Alexandria Real Estate Equities (NYSE:ARE) Earns Hold Rating from Analysts at Jefferies Financial Group

Analysts at Jefferies Financial Group started coverage on shares of Alexandria Real Estate Equities (NYSE:ARE) in a research note issued to investors on Monday, MarketBeat Ratings reports. The firm set a “hold” rating and a $100.00 price target on the real estate investment trust’s stock. Jefferies Financial Group’s price objective suggests a potential upside of 1.69% from the company’s current price.

ARE has been the topic of a number of other reports. JMP Securities restated a “market outperform” rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Wedbush restated a “neutral” rating and set a $104.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. StockNews.com upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. JPMorgan Chase & Co. cut Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $133.00 to $121.00 in a research report on Wednesday, November 27th. Finally, Royal Bank of Canada lowered 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 report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $118.60.

Alexandria Real Estate Equities Stock Down 1.2 %

Shares of ARE stock opened at $98.34 on Monday. Alexandria Real Estate Equities has a 12 month low of $93.25 and a 12 month high of $130.14. The firm has a market cap of $17.02 billion, a PE ratio of 54.63, a price-to-earnings-growth ratio of 3.93 and a beta of 1.17. The stock has a 50 day moving average of $98.29 and a 200-day moving average of $106.85. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $2.39 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $1.48. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. On average, equities analysts predict that Alexandria Real Estate Equities will post 9.32 EPS for the current year.

Alexandria Real Estate Equities declared that its Board of Directors has initiated a stock repurchase plan on Monday, December 9th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to reacquire up to 2.7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Large investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its stake in shares of Alexandria Real Estate Equities by 57.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 109 shares during the period. Colonial Trust Co SC lifted its stake in shares of Alexandria Real Estate Equities by 514.3% during the fourth quarter. Colonial Trust Co SC now owns 301 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 252 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Alexandria Real Estate Equities during the third quarter valued at $43,000. Cary Street Partners Financial LLC acquired a new position in shares of Alexandria Real Estate Equities during the fourth quarter valued at $50,000. Finally, Loomis Sayles & Co. L P lifted its stake in shares of Alexandria Real Estate Equities by 3,129.4% during the third quarter. Loomis Sayles & Co. L P now owns 549 shares of the real estate investment trust’s stock valued at $65,000 after acquiring an additional 532 shares during the period. 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.