Alexandria Real Estate Equities (NYSE:ARE) Upgraded at StockNews.com

StockNews.com upgraded shares of Alexandria Real Estate Equities (NYSE:ARE - Free Report) from a sell rating to a hold rating in a report released on Wednesday morning.

Other analysts have also recently issued research reports about the stock. Royal Bank of Canada dropped their target price 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. JPMorgan Chase & Co. downgraded Alexandria Real Estate Equities from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $133.00 to $121.00 in a report on Wednesday, November 27th. Wedbush restated a "neutral" rating and set a $104.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Evercore ISI dropped their price target on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an "in-line" rating on the stock in a research note on Wednesday, October 23rd. Finally, JMP Securities reiterated a "market outperform" rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $121.30.

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Alexandria Real Estate Equities Stock Performance

ARE stock traded down $0.96 during midday trading on Wednesday, hitting $94.86. The company's stock had a trading volume of 684,415 shares, compared to its average volume of 1,390,555. The stock has a market cap of $16.42 billion, a price-to-earnings ratio of 52.70, a PEG ratio of 3.67 and a beta of 1.16. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55. The stock's 50-day moving average price is $98.70 and its 200 day moving average price is $109.51. Alexandria Real Estate Equities has a 1 year low of $93.25 and a 1 year high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $2.39 EPS 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%. On average, equities analysts forecast that Alexandria Real Estate Equities will post 9.34 EPS for the current year.

Alexandria Real Estate Equities declared that its Board of Directors has authorized a share repurchase plan on Monday, December 9th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the real estate investment trust to reacquire up to 2.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

Alexandria Real Estate Equities Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a yield of 5.57%. The ex-dividend date of this dividend was Tuesday, December 31st. This is a positive change from Alexandria Real Estate Equities's previous quarterly dividend of $1.30. Alexandria Real Estate Equities's dividend payout ratio is currently 293.33%.

Institutional Trading of Alexandria Real Estate Equities

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Alexandria Real Estate Equities during the fourth quarter worth $1,605,426,000. State Street Corp lifted its stake in shares of Alexandria Real Estate Equities by 1.1% in the 3rd quarter. State Street Corp now owns 10,585,038 shares of the real estate investment trust's stock worth $1,270,634,000 after acquiring an additional 112,864 shares during the period. JPMorgan Chase & Co. grew its holdings in Alexandria Real Estate Equities by 212.9% during the fourth quarter. JPMorgan Chase & Co. now owns 8,265,880 shares of the real estate investment trust's stock worth $806,337,000 after acquiring an additional 5,624,163 shares during the period. Geode Capital Management LLC grew its holdings in shares of Alexandria Real Estate Equities by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 4,135,591 shares of the real estate investment trust's stock worth $402,450,000 after acquiring an additional 96,771 shares during the last quarter. Finally, Capital World Investors purchased a new stake in shares of Alexandria Real Estate Equities in the 4th quarter valued at approximately $326,959,000. 96.54% of the stock is owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Company Profile

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.