Alexandria Real Estate Equities (NYSE:ARE) Price Target Cut to $130.00 by Analysts at JMP Securities

Alexandria Real Estate Equities (NYSE:ARE - Free Report) had its price objective reduced by JMP Securities from $140.00 to $130.00 in a research note published on Friday,Benzinga reports. They currently have a market outperform rating on the real estate investment trust's stock.

Several other research analysts also recently commented on ARE. Royal Bank of Canada reiterated a "sector perform" rating and issued a $125.00 target price (down previously from $130.00) on shares of Alexandria Real Estate Equities in a report on Thursday, October 24th. Jefferies Financial Group downgraded shares of Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $136.00 to $127.00 in a report on Friday, August 2nd. Evercore ISI dropped their price objective on shares of 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. Deutsche Bank Aktiengesellschaft downgraded 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 report on Friday. Finally, Citigroup lowered shares of Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and decreased their target price for the company from $130.00 to $125.00 in a research report on Friday, September 13th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $127.30.

Alexandria Real Estate Equities Stock Down 2.5 %

Shares of ARE stock traded down $2.72 on Friday, hitting $105.55. The company's stock had a trading volume of 1,257,796 shares, compared to its average volume of 992,813. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.20 and a quick ratio of 0.20. Alexandria Real Estate Equities has a fifty-two week low of $102.24 and a fifty-two week high of $135.45. The firm's fifty day moving average price is $117.32 and its 200-day moving average price is $117.92. The stock has a market capitalization of $18.45 billion, a price-to-earnings ratio of 64.38, a P/E/G ratio of 4.08 and a beta of 1.16.

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

Alexandria Real Estate Equities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $1.30 per share. The ex-dividend date was Monday, September 30th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.93%. Alexandria Real Estate Equities's payout ratio is 317.07%.

Institutional Investors Weigh In On Alexandria Real Estate Equities

A number of institutional investors and hedge funds have recently modified their holdings of ARE. Vanguard Group Inc. increased its stake in Alexandria Real Estate Equities by 0.6% in the first quarter. Vanguard Group Inc. now owns 26,784,689 shares of the real estate investment trust's stock valued at $3,452,814,000 after purchasing an additional 156,643 shares in the last quarter. State Street Corp raised its holdings in shares of Alexandria Real Estate Equities by 1.1% during the third quarter. State Street Corp now owns 10,585,038 shares of the real estate investment trust's stock worth $1,270,634,000 after acquiring an additional 112,864 shares during the period. Canada Pension Plan Investment Board grew its position in Alexandria Real Estate Equities by 0.9% in the second quarter. Canada Pension Plan Investment Board now owns 4,073,312 shares of the real estate investment trust's stock valued at $476,455,000 after purchasing an additional 35,216 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Alexandria Real Estate Equities by 3.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,450,902 shares of the real estate investment trust's stock valued at $291,045,000 after purchasing an additional 72,934 shares in the last quarter. Finally, M&G Plc grew its position in shares of Alexandria Real Estate Equities by 4.9% in the 2nd quarter. M&G Plc now owns 1,659,092 shares of the real estate investment trust's stock valued at $194,114,000 after acquiring an additional 77,686 shares during the period. 96.54% of the stock is owned by institutional investors.

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.