Alexandria Real Estate Equities (NYSE:ARE) Rating Reiterated by Royal Bank of Canada

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report)'s stock had its "sector perform" rating reiterated by Royal Bank of Canada in a research note issued to investors on Thursday, Benzinga reports. They presently have a $125.00 target price on the real estate investment trust's stock, down from their prior target price of $130.00. Royal Bank of Canada's price objective would suggest a potential upside of 7.43% from the stock's current price.

Several other equities analysts have also commented on the stock. JMP Securities restated a "market outperform" rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a research report on Tuesday, July 23rd. Evercore ISI decreased their target price on shares of 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. Jefferies Financial Group cut Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and cut their price target for the company from $136.00 to $127.00 in a report on Friday, August 2nd. Citigroup lowered Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $130.00 to $125.00 in a report on Friday, September 13th. Finally, BMO Capital Markets raised Alexandria Real Estate Equities to a "hold" rating in a research note on Wednesday, September 25th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Alexandria Real Estate Equities currently has an average rating of "Hold" and an average price target of $131.22.

Alexandria Real Estate Equities Stock Performance

ARE traded down $3.55 on Thursday, hitting $116.35. 1,498,875 shares of the company's stock were exchanged, compared to its average volume of 979,830. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.55. The stock has a fifty day moving average of $119.18 and a two-hundred day moving average of $118.79. Alexandria Real Estate Equities has a twelve month low of $90.73 and a twelve month high of $135.45. The firm has a market cap of $20.35 billion, a PE ratio of 108.74, a P/E/G ratio of 3.99 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly 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 return on equity of 0.68% and a net margin of 5.09%. The company had revenue of $791.60 million for the quarter, compared to analyst estimates of $766.97 million. During the same quarter in the previous year, the company posted $2.26 earnings per share. The firm's revenue for the quarter was up 10.9% compared to the same quarter last year. On average, research analysts anticipate that Alexandria Real Estate Equities will post 9.47 earnings per share for the current fiscal year.

Institutional Trading of Alexandria Real Estate Equities

Several institutional investors have recently modified their holdings of the company. UMB Bank n.a. grew its holdings in Alexandria Real Estate Equities by 132.8% during the second quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust's stock worth $32,000 after acquiring an additional 154 shares during the period. Rothschild Investment LLC acquired a new position in shares of Alexandria Real Estate Equities in the 2nd quarter worth approximately $33,000. Global X Japan Co. Ltd. bought a new stake in shares of Alexandria Real Estate Equities in the 2nd quarter worth approximately $43,000. M&R Capital Management Inc. acquired a new stake in Alexandria Real Estate Equities during the third quarter valued at approximately $50,000. Finally, Hilltop National Bank boosted its holdings in Alexandria Real Estate Equities by 27.0% during the second quarter. Hilltop National Bank now owns 686 shares of the real estate investment trust's stock worth $80,000 after buying an additional 146 shares in the last quarter. Institutional investors and hedge funds 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.

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