Alexandria Real Estate Equities (NYSE:ARE) Price Target Lowered to $130.00 at Robert W. Baird

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) had its price target cut by stock analysts at Robert W. Baird from $137.00 to $130.00 in a report issued on Friday,Benzinga reports. The firm presently has an "outperform" rating on the real estate investment trust's stock. Robert W. Baird's target price suggests a potential upside of 14.00% from the stock's previous close.

A number of other equities research analysts have also recently issued reports on ARE. Jefferies Financial Group cut Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and decreased their target price for the stock from $136.00 to $127.00 in a research report on Friday, August 2nd. Evercore ISI lowered their target price on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an "in-line" rating on the stock in a research note on Wednesday, October 23rd. Citigroup lowered shares of Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and cut their target price for the stock from $130.00 to $125.00 in a research report on Friday, September 13th. Bank of America downgraded Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and lowered their price target for the company from $151.00 to $126.00 in a research report on Monday, July 29th. Finally, Wedbush decreased their target price on 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. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $131.10.

Alexandria Real Estate Equities Stock Up 0.3 %

Alexandria Real Estate Equities stock traded up $0.32 during trading hours on Friday, hitting $114.04. The company had a trading volume of 875,562 shares, compared to its average volume of 988,300. The firm's fifty day moving average is $118.23 and its 200-day moving average is $118.23. The firm has a market capitalization of $19.93 billion, a P/E ratio of 69.32, a price-to-earnings-growth ratio of 4.23 and a beta of 1.16. Alexandria Real Estate Equities has a fifty-two week low of $93.17 and a fifty-two week high of $135.45. 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 (NYSE:ARE - Get Free Report) last issued its earnings results 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). The firm had revenue of $791.60 million during the quarter, compared to analysts' expectations of $766.97 million. Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The business's revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.26 EPS. On average, research analysts forecast that Alexandria Real Estate Equities will post 9.48 earnings per share for the current year.

Institutional Investors Weigh In On Alexandria Real Estate Equities

Large investors have recently made changes to their positions in the stock. Arbor Capital Management Inc. ADV lifted its position in shares of Alexandria Real Estate Equities by 1.1% in the second quarter. Arbor Capital Management Inc. ADV now owns 8,639 shares of the real estate investment trust's stock valued at $1,000,000 after buying an additional 93 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of Alexandria Real Estate Equities by 0.7% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 13,544 shares of the real estate investment trust's stock worth $1,584,000 after buying an additional 100 shares during the last quarter. Presima Securities ULC boosted its holdings in shares of Alexandria Real Estate Equities by 0.9% during the 3rd quarter. Presima Securities ULC now owns 11,725 shares of the real estate investment trust's stock worth $1,392,000 after buying an additional 100 shares during the period. GAMMA Investing LLC grew its stake in Alexandria Real Estate Equities by 7.9% in the 2nd quarter. GAMMA Investing LLC now owns 1,414 shares of the real estate investment trust's stock valued at $165,000 after buying an additional 103 shares during the last quarter. Finally, PFG Investments LLC raised its holdings in Alexandria Real Estate Equities by 5.1% in the 2nd quarter. PFG Investments LLC now owns 2,392 shares of the real estate investment trust's stock valued at $280,000 after acquiring an additional 115 shares during the period. Institutional investors and hedge funds own 96.54% of the company's stock.

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.