Alexandria Real Estate Equities (NYSE:ARE) Now Covered by Analysts at Jefferies Financial Group

Research analysts at Jefferies Financial Group started coverage on shares of Alexandria Real Estate Equities (NYSE:ARE) in a report issued on Monday. The brokerage set a “hold” rating and a $100.00 price target on the real estate investment trust’s stock. Jefferies Financial Group’s price objective would indicate a potential upside of 0.70% from the stock’s current price.

A number of other research analysts have also recently commented on ARE. JMP Securities restated a “market outperform” rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. StockNews.com upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Friday, February 28th. Royal Bank of Canada decreased their price objective 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. JPMorgan Chase & Co. downgraded Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $133.00 to $121.00 in a report on Wednesday, November 27th. Finally, Wedbush restated a “neutral” rating and issued a $104.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Alexandria Real Estate Equities has a consensus rating of “Hold” and a consensus target price of $118.60.

Alexandria Real Estate Equities Price Performance

Alexandria Real Estate Equities stock opened at $99.30 on Monday. The stock has a market capitalization of $17.19 billion, a P/E ratio of 55.17, 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. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.21. The firm’s 50-day moving average is $98.24 and its two-hundred day moving average is $107.13.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share for the quarter, topping 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%. Equities analysts predict that Alexandria Real Estate Equities will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities announced that its Board of Directors has authorized a share 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 stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ARE. Fulton Bank N.A. lifted its holdings in Alexandria Real Estate Equities by 77.7% during the 4th quarter. Fulton Bank N.A. now owns 16,165 shares of the real estate investment trust’s stock valued at $1,577,000 after purchasing an additional 7,070 shares during the last quarter. Hahn Capital Management LLC raised its stake in shares of Alexandria Real Estate Equities by 50.4% in the fourth quarter. Hahn Capital Management LLC now owns 68,370 shares of the real estate investment trust’s stock valued at $6,669,000 after acquiring an additional 22,926 shares during the last quarter. CCLA Investment Management boosted its holdings in shares of Alexandria Real Estate Equities by 4.0% in the 4th quarter. CCLA Investment Management now owns 841,435 shares of the real estate investment trust’s stock worth $82,023,000 after acquiring an additional 32,367 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Alexandria Real Estate Equities by 5.0% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 903,541 shares of the real estate investment trust’s stock worth $88,140,000 after acquiring an additional 42,825 shares in the last quarter. Finally, CIBC Asset Management Inc grew its position in Alexandria Real Estate Equities by 67.3% during the 3rd quarter. CIBC Asset Management Inc now owns 37,276 shares of the real estate investment trust’s stock worth $4,427,000 after acquiring an additional 14,992 shares during the last quarter. 96.54% of the stock is 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.