Alexandria Real Estate Equities (NYSE:ARE) Receives Market Outperform Rating from JMP Securities

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report)'s stock had its "market outperform" rating reissued by JMP Securities in a report released on Wednesday,Benzinga reports. They currently have a $130.00 price objective on the real estate investment trust's stock. JMP Securities' target price indicates a potential upside of 33.91% from the company's previous close.

Several other analysts have also recently issued reports on the stock. Wedbush reiterated an "outperform" rating and issued a $110.00 target price (down from $120.00) on shares of Alexandria Real Estate Equities in a research note on Friday, December 6th. JPMorgan Chase & Co. lowered Alexandria Real Estate Equities from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $133.00 to $121.00 in a research note on Wednesday, November 27th. Royal Bank of Canada decreased their target price 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. Evercore ISI dropped their price target on Alexandria Real Estate Equities from $129.00 to $124.00 and set an "in-line" rating for the company in a research report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft lowered Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and cut their price objective for the stock from $135.00 to $112.00 in a report on Friday, November 15th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Alexandria Real Estate Equities has a consensus rating of "Hold" and a consensus price target of $121.90.

Alexandria Real Estate Equities Stock Performance

Shares of NYSE ARE traded down $0.17 during mid-day trading on Wednesday, hitting $97.08. The company had a trading volume of 272,122 shares, compared to its average volume of 1,336,892. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.56. Alexandria Real Estate Equities has a 1 year low of $94.35 and a 1 year high of $130.14. The company has a market capitalization of $16.97 billion, a price-to-earnings ratio of 59.29, a P/E/G ratio of 3.85 and a beta of 1.16. The stock's 50-day moving average price is $101.92 and its 200-day moving average price is $111.87.

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

Alexandria Real Estate Equities declared that its board has approved a stock buyback program on Monday, December 9th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to buy up to 2.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.

Institutional Investors Weigh In On Alexandria Real Estate Equities

A number of hedge funds and other institutional investors have recently modified their holdings of ARE. Presima Securities ULC lifted its position in Alexandria Real Estate Equities by 0.9% in the third quarter. Presima Securities ULC now owns 11,725 shares of the real estate investment trust's stock valued at $1,392,000 after purchasing an additional 100 shares during the last quarter. Capital Square LLC increased its stake in shares of Alexandria Real Estate Equities by 2.1% in the third quarter. Capital Square LLC now owns 5,811 shares of the real estate investment trust's stock worth $690,000 after buying an additional 118 shares during the period. Private Advisor Group LLC raised its holdings in Alexandria Real Estate Equities by 5.1% during the 3rd quarter. Private Advisor Group LLC now owns 2,651 shares of the real estate investment trust's stock valued at $315,000 after buying an additional 129 shares during the last quarter. Cascade Investment Advisors Inc. boosted its position in Alexandria Real Estate Equities by 1.3% during the 3rd quarter. Cascade Investment Advisors Inc. now owns 10,075 shares of the real estate investment trust's stock valued at $1,196,000 after buying an additional 130 shares during the period. Finally, NBC Securities Inc. grew its holdings in Alexandria Real Estate Equities by 9.7% in the 3rd quarter. NBC Securities Inc. now owns 1,475 shares of the real estate investment trust's stock worth $175,000 after acquiring an additional 130 shares during 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.

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