Deutsche Bank Aktiengesellschaft Downgrades Alexandria Real Estate Equities (NYSE:ARE) to Hold

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) was downgraded by Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a report released on Friday, MarketBeat reports. They presently have a $112.00 price target on the real estate investment trust's stock, down from their prior price target of $135.00. Deutsche Bank Aktiengesellschaft's price objective would suggest a potential upside of 6.09% from the company's previous close.

Other analysts also recently issued research reports about the stock. Robert W. Baird lowered their target price on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an "outperform" rating for the company in a report on Friday, November 8th. Wedbush decreased their price objective on shares of Alexandria Real Estate Equities from $130.00 to $120.00 and set a "neutral" rating for the company in a research note on Wednesday, October 23rd. BMO Capital Markets upgraded Alexandria Real Estate Equities to a "hold" rating in a research note on Wednesday, September 25th. Evercore ISI decreased 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, JMP Securities reiterated a "market outperform" rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a report on Tuesday, July 23rd. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $127.30.

Alexandria Real Estate Equities Stock Down 2.5 %

NYSE ARE traded down $2.70 during trading hours on Friday, hitting $105.57. The company's stock had a trading volume of 778,010 shares, compared to its average volume of 990,651. The company has a market capitalization of $18.45 billion, a PE ratio of 64.38, a price-to-earnings-growth ratio of 4.08 and a beta of 1.16. 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 52 week low of $102.24 and a 52 week high of $135.45. The company's 50-day simple moving average is $117.32 and its two-hundred day simple moving average is $117.92.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share for the quarter, missing analysts' consensus estimates of $2.38 by ($1.42). Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The company had revenue of $791.60 million during the quarter, compared to the consensus estimate of $766.97 million. During the same quarter in the prior year, the business earned $2.26 EPS. The firm's revenue for the quarter was up 10.9% compared to the same quarter last year. Research analysts anticipate that Alexandria Real Estate Equities will post 9.47 EPS for the current fiscal year.

Hedge Funds Weigh In On Alexandria Real Estate Equities

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ARE. Catalyst Capital Advisors LLC purchased a new position in Alexandria Real Estate Equities in the 3rd quarter valued at approximately $25,000. Ashton Thomas Securities LLC purchased a new position in shares of Alexandria Real Estate Equities in the third quarter valued at $30,000. UMB Bank n.a. raised its stake in shares of Alexandria Real Estate Equities by 132.8% during the 2nd quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 154 shares during the period. Rothschild Investment LLC bought a new stake in shares of Alexandria Real Estate Equities during the 2nd quarter valued at $33,000. Finally, Venturi Wealth Management LLC lifted its holdings in Alexandria Real Estate Equities by 144.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 180 shares in the last quarter. Institutional investors own 96.54% of the company's stock.

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.