Alexandria Real Estate Equities (NYSE:ARE) Shares Down 3.2% – What’s Next?

Alexandria Real Estate Equities, Inc. (NYSE:ARE)’s share price traded down 3.2% during trading on Wednesday . The company traded as low as $103.48 and last traded at $104.51. 439,759 shares traded hands during trading, a decline of 56% from the average session volume of 1,000,485 shares. The stock had previously closed at $108.02.

Analysts Set New Price Targets

Several equities analysts have weighed in on ARE shares. Deutsche Bank Aktiengesellschaft downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and dropped their target price for the company from $135.00 to $112.00 in a research report on Friday, November 15th. JMP Securities dropped their price objective on shares of Alexandria Real Estate Equities from $140.00 to $130.00 and set a “market outperform” rating for the company in a report on Friday, November 15th. BMO Capital Markets upgraded shares of Alexandria Real Estate Equities to a “hold” rating in a report on Wednesday, September 25th. JPMorgan Chase & Co. downgraded shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $133.00 to $121.00 in a research note on Wednesday, November 27th. Finally, Evercore ISI cut their price objective on Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 23rd. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $125.82.

Alexandria Real Estate Equities Stock Performance

The company has a market capitalization of $18.42 billion, a price-to-earnings ratio of 64.29, a PEG ratio of 4.05 and a beta of 1.14. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.20 and a quick ratio of 0.20. The stock has a 50 day simple moving average of $113.06 and a two-hundred day simple moving average of $116.59.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share for the quarter, missing the consensus estimate of $2.38 by ($1.42). The business 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%. Alexandria Real Estate Equities’s revenue was up 10.9% on a year-over-year basis. During the same period last year, the business posted $2.26 EPS. As a group, analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ARE. Inspire Trust Co. N.A. boosted its stake in Alexandria Real Estate Equities by 17.6% in the third quarter. Inspire Trust Co. N.A. now owns 10,000 shares of the real estate investment trust’s stock valued at $1,188,000 after acquiring an additional 1,500 shares in the last quarter. Tidal Investments LLC lifted its holdings in shares of Alexandria Real Estate Equities by 26.6% in the 3rd quarter. Tidal Investments LLC now owns 16,808 shares of the real estate investment trust’s stock valued at $1,996,000 after purchasing an additional 3,535 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Alexandria Real Estate Equities in the 3rd quarter valued at about $43,000. Virtu Financial LLC purchased a new position in Alexandria Real Estate Equities during the 3rd quarter worth approximately $276,000. Finally, TD Private Client Wealth LLC increased its position in Alexandria Real Estate Equities by 5,113.4% during the third quarter. TD Private Client Wealth LLC now owns 12,825 shares of the real estate investment trust’s stock worth $1,523,000 after buying an additional 12,579 shares during the period. Institutional investors and hedge funds 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.