Alexandria Real Estate Equities (NYSE:ARE) Rating Lowered to Sell at StockNews.com

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

Several other research firms have also weighed in on ARE. Robert W. Baird dropped their price target on Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Royal Bank of Canada dropped their target price on Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating on the stock in a report on Tuesday, December 17th. Evercore ISI reduced their price target on shares of 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. JMP Securities reaffirmed a “market outperform” rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday. Finally, Wedbush reiterated a “neutral” rating and issued a $104.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $121.30.

Alexandria Real Estate Equities Trading Down 1.3 %

ARE traded down $1.27 during trading on Wednesday, reaching $95.98. The company had a trading volume of 1,585,669 shares, compared to its average volume of 1,411,868. Alexandria Real Estate Equities has a 12-month low of $94.35 and a 12-month high of $130.14. The firm’s 50-day simple moving average is $101.92 and its 200 day simple moving average is $111.87. The company has a market cap of $16.77 billion, a price-to-earnings ratio of 58.52, a PEG ratio of 3.85 and a beta of 1.16. 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 (NYSE:ARE) last released its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $1.48. Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. Equities research analysts anticipate that Alexandria Real Estate Equities will post 9.47 earnings per share for the current year.

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

Institutional Trading of Alexandria Real Estate Equities

Several institutional investors have recently bought and sold shares of the stock. Catalyst Capital Advisors LLC bought a new stake in shares of Alexandria Real Estate Equities in the 3rd quarter worth about $25,000. Ashton Thomas Securities LLC bought a new stake in Alexandria Real Estate Equities during the third quarter worth about $30,000. Venturi Wealth Management LLC increased its holdings in shares of 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 worth $36,000 after buying an additional 180 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Alexandria Real Estate Equities in the third quarter valued at approximately $43,000. Finally, M&R Capital Management Inc. bought a new position in shares of Alexandria Real Estate Equities in the third quarter valued at approximately $50,000. Institutional investors and hedge funds 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.