Alexandria Real Estate Equities (NYSE:ARE) Downgraded to Sell Rating by StockNews.com

StockNews.com cut shares of Alexandria Real Estate Equities (NYSE:ARE) from a hold rating to a sell rating in a research note published on Thursday morning.

Several other research firms also recently weighed in on ARE. JPMorgan Chase & Co. downgraded Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $133.00 to $121.00 in a report on Wednesday, November 27th. JMP Securities reissued a “market outperform” rating and issued a $130.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Evercore ISI reduced their target price on Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating for the company in a report on Wednesday, October 23rd. Royal Bank of Canada reduced their target price on Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating for the company in a report on Tuesday, December 17th. Finally, Deutsche Bank Aktiengesellschaft downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their target price for the company from $135.00 to $112.00 in a report on Friday, November 15th. One 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. According to MarketBeat, Alexandria Real Estate Equities currently has an average rating of “Hold” and a consensus target price of $121.30.

Alexandria Real Estate Equities Trading Up 0.3 %

NYSE:ARE opened at $95.57 on Thursday. The stock has a 50-day simple moving average of $98.13 and a 200-day simple moving average of $109.09. The stock has a market cap of $16.54 billion, a P/E ratio of 53.09, a P/E/G ratio of 3.93 and a beta of 1.16. Alexandria Real Estate Equities has a 1 year low of $93.25 and a 1 year high of $130.14. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.21 and a current ratio of 0.21.

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 (EPS) for the quarter, topping the consensus estimate of $0.91 by $1.48. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. As a group, analysts anticipate that Alexandria Real Estate Equities will post 9.33 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $1.32 per share. The ex-dividend date was Tuesday, December 31st. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. This represents a $5.28 annualized dividend and a yield of 5.52%. Alexandria Real Estate Equities’s dividend payout ratio is currently 293.33%.

Alexandria Real Estate Equities announced that its board has approved a stock buyback plan on Monday, December 9th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the real estate investment trust to purchase up to 2.7% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

Institutional Trading of Alexandria Real Estate Equities

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fulton Bank N.A. raised its stake in shares of Alexandria Real Estate Equities by 77.7% during the 4th quarter. Fulton Bank N.A. now owns 16,165 shares of the real estate investment trust’s stock worth $1,577,000 after buying an additional 7,070 shares in the last quarter. CCLA Investment Management raised its stake in shares of Alexandria Real Estate Equities by 4.0% during the 4th quarter. CCLA Investment Management now owns 841,435 shares of the real estate investment trust’s stock worth $82,023,000 after buying an additional 32,367 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Alexandria Real Estate Equities by 5.0% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 903,541 shares of the real estate investment trust’s stock worth $88,140,000 after buying an additional 42,825 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of Alexandria Real Estate Equities by 67.3% during the 3rd quarter. CIBC Asset Management Inc now owns 37,276 shares of the real estate investment trust’s stock worth $4,427,000 after buying an additional 14,992 shares in the last quarter. Finally, Pathway Financial Advisers LLC raised its stake in shares of 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 in the last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.

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.