Alexandria Real Estate Equities (NYSE:ARE) Downgraded to Sell Rating by StockNews.com

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "hold" rating to a "sell" rating in a research report issued on Monday.

Other research analysts have also issued research reports about the company. Jefferies Financial Group assumed coverage on Alexandria Real Estate Equities in a report on Monday. They set a "hold" rating and a $100.00 price objective on the stock. JPMorgan Chase & Co. cut shares of Alexandria Real Estate Equities from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $133.00 to $121.00 in a research note on Wednesday, November 27th. Wedbush reiterated a "neutral" rating and issued a $104.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. JMP Securities reissued a "market outperform" rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Finally, 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 for the company in a report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Alexandria Real Estate Equities presently has a consensus rating of "Hold" and an average target price of $118.60.

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Alexandria Real Estate Equities Stock Performance

NYSE:ARE traded down $0.74 during midday trading on Monday, reaching $96.24. The stock had a trading volume of 2,205,868 shares, compared to its average volume of 1,042,241. 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 has a market cap of $16.66 billion, a P/E ratio of 53.46, a P/E/G ratio of 3.93 and a beta of 1.17. The firm has a fifty day simple moving average of $98.29 and a two-hundred day simple moving average of $106.72. Alexandria Real Estate Equities has a 12-month low of $93.25 and a 12-month high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share (EPS) for the quarter, topping 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 expect 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 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 buy up to 2.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its stock is undervalued.

Institutional Investors Weigh In On Alexandria Real Estate Equities

Hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its position in shares of Alexandria Real Estate Equities by 57.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 109 shares during the last quarter. Callan Capital LLC raised its holdings in Alexandria Real Estate Equities by 1.3% in the 4th quarter. Callan Capital LLC now owns 8,946 shares of the real estate investment trust's stock valued at $873,000 after acquiring an additional 111 shares during the last quarter. Capital Square LLC raised its holdings in Alexandria Real Estate Equities by 2.1% in the 3rd quarter. Capital Square LLC now owns 5,811 shares of the real estate investment trust's stock valued at $690,000 after acquiring an additional 118 shares during the last quarter. Coldstream Capital Management Inc. lifted its stake in shares of Alexandria Real Estate Equities by 6.0% during the 4th quarter. Coldstream Capital Management Inc. now owns 2,119 shares of the real estate investment trust's stock worth $207,000 after purchasing an additional 120 shares during the period. Finally, Wedbush Securities Inc. boosted its holdings in shares of Alexandria Real Estate Equities by 5.8% during the fourth quarter. Wedbush Securities Inc. now owns 2,300 shares of the real estate investment trust's stock worth $224,000 after purchasing an additional 126 shares during the last quarter. 96.54% of the stock is owned by institutional investors and hedge funds.

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.