Alexandria Real Estate Equities (NYSE:ARE) Cut to “Hold” at Deutsche Bank Aktiengesellschaft

Alexandria Real Estate Equities (NYSE:ARE) was downgraded by investment analysts at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report issued on Friday, Marketbeat.com reports. They currently have a $112.00 price target on the real estate investment trust’s stock, down from their previous price target of $135.00. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 6.08% from the stock’s previous close.

Several other research analysts have also recently issued reports on ARE. Evercore ISI dropped their target price 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. Royal Bank of Canada reissued a “sector perform” rating and issued a $125.00 price objective (down previously from $130.00) on shares of Alexandria Real Estate Equities in a report on Thursday, October 24th. Bank of America cut shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and reduced their target price for the company from $151.00 to $126.00 in a report on Monday, July 29th. Wedbush dropped their price target on shares of Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Finally, Robert W. Baird reduced their price objective on 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 equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Alexandria Real Estate Equities has an average rating of “Hold” and a consensus price target of $127.30.

Alexandria Real Estate Equities Stock Down 2.5 %

ARE opened at $105.58 on Friday. The stock has a market capitalization of $18.45 billion, a price-to-earnings ratio of 64.36, a PEG ratio of 4.08 and a beta of 1.16. The firm has a 50 day moving average price of $117.10 and a 200-day moving average price of $117.82. Alexandria Real Estate Equities has a twelve month low of $102.24 and a twelve month high of $135.45. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.56.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $2.38 by ($1.42). The company had revenue of $791.60 million for the quarter, compared to analysts’ expectations of $766.97 million. Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. Alexandria Real Estate Equities’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.26 earnings per share. Equities research analysts forecast that Alexandria Real Estate Equities will post 9.47 earnings per share for the current year.

Institutional Trading of Alexandria Real Estate Equities

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pathway Financial Advisers LLC grew its holdings in 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 buying an additional 1,411,304 shares in the last quarter. National Bank of Canada FI boosted its position in shares of Alexandria Real Estate Equities by 350.0% during the third quarter. National Bank of Canada FI now owns 341,357 shares of the real estate investment trust’s stock worth $40,536,000 after acquiring an additional 265,508 shares during the last quarter. Raymond James & Associates grew its stake in Alexandria Real Estate Equities by 501.1% during the third quarter. Raymond James & Associates now owns 290,857 shares of the real estate investment trust’s stock valued at $34,539,000 after acquiring an additional 242,466 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Alexandria Real Estate Equities by 114.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 435,416 shares of the real estate investment trust’s stock valued at $51,706,000 after acquiring an additional 232,817 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Alexandria Real Estate Equities by 0.6% in the 1st 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 in the last quarter. 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.