StockNews.com Downgrades Alexandria Real Estate Equities (NYSE:ARE) to Sell

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

ARE has been the subject of a number of other research reports. JPMorgan Chase & Co. lowered Alexandria Real Estate Equities from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $133.00 to $121.00 in a research note on Wednesday, November 27th. Robert W. Baird dropped their price target on Alexandria Real Estate Equities from $137.00 to $130.00 and set an "outperform" rating for the company in a research report on Friday, November 8th. Royal Bank of Canada cut 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 report on Tuesday, December 17th. Evercore ISI decreased their price target on Alexandria Real Estate Equities from $129.00 to $124.00 and set an "in-line" rating on the stock in a report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $135.00 to $112.00 in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $121.30.

Alexandria Real Estate Equities Trading Up 1.7 %

Shares of ARE traded up $1.59 during mid-day trading on Thursday, reaching $97.16. The company's stock had a trading volume of 1,025,620 shares, compared to its average volume of 1,343,740. The stock has a market cap of $16.82 billion, a PE ratio of 53.98, a P/E/G ratio of 3.93 and a beta of 1.16. The company's fifty day moving average price is $97.85 and its two-hundred day moving average price is $108.81. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.55. Alexandria Real Estate Equities has a 52 week low of $93.25 and a 52 week high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $2.39 EPS for the quarter, beating the consensus estimate 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, analysts predict that Alexandria Real Estate Equities will post 9.32 earnings per share for the current fiscal year.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of Alexandria Real Estate Equities in the 4th quarter valued at about $1,605,426,000. State Street Corp increased its holdings 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 valued at $1,270,634,000 after acquiring an additional 112,864 shares during the period. JPMorgan Chase & Co. raised its position in Alexandria Real Estate Equities by 212.9% in the 4th quarter. JPMorgan Chase & Co. now owns 8,265,880 shares of the real estate investment trust's stock valued at $806,337,000 after purchasing an additional 5,624,163 shares during the last quarter. Geode Capital Management LLC lifted its position in Alexandria Real Estate Equities by 2.4% during 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 period. Finally, Capital World Investors acquired a new stake in Alexandria Real Estate Equities in the fourth quarter valued at about $326,959,000. 96.54% of the stock is owned by hedge funds and other institutional investors.

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.