Alexandria Real Estate Equities (NYSE:ARE) Lifted to “Hold” at BMO Capital Markets

BMO Capital Markets upgraded shares of Alexandria Real Estate Equities (NYSE:ARE) to a hold rating in a report issued on Wednesday morning, Zacks.com reports.

A number of other analysts also recently commented on the company. Jefferies Financial Group downgraded Alexandria Real Estate Equities from a buy rating to a hold rating and reduced their price objective for the stock from $136.00 to $127.00 in a research report on Friday, August 2nd. Citigroup cut Alexandria Real Estate Equities from a buy rating to a neutral rating and reduced their target price for the stock from $130.00 to $125.00 in a research report on Friday, September 13th. Bank of America lowered shares of 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 report on Monday, July 29th. JMP Securities reaffirmed a market outperform rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a report on Tuesday, July 23rd. Finally, Royal Bank of Canada decreased their target price on shares of Alexandria Real Estate Equities from $135.00 to $130.00 and set an outperform rating on the stock in a research report on Monday, August 5th. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Alexandria Real Estate Equities presently has a consensus rating of Hold and an average target price of $130.70.

Alexandria Real Estate Equities Trading Down 0.5 %

Shares of ARE stock opened at $121.03 on Wednesday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.55. Alexandria Real Estate Equities has a 1 year low of $90.73 and a 1 year high of $135.45. The firm’s fifty day simple moving average is $118.46 and its 200 day simple moving average is $119.77. The firm has a market capitalization of $21.17 billion, a P/E ratio of 113.11, a price-to-earnings-growth ratio of 4.26 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.34 by ($2.09). Alexandria Real Estate Equities had a return on equity of 0.68% and a net margin of 5.09%. The company had revenue of $766.70 million for the quarter, compared to the consensus estimate of $775.03 million. During the same quarter in the previous year, the firm posted $2.24 EPS. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, sell-side analysts predict that Alexandria Real Estate Equities will post 9.47 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 4.30%. The ex-dividend date is Monday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio is currently 485.98%.

Institutional Trading of Alexandria Real Estate Equities

Large investors have recently added to or reduced their stakes in the company. Mather Group LLC. bought a new position in shares of Alexandria Real Estate Equities in the first quarter valued at approximately $30,000. UMB Bank n.a. grew its holdings in shares of 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 purchasing an additional 154 shares during the last quarter. Rothschild Investment LLC bought a new position in shares of Alexandria Real Estate Equities in the second quarter valued at about $33,000. Riverview Trust Co acquired a new position in Alexandria Real Estate Equities during the 1st quarter worth about $37,000. Finally, Global X Japan Co. Ltd. bought a new stake in Alexandria Real Estate Equities during the 2nd quarter worth about $43,000. 96.54% of the stock is owned by institutional investors.

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.