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 research report sent to investors on Friday.

ARE has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft cut shares of Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and reduced their price target for the stock from $135.00 to $112.00 in a research report on Friday, November 15th. JMP Securities reissued a "market outperform" rating and issued a $130.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Wedbush reaffirmed a "neutral" rating and set a $104.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Royal Bank of Canada reduced their price objective on Alexandria Real Estate Equities from $125.00 to $114.00 and set a "sector perform" rating on the stock in a research note on Tuesday, December 17th. Finally, Robert W. Baird cut their price target 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. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $121.30.

Alexandria Real Estate Equities Trading Down 1.3 %

Shares of ARE traded down $1.31 during trading on Friday, reaching $100.95. 510,026 shares of the company traded hands, compared to its average volume of 1,333,027. The stock has a 50-day simple moving average of $97.89 and a 200-day simple moving average of $108.36. 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 has a twelve month low of $93.25 and a twelve month high of $130.14. The stock has a market cap of $17.47 billion, a PE ratio of 56.27, a price-to-earnings-growth ratio of 3.93 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its earnings results 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 return on equity of 1.43% and a net margin of 10.36%. On average, analysts anticipate that Alexandria Real Estate Equities will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 5.23%. Alexandria Real Estate Equities's payout ratio is currently 293.33%.

Alexandria Real Estate Equities announced that its board has authorized a stock buyback 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 purchase up to 2.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Institutional investors have recently modified their holdings of the business. Fulton Bank N.A. increased its stake in Alexandria Real Estate Equities by 77.7% in the fourth quarter. Fulton Bank N.A. now owns 16,165 shares of the real estate investment trust's stock valued at $1,577,000 after purchasing an additional 7,070 shares during the period. CCLA Investment Management raised its stake in Alexandria Real Estate Equities by 4.0% during the 4th quarter. CCLA Investment Management now owns 841,435 shares of the real estate investment trust's stock valued at $82,023,000 after acquiring an additional 32,367 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in Alexandria Real Estate Equities by 5.0% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 903,541 shares of the real estate investment trust's stock worth $88,140,000 after acquiring an additional 42,825 shares during the period. CIBC Asset Management Inc grew its stake in shares of Alexandria Real Estate Equities by 67.3% in the 3rd quarter. CIBC Asset Management Inc now owns 37,276 shares of the real estate investment trust's stock valued at $4,427,000 after purchasing an additional 14,992 shares during the last quarter. Finally, Hahn Capital Management LLC increased its holdings in shares of Alexandria Real Estate Equities by 50.4% in the fourth quarter. Hahn Capital Management LLC now owns 68,370 shares of the real estate investment trust's stock valued at $6,669,000 after purchasing an additional 22,926 shares during the period. 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.