Alexandria Real Estate Equities (NYSE:ARE) Cut to Hold at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft lowered shares of Alexandria Real Estate Equities (NYSE:ARE) from a buy rating to a hold rating in a research report report published on Friday morning, Marketbeat Ratings reports. They currently have $112.00 price objective on the real estate investment trust’s stock, down from their prior price objective of $135.00.

Several other research firms also recently issued reports on ARE. Robert W. Baird cut their price objective on Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. BMO Capital Markets raised shares of Alexandria Real Estate Equities to a “hold” rating in a research note on Wednesday, September 25th. Wedbush decreased their target price on Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Bank of America lowered Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their price target for the company from $151.00 to $126.00 in a research report on Monday, July 29th. Finally, Jefferies Financial Group lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $136.00 to $127.00 in a research report on Friday, August 2nd. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $127.30.

Alexandria Real Estate Equities Trading Down 2.5 %

Shares of NYSE:ARE opened at $105.58 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.20 and a current ratio of 0.20. The stock has a market capitalization of $18.45 billion, a price-to-earnings ratio of 64.38, a PEG ratio of 3.95 and a beta of 1.16. Alexandria Real Estate Equities has a 1-year low of $102.24 and a 1-year high of $135.45. The company has a 50 day moving average price of $117.10 and a 200 day moving average price of $117.84.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share for the quarter, missing the consensus estimate of $2.38 by ($1.42). The company had revenue of $791.60 million for the quarter, compared to the consensus estimate of $766.97 million. Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. The business’s revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.26 earnings per share. On average, research analysts anticipate that Alexandria Real Estate Equities will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date of this dividend was Monday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio is 317.07%.

Institutional Trading of Alexandria Real Estate Equities

Several large investors have recently modified their holdings of the company. Catalyst Capital Advisors LLC bought a new stake in Alexandria Real Estate Equities during the third quarter valued at about $25,000. Ashton Thomas Securities LLC acquired a new position in shares of Alexandria Real Estate Equities during the third quarter worth approximately $30,000. UMB Bank n.a. boosted its position in shares of Alexandria Real Estate Equities by 132.8% in the second quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 154 shares during the period. Rothschild Investment LLC acquired a new stake in shares of Alexandria Real Estate Equities in the second quarter worth $33,000. Finally, Venturi Wealth Management LLC increased its position in Alexandria Real Estate Equities by 144.0% during the third quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 180 shares during the period. 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.