Alexandria Real Estate Equities' (ARE) Neutral Rating Reiterated at Wedbush

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report)'s stock had its "neutral" rating reaffirmed by equities researchers at Wedbush in a research report issued on Wednesday,RTT News reports. They currently have a $104.00 target price on the real estate investment trust's stock. Wedbush's target price would indicate a potential upside of 8.36% from the company's previous close.

ARE has been the subject of several other research reports. Evercore ISI dropped their price objective on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an "in-line" rating for the company in a report on Wednesday, October 23rd. JPMorgan Chase & Co. downgraded Alexandria Real Estate Equities from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $133.00 to $121.00 in a research report on Wednesday, November 27th. Robert W. Baird decreased their target price on Alexandria Real Estate Equities from $137.00 to $130.00 and set an "outperform" rating on the stock in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft cut Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and cut their price target for the company from $135.00 to $112.00 in a report on Friday, November 15th. Finally, Royal Bank of Canada decreased their price objective on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a "sector perform" rating on the stock in a report on Tuesday, December 17th. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $121.30.

Alexandria Real Estate Equities Stock Performance

Shares of NYSE:ARE traded down $1.27 during trading on Wednesday, hitting $95.98. 1,585,669 shares of the stock were exchanged, compared to its average volume of 1,411,868. The company's fifty day simple moving average is $101.92 and its 200-day simple moving average is $111.87. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.20 and a current ratio of 0.20. The company has a market capitalization of $16.77 billion, a price-to-earnings ratio of 58.52, a price-to-earnings-growth ratio of 3.85 and a beta of 1.16. Alexandria Real Estate Equities has a 1-year low of $94.35 and a 1-year high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.91 by $1.48. Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. Sell-side analysts expect that Alexandria Real Estate Equities will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities announced that its board has authorized a share repurchase plan on Monday, December 9th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to buy up to 2.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its shares are undervalued.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Catalyst Capital Advisors LLC acquired a new stake in Alexandria Real Estate Equities during the 3rd quarter worth approximately $25,000. Ashton Thomas Securities LLC bought a new position in Alexandria Real Estate Equities during the 3rd quarter worth $30,000. Venturi Wealth Management LLC lifted its holdings in shares of Alexandria Real Estate Equities by 144.0% during the third quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust's stock worth $36,000 after buying an additional 180 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Alexandria Real Estate Equities in the third quarter valued at about $43,000. Finally, M&R Capital Management Inc. acquired a new position in shares of Alexandria Real Estate Equities in the third quarter valued at about $50,000. 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.

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