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

Alexandria Real Estate Equities (NYSE:ARE) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report released on Friday.

Several other research firms have also recently commented on ARE. Deutsche Bank Aktiengesellschaft cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their price target for the company from $135.00 to $112.00 in a report on Friday, November 15th. JPMorgan Chase & Co. lowered shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $133.00 to $121.00 in a research report on Wednesday, November 27th. Wedbush reiterated a “neutral” rating and issued a $104.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. JMP Securities restated 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. Finally, Royal Bank of Canada reduced their price target on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating for the company in a research report on Tuesday, December 17th. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $121.30.

Alexandria Real Estate Equities Stock Up 1.9 %

NYSE ARE opened at $100.95 on Friday. Alexandria Real Estate Equities has a 52 week low of $93.25 and a 52 week high of $130.14. The business’s fifty day simple moving average is $97.83 and its 200-day simple moving average is $108.49. The firm has a market cap of $17.47 billion, a PE ratio of 56.08, a P/E/G 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.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, January 27th. The real estate investment trust reported $2.39 EPS for the quarter, beating 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%. As a group, equities analysts anticipate that Alexandria Real Estate Equities will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities announced that its board has initiated a stock 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 buy up to 2.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Several institutional investors have recently added to or reduced their stakes in ARE. Private Advisor Group LLC raised its position in shares of Alexandria Real Estate Equities by 5.1% in the 3rd quarter. Private Advisor Group LLC now owns 2,651 shares of the real estate investment trust’s stock worth $315,000 after buying an additional 129 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Alexandria Real Estate Equities by 28.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,162 shares of the real estate investment trust’s stock valued at $375,000 after acquiring an additional 702 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Alexandria Real Estate Equities by 30.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,550 shares of the real estate investment trust’s stock valued at $540,000 after acquiring an additional 1,062 shares in the last quarter. First Trust Direct Indexing L.P. boosted its position in Alexandria Real Estate Equities by 6.5% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 3,729 shares of the real estate investment trust’s stock worth $443,000 after purchasing an additional 228 shares during the period. Finally, US Bancorp DE increased its holdings in Alexandria Real Estate Equities by 23.1% in the 3rd quarter. US Bancorp DE now owns 20,470 shares of the real estate investment trust’s stock valued at $2,431,000 after purchasing an additional 3,847 shares in the last quarter. 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.