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

Deutsche Bank Aktiengesellschaft downgraded shares of Alexandria Real Estate Equities (NYSE:ARE) from a buy rating to a hold rating in a report issued on Friday morning, MarketBeat Ratings reports. They currently have $112.00 price objective on the real estate investment trust’s stock, down from their previous price objective of $135.00.

Several other research analysts also recently issued reports on ARE. Evercore ISI cut their price target on Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating for the company in a research note on Wednesday, October 23rd. Jefferies Financial Group downgraded 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. Wedbush cut their target price on shares of Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $125.00 price objective (down previously from $130.00) on shares of Alexandria Real Estate Equities in a research note on Thursday, October 24th. Finally, 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 for the company in a research note on Friday, November 8th. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $127.30.

Alexandria Real Estate Equities Price Performance

Shares of NYSE:ARE traded down $2.69 during midday trading on Friday, hitting $105.58. 1,257,878 shares of the stock were exchanged, compared to its average volume of 992,813. The stock has a market cap of $18.45 billion, a P/E ratio of 64.36, a PEG ratio of 4.08 and a beta of 1.16. 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 has a twelve month low of $102.24 and a twelve month high of $135.45. The company has a 50 day moving average price of $117.10 and a 200-day moving average price of $117.82.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly 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 firm had revenue of $791.60 million for 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%. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period last year, the firm earned $2.26 EPS. On average, research analysts forecast that Alexandria Real Estate Equities will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date was Monday, September 30th. Alexandria Real Estate Equities’s payout ratio is currently 317.07%.

Institutional Trading of Alexandria Real Estate Equities

A number of institutional investors have recently modified their holdings of ARE. Catalyst Capital Advisors LLC purchased a new stake in shares of Alexandria Real Estate Equities during the 3rd quarter worth about $25,000. Ashton Thomas Securities LLC purchased a new position in Alexandria Real Estate Equities in the 3rd quarter worth approximately $30,000. UMB Bank n.a. boosted its holdings in Alexandria Real Estate Equities by 132.8% in the 2nd 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 during the period. Rothschild Investment LLC purchased a new position in Alexandria Real Estate Equities in the 2nd quarter worth approximately $33,000. Finally, Venturi Wealth Management LLC boosted its holdings 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 worth $36,000 after acquiring 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.