Alexandria Real Estate Equities (NYSE:ARE) Rating Lowered to “Sell” at StockNews.com

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

Several other analysts have also recently commented on ARE. JPMorgan Chase & Co. cut 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. Evercore ISI decreased their target price on Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating for the company in a research report on Wednesday, October 23rd. Wedbush reaffirmed a “neutral” rating and issued a $104.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Royal Bank of Canada reduced their price objective on 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. Finally, Deutsche Bank Aktiengesellschaft cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their price objective for the company from $135.00 to $112.00 in a research report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $121.30.

Alexandria Real Estate Equities Stock Up 0.1 %

Shares of ARE stock opened at $95.59 on Thursday. Alexandria Real Estate Equities has a 1 year low of $93.25 and a 1 year high of $130.14. The stock has a market cap of $16.55 billion, a PE ratio of 53.11, a price-to-earnings-growth ratio of 3.92 and a beta of 1.16. The business’s fifty day moving average is $97.99 and its 200-day moving average is $109.00. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.21 and a current ratio of 0.21.

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 (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%. Equities analysts expect that Alexandria Real Estate Equities will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities announced that its Board of Directors has authorized a share repurchase program 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 shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Institutional Trading of Alexandria Real Estate Equities

Institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank bought a new position in shares of Alexandria Real Estate Equities in the fourth quarter worth about $1,605,426,000. JPMorgan Chase & Co. increased its stake in shares of Alexandria Real Estate Equities by 212.9% in the fourth quarter. JPMorgan Chase & Co. now owns 8,265,880 shares of the real estate investment trust’s stock worth $806,337,000 after purchasing an additional 5,624,163 shares during the period. Capital World Investors bought a new position in shares of Alexandria Real Estate Equities in the fourth quarter worth about $326,959,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Alexandria Real Estate Equities by 1,038.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,610,074 shares of the real estate investment trust’s stock worth $157,063,000 after purchasing an additional 1,468,644 shares during the period. Finally, Pathway Financial Advisers LLC increased its stake in shares of Alexandria Real Estate Equities by 11,449.8% in the third quarter. Pathway Financial Advisers LLC now owns 1,423,630 shares of the real estate investment trust’s stock worth $169,056,000 after purchasing an additional 1,411,304 shares during the period. Institutional investors and hedge funds own 96.54% of the company’s stock.

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.