Royal Bank of Canada Reiterates “Sector Perform” Rating for Alexandria Real Estate Equities (NYSE:ARE)

Royal Bank of Canada reissued their sector perform rating on shares of Alexandria Real Estate Equities (NYSE:ARE) in a research report sent to investors on Thursday morning, Marketbeat Ratings reports. The firm currently has a $125.00 price target on the real estate investment trust’s stock, down from their prior price target of $130.00.

A number of other equities analysts also recently commented on the stock. Bank of America downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $151.00 to $126.00 in a report on Monday, July 29th. Jefferies Financial Group downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and lowered their price objective for the company from $136.00 to $127.00 in a research report on Friday, August 2nd. Wedbush cut their target price on shares of Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating on the stock in a report on Wednesday. Citigroup lowered Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and lowered their target price for the company from $130.00 to $125.00 in a report on Friday, September 13th. Finally, 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 report on Wednesday. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Alexandria Real Estate Equities currently has a consensus rating of “Hold” and a consensus price target of $131.22.

Alexandria Real Estate Equities Trading Down 2.9 %

NYSE ARE opened at $113.02 on Thursday. The company’s fifty day moving average price is $119.17 and its two-hundred day moving average price is $118.68. The company has a market capitalization of $19.77 billion, a price-to-earnings ratio of 105.63, a price-to-earnings-growth ratio of 3.99 and a beta of 1.16. Alexandria Real Estate Equities has a 12 month low of $90.73 and a 12 month high of $135.45. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.23 and a quick ratio of 0.23.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly 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). Alexandria Real Estate Equities had a return on equity of 0.68% and a net margin of 5.09%. The firm had revenue of $791.60 million during the quarter, compared to analyst estimates of $766.97 million. During the same quarter last year, the business posted $2.26 earnings per share. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. As a group, research analysts predict that Alexandria Real Estate Equities will post 9.47 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date was Monday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 485.98%.

Institutional Trading of Alexandria Real Estate Equities

Several hedge funds have recently added to or reduced their stakes in ARE. UMB Bank n.a. grew its stake in shares of Alexandria Real Estate Equities by 132.8% in the second quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 154 shares in the last quarter. Rothschild Investment LLC acquired a new stake in Alexandria Real Estate Equities in the second quarter worth about $33,000. Global X Japan Co. Ltd. bought a new position in Alexandria Real Estate Equities in the 2nd quarter valued at about $43,000. M&R Capital Management Inc. acquired a new position in Alexandria Real Estate Equities during the 3rd quarter valued at about $50,000. Finally, Hilltop National Bank raised its position in shares of Alexandria Real Estate Equities by 27.0% during the 2nd 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 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.