StockNews.com Downgrades Alexandria Real Estate Equities (NYSE:ARE) to Sell

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

ARE has been the subject of several other reports. JMP Securities reaffirmed a “market outperform” rating and issued a $130.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday. Wedbush reissued a “neutral” rating and set a $104.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday. Deutsche Bank Aktiengesellschaft downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and dropped their price target for the stock from $135.00 to $112.00 in a research report on Friday, November 15th. Evercore ISI dropped their price target 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. Finally, Robert W. Baird dropped 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 report on Friday, November 8th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Alexandria Real Estate Equities presently has an average rating of “Hold” and an average target price of $121.30.

Alexandria Real Estate Equities Stock Performance

NYSE ARE opened at $95.83 on Wednesday. Alexandria Real Estate Equities has a 1-year low of $94.35 and a 1-year high of $130.14. The company has a market capitalization of $16.75 billion, a P/E ratio of 58.43, a PEG ratio of 3.85 and a beta of 1.16. The business has a 50 day moving average price of $101.76 and a 200 day moving average price of $111.75. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.20 and a quick ratio of 0.20.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share for the quarter, beating the consensus estimate of $0.91 by $1.48. Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. Sell-side analysts expect that Alexandria Real Estate Equities will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities announced that its board has initiated a stock repurchase program on Monday, December 9th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to buy up to 2.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Institutional Investors Weigh In On Alexandria Real Estate Equities

A number of institutional investors have recently added to or reduced their stakes in the company. Presima Securities ULC grew its position in Alexandria Real Estate Equities by 0.9% during the third quarter. Presima Securities ULC now owns 11,725 shares of the real estate investment trust’s stock valued at $1,392,000 after acquiring an additional 100 shares during the period. Capital Square LLC grew its position in Alexandria Real Estate Equities by 2.1% during the third quarter. Capital Square LLC now owns 5,811 shares of the real estate investment trust’s stock valued at $690,000 after acquiring an additional 118 shares during the period. Private Advisor Group LLC grew its position in Alexandria Real Estate Equities by 5.1% during the third quarter. Private Advisor Group LLC now owns 2,651 shares of the real estate investment trust’s stock valued at $315,000 after acquiring an additional 129 shares during the period. Cascade Investment Advisors Inc. grew its position in Alexandria Real Estate Equities by 1.3% during the third quarter. Cascade Investment Advisors Inc. now owns 10,075 shares of the real estate investment trust’s stock valued at $1,196,000 after acquiring an additional 130 shares during the period. Finally, NBC Securities Inc. grew its position in Alexandria Real Estate Equities by 9.7% during the third quarter. NBC Securities Inc. now owns 1,475 shares of the real estate investment trust’s stock valued at $175,000 after acquiring an additional 130 shares during the period. Hedge funds and other institutional investors 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.