Alexandria Real Estate Equities (NYSE:ARE) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of Alexandria Real Estate Equities (NYSE:ARE) from a sell rating to a hold rating in a report published on Friday.

ARE has been the topic of a number of other reports. Robert W. Baird reduced their target price on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Wedbush restated a “neutral” rating and issued a $104.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Royal Bank of Canada reduced their target price on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating on the stock in a report on Tuesday, December 17th. JPMorgan Chase & Co. downgraded shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $133.00 to $121.00 in a report on Wednesday, November 27th. Finally, JMP Securities restated a “market outperform” rating and issued a $130.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $121.30.

Alexandria Real Estate Equities Stock Performance

Shares of NYSE ARE opened at $102.48 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.21 and a current ratio of 0.21. The company has a market cap of $17.74 billion, a P/E ratio of 56.93, a P/E/G ratio of 3.93 and a beta of 1.16. The firm’s fifty day moving average is $97.89 and its two-hundred day moving average is $108.43. Alexandria Real Estate Equities has a 52-week low of $93.25 and a 52-week high of $130.14.

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

Alexandria Real Estate Equities Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $1.32 dividend. This represents a $5.28 annualized dividend and a yield of 5.15%. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Tuesday, December 31st. Alexandria Real Estate Equities’s payout ratio is 293.33%.

Alexandria Real Estate Equities announced that its board has initiated a stock repurchase plan on Monday, December 9th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the real estate investment trust to repurchase up to 2.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Institutional Investors Weigh In On Alexandria Real Estate Equities

Large investors have recently added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC purchased a new stake in Alexandria Real Estate Equities in the 3rd quarter valued at about $25,000. Ashton Thomas Securities LLC purchased a new stake in Alexandria Real Estate Equities in the 3rd quarter valued at about $30,000. EverSource Wealth Advisors LLC boosted its position in Alexandria Real Estate Equities by 57.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 109 shares during the period. Colonial Trust Co SC boosted its position in Alexandria Real Estate Equities by 514.3% in the 4th quarter. Colonial Trust Co SC now owns 301 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 252 shares during the period. Finally, Venturi Wealth Management LLC boosted its position in Alexandria Real Estate Equities by 144.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 180 shares during the period. 96.54% of the stock is owned by hedge funds and other 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.