Alexandria Real Estate Equities (NYSE:ARE) Downgraded by Deutsche Bank Aktiengesellschaft to “Hold”

Deutsche Bank Aktiengesellschaft cut shares of Alexandria Real Estate Equities (NYSE:ARE) from a buy rating to a hold rating in a research report released on Friday, Marketbeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has $112.00 target price on the real estate investment trust’s stock, down from their prior target price of $135.00.

Several other brokerages have also recently issued reports on ARE. Evercore ISI reduced their price objective 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. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $125.00 target price (down from $130.00) on shares of Alexandria Real Estate Equities in a research report on Thursday, October 24th. Robert W. Baird dropped their price objective on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Citigroup cut shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $130.00 to $125.00 in a research report on Friday, September 13th. Finally, Wedbush decreased their price objective on Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Nine equities research analysts have rated the stock with a hold rating and three have given 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 price target of $127.30.

Alexandria Real Estate Equities Price Performance

Shares of NYSE:ARE opened at $105.22 on Friday. Alexandria Real Estate Equities has a 52 week low of $102.24 and a 52 week high of $135.45. The company has a 50-day moving average price of $116.84 and a 200 day moving average price of $117.75. The company has a market cap of $18.39 billion, a P/E ratio of 64.16, a PEG ratio of 3.95 and a beta of 1.16. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.56.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.38 by ($1.42). The company had revenue of $791.60 million during the quarter, compared to analyst estimates of $766.97 million. Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. Alexandria Real Estate Equities’s revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the business posted $2.26 earnings per share. Research analysts predict that Alexandria Real Estate Equities will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ARE. Catalyst Capital Advisors LLC acquired a new position in Alexandria Real Estate Equities during the third quarter worth approximately $25,000. Ashton Thomas Securities LLC acquired a new position in shares of Alexandria Real Estate Equities in the third quarter valued at $30,000. UMB Bank n.a. raised 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 purchasing an additional 154 shares during the period. Rothschild Investment LLC bought a new stake in shares of Alexandria Real Estate Equities during the 2nd quarter worth about $33,000. Finally, Venturi Wealth Management LLC grew 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 valued at $36,000 after buying an additional 180 shares during the last quarter. 96.54% of the stock is currently 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.