JMP Securities Issues Pessimistic Forecast for Alexandria Real Estate Equities (NYSE:ARE) Stock Price

Alexandria Real Estate Equities (NYSE:ARE) had its price objective trimmed by JMP Securities from $140.00 to $130.00 in a research report sent to investors on Friday morning,Benzinga reports. The brokerage currently has a market outperform rating on the real estate investment trust’s stock.

Other analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and dropped their price target for the company from $135.00 to $112.00 in a research note on Friday. Bank of America cut Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and cut their target price for the stock from $151.00 to $126.00 in a research note on Monday, July 29th. Evercore ISI decreased their price target on Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 23rd. Wedbush cut their price objective 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. Finally, Citigroup cut shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and decreased their target price for the company from $130.00 to $125.00 in a research report on Friday, September 13th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $127.30.

Alexandria Real Estate Equities Stock Performance

NYSE:ARE opened at $105.22 on Friday. The company has a market cap of $18.39 billion, a P/E ratio of 64.16, a P/E/G ratio of 3.95 and a beta of 1.16. Alexandria Real Estate Equities has a twelve month low of $102.24 and a twelve month high of $135.45. The company’s 50-day moving average price is $116.84 and its 200-day moving average price is $117.75. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.56.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results 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). Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. The company had revenue of $791.60 million for the quarter, compared to analyst estimates of $766.97 million. During the same quarter in the prior year, the firm earned $2.26 earnings per share. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. On average, sell-side analysts forecast that Alexandria Real Estate Equities will post 9.47 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date of this dividend was Monday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio is currently 317.07%.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Institutional investors and hedge funds have recently made changes to their positions in the stock. CANADA LIFE ASSURANCE Co grew its holdings in Alexandria Real Estate Equities by 2.9% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 321,624 shares of the real estate investment trust’s stock worth $41,482,000 after acquiring an additional 9,187 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Alexandria Real Estate Equities by 0.6% during the first quarter. Vanguard Group Inc. now owns 26,784,689 shares of the real estate investment trust’s stock worth $3,452,814,000 after purchasing an additional 156,643 shares in the last quarter. BDF Gestion purchased a new position in Alexandria Real Estate Equities in the second quarter valued at $2,560,000. Kingswood Wealth Advisors LLC raised its stake in Alexandria Real Estate Equities by 99.2% in the second quarter. Kingswood Wealth Advisors LLC now owns 9,660 shares of the real estate investment trust’s stock valued at $1,130,000 after buying an additional 4,811 shares in the last quarter. Finally, Pathway Financial Advisers LLC lifted its holdings in Alexandria Real Estate Equities by 11,449.8% during the 3rd quarter. Pathway Financial Advisers LLC now owns 1,423,630 shares of the real estate investment trust’s stock worth $169,056,000 after buying an additional 1,411,304 shares during the last quarter. 96.54% of the stock is owned by institutional investors and hedge funds.

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.