Alexandria Real Estate Equities (NYSE:ARE) Cut to “Sell” at StockNews.com

Alexandria Real Estate Equities (NYSE:ARE) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

ARE has been the topic of several other research reports. Royal Bank of Canada cut their price target on Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating on the stock in a research note on Tuesday, December 17th. Evercore ISI cut 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 research note on Wednesday, October 23rd. Robert W. Baird cut their price target on Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. JPMorgan Chase & Co. cut Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $133.00 to $121.00 in a research note on Wednesday, November 27th. Finally, Deutsche Bank Aktiengesellschaft cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and cut their price target for the stock from $135.00 to $112.00 in a research note on Friday, November 15th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $121.30.

Alexandria Real Estate Equities Price Performance

Shares of NYSE ARE opened at $95.83 on Wednesday. Alexandria Real Estate Equities has a 1-year low of $94.35 and a 1-year high of $130.14. The business has a 50-day moving average of $101.76 and a 200-day moving average of $111.75. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.20 and a quick ratio of 0.20. The company has a market capitalization of $16.75 billion, a price-to-earnings ratio of 58.43, a PEG ratio of 3.85 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share for the quarter, topping the consensus estimate of $0.91 by $1.48. Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. On average, equities analysts anticipate that Alexandria Real Estate Equities will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities announced that its Board of Directors has authorized a share repurchase program on Monday, December 9th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to purchase up to 2.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

Institutional Trading of Alexandria Real Estate Equities

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. New York State Teachers Retirement System raised its position in shares of Alexandria Real Estate Equities by 16.3% during the 4th quarter. New York State Teachers Retirement System now owns 153,301 shares of the real estate investment trust’s stock worth $14,955,000 after purchasing an additional 21,464 shares during the period. Banque Pictet & Cie SA grew its holdings in Alexandria Real Estate Equities by 2,377.9% in the 4th quarter. Banque Pictet & Cie SA now owns 63,780 shares of the real estate investment trust’s stock worth $6,222,000 after buying an additional 61,206 shares in the last quarter. Core Alternative Capital grew its holdings in Alexandria Real Estate Equities by 6.6% in the 4th quarter. Core Alternative Capital now owns 29,164 shares of the real estate investment trust’s stock worth $2,845,000 after buying an additional 1,818 shares in the last quarter. Savant Capital LLC bought a new position in Alexandria Real Estate Equities in the 4th quarter worth approximately $419,000. Finally, Thompson Investment Management Inc. grew its holdings in Alexandria Real Estate Equities by 3.0% in the 4th quarter. Thompson Investment Management Inc. now owns 31,630 shares of the real estate investment trust’s stock worth $3,086,000 after buying an additional 931 shares in the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

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.