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

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

ARE has been the subject of several other reports. Robert W. Baird reduced their target price on Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Wedbush reissued a “neutral” rating and issued a $104.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. JMP Securities restated a “market outperform” rating and issued a $130.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Evercore ISI dropped their price target on Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 23rd. Finally, Royal Bank of Canada dropped their price target on Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating on the stock in a research report on Tuesday, December 17th. One equities research 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $121.30.

Alexandria Real Estate Equities Stock Up 0.3 %

NYSE:ARE traded up $0.26 during midday trading on Thursday, reaching $95.57. The company had a trading volume of 1,285,427 shares, compared to its average volume of 1,369,689. The firm has a market capitalization of $16.54 billion, a price-to-earnings ratio of 53.09, a PEG ratio of 3.93 and a beta of 1.16. The stock’s fifty day simple moving average is $98.13 and its 200-day simple moving average is $109.09. Alexandria Real Estate Equities has a 12-month low of $93.25 and a 12-month high of $130.14. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.55.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $1.48. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. On average, sell-side analysts anticipate that Alexandria Real Estate Equities will post 9.33 earnings per share for the current fiscal year.

Alexandria Real Estate Equities declared that its board has approved a stock repurchase plan on Monday, December 9th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to repurchase up to 2.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Institutional Trading of Alexandria Real Estate Equities

A number of hedge funds and other institutional investors have recently modified their holdings of ARE. Creative Planning increased its position in shares of Alexandria Real Estate Equities by 14.5% during the third quarter. Creative Planning now owns 15,415 shares of the real estate investment trust’s stock worth $1,830,000 after acquiring an additional 1,947 shares during the last quarter. Raymond James & Associates increased its position in shares of Alexandria Real Estate Equities by 501.1% during the third quarter. Raymond James & Associates now owns 290,857 shares of the real estate investment trust’s stock worth $34,539,000 after acquiring an additional 242,466 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Alexandria Real Estate Equities by 38.1% during the third quarter. Sequoia Financial Advisors LLC now owns 3,238 shares of the real estate investment trust’s stock worth $385,000 after acquiring an additional 893 shares during the last quarter. Private Advisor Group LLC increased its position in shares of Alexandria Real Estate Equities by 5.1% during the third quarter. Private Advisor Group LLC now owns 2,651 shares of the real estate investment trust’s stock worth $315,000 after acquiring an additional 129 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of Alexandria Real Estate Equities during the third quarter worth about $22,560,000. 96.54% of the stock is owned by hedge funds and other institutional investors.

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.