Alexandria Real Estate Equities (NYSE:ARE) Rating Lowered to Neutral at JPMorgan Chase & Co.

JPMorgan Chase & Co. cut shares of Alexandria Real Estate Equities (NYSE:ARE - Free Report) from an overweight rating to a neutral rating in a report issued on Wednesday morning, Marketbeat.com reports. The brokerage currently has $121.00 price target on the real estate investment trust's stock, down from their previous price target of $133.00.

Other research analysts have also issued reports about the company. Evercore ISI lowered their price objective 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. Royal Bank of Canada reiterated a "sector perform" rating and issued a $125.00 target price (down from $130.00) on shares of Alexandria Real Estate Equities in a report on Thursday, October 24th. Citigroup lowered Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and dropped their price target for the company from $130.00 to $125.00 in a research note on Friday, September 13th. Wedbush reduced 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 report on Wednesday, October 23rd. Finally, Robert W. Baird dropped their target price on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an "outperform" rating on the stock in a research report on Friday, November 8th. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $126.73.

Alexandria Real Estate Equities Trading Down 1.2 %

Shares of Alexandria Real Estate Equities stock traded down $1.31 during midday trading on Wednesday, reaching $110.44. The company had a trading volume of 814,018 shares, compared to its average volume of 1,004,596. The firm has a market cap of $19.30 billion, a PE ratio of 67.34, a P/E/G ratio of 4.20 and a beta of 1.16. The stock has a fifty day moving average price of $114.80 and a 200 day moving average price of $117.19. 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 $102.89 and a fifty-two week high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.96 EPS 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 firm had revenue of $791.60 million during the quarter, compared to the consensus estimate of $766.97 million. During the same period in the prior year, the company posted $2.26 earnings per share. The company's revenue for the quarter was up 10.9% compared to the same quarter last year. On average, equities analysts anticipate that Alexandria Real Estate Equities will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid 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 yield of 4.71%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is currently 317.07%.

Institutional Investors Weigh In On Alexandria Real Estate Equities

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tidal Investments LLC grew its position in Alexandria Real Estate Equities by 26.6% in the 3rd quarter. Tidal Investments LLC now owns 16,808 shares of the real estate investment trust's stock worth $1,996,000 after purchasing an additional 3,535 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Alexandria Real Estate Equities in the 3rd quarter worth approximately $43,000. Virtu Financial LLC bought a new position in shares of Alexandria Real Estate Equities in the third quarter valued at approximately $276,000. TD Private Client Wealth LLC increased its position in shares of Alexandria Real Estate Equities by 5,113.4% during the third quarter. TD Private Client Wealth LLC now owns 12,825 shares of the real estate investment trust's stock valued at $1,523,000 after acquiring an additional 12,579 shares during the last quarter. Finally, Toronto Dominion Bank lifted its holdings in Alexandria Real Estate Equities by 0.5% during the third quarter. Toronto Dominion Bank now owns 77,257 shares of the real estate investment trust's stock worth $9,174,000 after acquiring an additional 392 shares during the period. 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.