JMP Securities Cuts Alexandria Real Estate Equities (NYSE:ARE) Price Target to $130.00

Alexandria Real Estate Equities (NYSE:ARE) had its target price reduced by JMP Securities from $140.00 to $130.00 in a report published on Friday,Benzinga reports. JMP Securities currently has a market outperform rating on the real estate investment trust’s stock.

A number of other analysts have also recently weighed in on the stock. Wedbush decreased their price target on shares of Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Evercore ISI decreased their price objective 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. Jefferies Financial Group lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and dropped their target price for the company from $136.00 to $127.00 in a report on Friday, August 2nd. Citigroup downgraded Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $130.00 to $125.00 in a report on Friday, September 13th. Finally, Robert W. Baird cut their price objective on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $127.30.

Alexandria Real Estate Equities Stock Performance

Shares of ARE stock opened at $105.58 on Friday. The stock’s 50-day moving average is $117.10 and its two-hundred day moving average is $117.84. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.20 and a current ratio of 0.20. Alexandria Real Estate Equities has a 1 year low of $102.24 and a 1 year high of $135.45. The firm has a market cap 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 (NYSE:ARE) last released its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.38 by ($1.42). The firm had revenue of $791.60 million for the quarter, compared to analysts’ expectations of $766.97 million. Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.26 EPS. Analysts predict that Alexandria Real Estate Equities will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

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

Institutional Trading of Alexandria Real Estate Equities

A number of institutional investors have recently added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC acquired a new stake in shares of Alexandria Real Estate Equities during the 3rd quarter valued at approximately $25,000. Ashton Thomas Securities LLC acquired a new stake in Alexandria Real Estate Equities in the third quarter valued at $30,000. UMB Bank n.a. increased 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 buying an additional 154 shares in the last quarter. Rothschild Investment LLC acquired a new position in shares of Alexandria Real Estate Equities during the 2nd quarter worth $33,000. Finally, Venturi Wealth Management LLC boosted its position in shares of 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 buying an additional 180 shares in the last quarter. Hedge funds and other institutional investors 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.