta of 1.17. Alexandria Real Estate Equities has a 12-month low of $93.25 and a 12-month high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share for the quarter, topping analysts’ consensus estimates 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, equities research analysts anticipate that Alexandria Real Estate Equities will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities declared that its board has authorized a share repurchase program on Monday, December 9th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to repurchase up to 2.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Hedge Funds Weigh In On Alexandria Real Estate Equities

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC boosted its position in Alexandria Real Estate Equities by 146.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 11,236 shares of the real estate investment trust’s stock worth $1,096,000 after acquiring an additional 6,686 shares during the last quarter. Copley Financial Group Inc. increased its stake in Alexandria Real Estate Equities by 21.3% during the 4th quarter. Copley Financial Group Inc. now owns 4,293 shares of the real estate investment trust’s stock worth $419,000 after buying an additional 753 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Alexandria Real Estate Equities during the 4th quarter worth approximately $8,608,000. Jefferies Financial Group Inc. increased its stake in Alexandria Real Estate Equities by 4.5% during the 4th quarter. Jefferies Financial Group Inc. now owns 5,380 shares of the real estate investment trust’s stock worth $525,000 after buying an additional 234 shares during the period. Finally, Toronto Dominion Bank increased its stake in Alexandria Real Estate Equities by 8.0% during the 4th quarter. Toronto Dominion Bank now owns 83,423 shares of the real estate investment trust’s stock worth $8,138,000 after buying an additional 6,166 shares during the period. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Company Profile

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.