Alexandria Real Estate Equities (NYSE:ARE) Raised to Hold at StockNews.com

Alexandria Real Estate Equities (NYSE:ARE) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

Several other research firms have also recently issued reports on ARE. JMP Securities reissued a “market outperform” rating and issued a $130.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. JPMorgan Chase & Co. cut 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 research note on Wednesday, November 27th. Robert W. Baird decreased their price target on Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and decreased their price target for the stock from $135.00 to $112.00 in a research note on Friday, November 15th. Finally, Royal Bank of Canada decreased their target price on Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating for the company in a research note on Tuesday, December 17th. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Alexandria Real Estate Equities has an average rating of “Hold” and a consensus target price of $121.30.

Alexandria Real Estate Equities Stock Performance

ARE stock opened at $95.77 on Wednesday. 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 firm has a market cap of $16.58 billion, a P/E ratio of 53.21, a P/E/G ratio of 3.67 and a beta of 1.16. Alexandria Real Estate Equities has a 12-month low of $93.25 and a 12-month high of $130.14. The stock’s 50 day simple moving average is $99.08 and its 200 day simple moving average is $109.83.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results 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 return on equity of 1.43% and a net margin of 10.36%. As a group, equities research analysts predict that Alexandria Real Estate Equities will post 9.34 EPS for the current year.

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

Hedge Funds Weigh In On Alexandria Real Estate Equities

Hedge funds and other institutional investors have recently modified their holdings of the stock. Catalyst Capital Advisors LLC acquired a new position in shares of Alexandria Real Estate Equities in the 3rd quarter valued at $25,000. Ashton Thomas Securities LLC purchased a new stake in Alexandria Real Estate Equities in the 3rd quarter worth about $30,000. EverSource Wealth Advisors LLC lifted its stake in Alexandria Real Estate Equities by 57.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 109 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in Alexandria Real Estate Equities by 144.0% in the 3rd 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 in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Alexandria Real Estate Equities in the 3rd quarter worth about $43,000. Institutional investors and hedge funds own 96.54% of the company’s stock.

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.