Alexandria Real Estate Equities (NYSE:ARE) Cut to “Sell” at StockNews.com

StockNews.com lowered shares of Alexandria Real Estate Equities (NYSE:ARE) from a hold rating to a sell rating in a research report released on Monday.

Several other research analysts also recently issued reports on the stock. JPMorgan Chase & Co. downgraded shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $133.00 to $121.00 in a research report on Wednesday, November 27th. JMP Securities reissued a “market outperform” rating and set a $130.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Wedbush restated a “neutral” rating and issued a $104.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Royal Bank of Canada lowered 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 research note on Tuesday, December 17th. Finally, Jefferies Financial Group began coverage on Alexandria Real Estate Equities in a research report on Monday. They issued a “hold” rating and a $100.00 price objective for the company. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $118.60.

Alexandria Real Estate Equities Trading Down 0.8 %

Alexandria Real Estate Equities stock opened at $97.64 on Monday. Alexandria Real Estate Equities has a 12 month low of $93.25 and a 12 month high of $130.14. The stock has a market cap of $16.90 billion, a price-to-earnings ratio of 54.24, a price-to-earnings-growth ratio of 3.93 and a beta of 1.17. The business has a 50 day moving average price of $98.30 and a two-hundred day moving average price of $106.78. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $1.48. Alexandria Real Estate Equities had a net margin of 10.36% and a return on equity of 1.43%. As a group, equities analysts forecast that Alexandria Real Estate Equities will post 9.32 EPS for the current year.

Alexandria Real Estate Equities declared that its Board of Directors has authorized a stock buyback plan on Monday, December 9th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the real estate investment trust to buy up to 2.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Alexandria Real Estate Equities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a yield of 5.41%. The ex-dividend date is Monday, March 31st. Alexandria Real Estate Equities’s dividend payout ratio is presently 293.33%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ARE. Apollon Wealth Management LLC lifted its stake in Alexandria Real Estate Equities by 29.9% in the third quarter. Apollon Wealth Management LLC now owns 2,553 shares of the real estate investment trust’s stock valued at $303,000 after acquiring an additional 587 shares during the last quarter. CIBC Asset Management Inc increased its position in Alexandria Real Estate Equities by 67.3% during the third 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 during the last quarter. Empowered Funds LLC raised its stake in Alexandria Real Estate Equities by 9.8% in the third quarter. Empowered Funds LLC now owns 2,903 shares of the real estate investment trust’s stock valued at $345,000 after buying an additional 259 shares during the period. Natixis Advisors LLC boosted its stake in shares of Alexandria Real Estate Equities by 10.0% during the 3rd quarter. Natixis Advisors LLC now owns 120,098 shares of the real estate investment trust’s stock worth $14,262,000 after acquiring an additional 10,917 shares during the period. Finally, Atlanta Consulting Group Advisors LLC bought a new stake in Alexandria Real Estate Equities in the 3rd quarter valued at $441,000. 96.54% of the stock is owned by institutional investors and hedge funds.

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.