Alexandria Real Estate Equities (NYSE:ARE) Downgraded to “Neutral” Rating by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of Alexandria Real Estate Equities (NYSE:ARE) from an overweight rating to a neutral rating in a report issued on Wednesday, MarketBeat Ratings reports. They currently have $121.00 price objective on the real estate investment trust’s stock, down from their prior price objective of $133.00.

Other equities research analysts have also issued research reports about the stock. Wedbush cut their price target 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, October 23rd. Deutsche Bank Aktiengesellschaft downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their price target for the company from $135.00 to $112.00 in a report on Friday, November 15th. Evercore ISI dropped their price objective on Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating for the company in a report on Wednesday, October 23rd. Royal Bank of Canada reissued a “sector perform” rating and set a $125.00 target price (down from $130.00) on shares of Alexandria Real Estate Equities in a research note on Thursday, October 24th. Finally, BMO Capital Markets raised Alexandria Real Estate Equities to a “hold” rating in a research note on Wednesday, September 25th. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Alexandria Real Estate Equities has an average rating of “Hold” and an average price target of $126.73.

Alexandria Real Estate Equities Stock Down 1.2 %

ARE opened at $110.44 on Wednesday. Alexandria Real Estate Equities has a 12 month low of $102.89 and a 12 month high of $135.45. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.56. The business’s 50-day moving average price is $114.80 and its 200-day moving average price is $117.19. The company has a market cap of $19.30 billion, a P/E ratio of 67.34, a P/E/G ratio of 4.20 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE) last announced 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). The company had revenue of $791.60 million during the quarter, compared to analysts’ expectations of $766.97 million. Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. Alexandria Real Estate Equities’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period last year, the firm earned $2.26 earnings per share. On average, equities analysts expect that Alexandria Real Estate Equities will post 9.47 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 4.71%. The ex-dividend date was Monday, September 30th. Alexandria Real Estate Equities’s payout ratio is currently 317.07%.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Several large investors have recently made changes to their positions in the business. Catalyst Capital Advisors LLC purchased a new stake in shares of Alexandria Real Estate Equities in the 3rd quarter worth approximately $25,000. Ashton Thomas Securities LLC bought a new stake in Alexandria Real Estate Equities in the third quarter worth $30,000. UMB Bank n.a. boosted its holdings in 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 acquiring an additional 154 shares in the last quarter. Rothschild Investment LLC purchased a new stake in shares of Alexandria Real Estate Equities in the second quarter worth $33,000. Finally, Venturi Wealth Management LLC increased its holdings in shares of Alexandria Real Estate Equities by 144.0% during the third quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 180 shares in the last quarter. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

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.