Alexandria Real Estate Equities (NYSE:ARE) Rating Lowered to “Neutral” at JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of Alexandria Real Estate Equities (NYSE:ARE) from an overweight rating to a neutral rating in a research report released on Wednesday, MarketBeat reports. They currently have $121.00 price target on the real estate investment trust’s stock, down from their prior price target of $133.00.

Other research analysts have also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and decreased their price objective for the company from $135.00 to $112.00 in a report on Friday, November 15th. Citigroup lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and reduced their price target for the company from $130.00 to $125.00 in a research report on Friday, September 13th. Evercore ISI dropped their price objective on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating on the stock in a report on Wednesday, October 23rd. Jefferies Financial Group lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $136.00 to $127.00 in a research note on Friday, August 2nd. Finally, BMO Capital Markets upgraded shares of Alexandria Real Estate Equities to a “hold” rating in a research note on Wednesday, September 25th. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Alexandria Real Estate Equities has a consensus rating of “Hold” and a consensus target price of $126.73.

Alexandria Real Estate Equities Stock Performance

Shares of ARE opened at $110.44 on Wednesday. The company has a market cap of $19.30 billion, a price-to-earnings ratio of 67.34, a P/E/G ratio of 4.20 and a beta of 1.16. The business’s fifty day simple moving average is $114.80 and its two-hundred day simple moving average is $117.19. Alexandria Real Estate Equities has a 12 month low of $102.89 and a 12 month high of $135.45. 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 released its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.96 EPS for the quarter, missing the consensus estimate of $2.38 by ($1.42). Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The business had revenue of $791.60 million for the quarter, compared to analysts’ expectations of $766.97 million. During the same period last year, the business earned $2.26 earnings per share. The company’s quarterly revenue was up 10.9% on a year-over-year basis. Research analysts anticipate that Alexandria Real Estate Equities will post 9.47 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date was Monday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 317.07%.

Institutional Investors Weigh In On Alexandria Real Estate Equities

Hedge funds have recently bought and sold shares of the business. Catalyst Capital Advisors LLC purchased a new position in shares of Alexandria Real Estate Equities in the 3rd quarter worth $25,000. Ashton Thomas Securities LLC bought a new position in shares of Alexandria Real Estate Equities in the 3rd quarter valued at about $30,000. UMB Bank n.a. grew its position in 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 worth $32,000 after acquiring an additional 154 shares in the last quarter. Rothschild Investment LLC bought a new stake in Alexandria Real Estate Equities during the second quarter worth approximately $33,000. Finally, Venturi Wealth Management LLC raised its position in Alexandria Real Estate Equities by 144.0% during the third quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 180 shares during the period. 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.