Robert W. Baird Lowers Alexandria Real Estate Equities (NYSE:ARE) Price Target to $130.00

Alexandria Real Estate Equities (NYSE:ARE) had its target price dropped by equities research analysts at Robert W. Baird from $137.00 to $130.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. Robert W. Baird’s price target suggests a potential upside of 14.00% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $125.00 target price (down previously from $130.00) on shares of Alexandria Real Estate Equities in a research report on Thursday, October 24th. Jefferies Financial Group cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and cut their target price for the company from $136.00 to $127.00 in a research note on Friday, August 2nd. Citigroup downgraded Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $130.00 to $125.00 in a report on Friday, September 13th. Wedbush dropped their price target 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. Finally, Bank of America lowered Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $151.00 to $126.00 in a research note on Monday, July 29th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $131.10.

Alexandria Real Estate Equities Stock Up 0.3 %

NYSE ARE opened at $114.04 on Friday. Alexandria Real Estate Equities has a 1-year low of $93.17 and a 1-year high of $135.45. The company has a market capitalization of $19.93 billion, a price-to-earnings ratio of 69.54, a PEG ratio of 4.23 and a beta of 1.16. The stock’s 50 day moving average is $118.04 and its two-hundred day moving average is $118.16. 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 announced its quarterly earnings results 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 company had revenue of $791.60 million during the quarter, compared to analyst estimates of $766.97 million. During the same period in the prior year, the firm earned $2.26 EPS. Alexandria Real Estate Equities’s quarterly revenue was up 10.9% compared to the same quarter last year. Equities analysts forecast that Alexandria Real Estate Equities will post 9.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. M&G Plc acquired a new position in Alexandria Real Estate Equities in the first quarter valued at approximately $204,001,000. Pathway Financial Advisers LLC raised its position 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 valued at $169,056,000 after acquiring an additional 1,411,304 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Alexandria Real Estate Equities by 153.0% in the 1st quarter. Russell Investments Group Ltd. now owns 777,345 shares of the real estate investment trust’s stock valued at $100,205,000 after purchasing an additional 470,076 shares during the period. Raymond James & Associates boosted its position in shares of Alexandria Real Estate Equities by 501.1% in the 3rd quarter. Raymond James & Associates now owns 290,857 shares of the real estate investment trust’s stock worth $34,539,000 after purchasing an additional 242,466 shares during the last quarter. Finally, 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 during the period. Institutional investors 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.