Robert W. Baird Issues Pessimistic Forecast for Alexandria Real Estate Equities (NYSE:ARE) Stock Price

Alexandria Real Estate Equities (NYSE:ARE) had its target price trimmed by Robert W. Baird from $137.00 to $130.00 in a research report sent to investors on Friday morning,Benzinga reports. The brokerage currently has an outperform rating on the real estate investment trust’s stock.

Other equities analysts also recently issued reports about the company. Wedbush reduced their price target on Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. BMO Capital Markets raised shares of Alexandria Real Estate Equities to a “hold” rating in a report on Wednesday, September 25th. Evercore ISI cut their price target on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating on the stock in a report on Wednesday, October 23rd. Citigroup lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $130.00 to $125.00 in a report on Friday, September 13th. Finally, JMP Securities reiterated a “market outperform” rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a research note on Tuesday, July 23rd. 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.com, Alexandria Real Estate Equities has a consensus rating of “Hold” and a consensus target price of $131.10.

Alexandria Real Estate Equities Trading Down 2.4 %

Shares of NYSE ARE opened at $111.36 on Friday. Alexandria Real Estate Equities has a 1 year low of $93.17 and a 1 year 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. The firm has a 50-day moving average of $118.04 and a 200 day moving average of $118.14. The stock has a market cap of $19.46 billion, a P/E ratio of 67.90, a price-to-earnings-growth ratio of 4.27 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.38 by ($1.42). The business had revenue of $791.60 million for 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%. Alexandria Real Estate Equities’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.26 earnings per share. As a group, sell-side analysts expect that Alexandria Real Estate Equities will post 9.48 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $1.30 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.20 annualized dividend and a yield of 4.67%. Alexandria Real Estate Equities’s payout ratio is 317.07%.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Institutional investors have recently made changes to their positions in the business. Arbor Capital Management Inc. ADV increased its holdings in Alexandria Real Estate Equities by 1.1% during 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 increased its stake in shares of Alexandria Real Estate Equities by 0.7% in 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 purchasing an additional 100 shares in the last quarter. Presima Securities ULC raised its holdings in Alexandria Real Estate Equities by 0.9% in the 3rd quarter. Presima Securities ULC now owns 11,725 shares of the real estate investment trust’s stock worth $1,392,000 after purchasing an additional 100 shares during the period. GAMMA Investing LLC lifted its position in Alexandria Real Estate Equities by 7.9% during the second quarter. GAMMA Investing LLC now owns 1,414 shares of the real estate investment trust’s stock valued at $165,000 after purchasing an additional 103 shares in the last quarter. Finally, PFG Investments LLC lifted its position in Alexandria Real Estate Equities by 5.1% during the second quarter. PFG Investments LLC now owns 2,392 shares of the real estate investment trust’s stock valued at $280,000 after purchasing an additional 115 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.