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

Alexandria Real Estate Equities (NYSE:ARE) was upgraded by BMO Capital Markets to a “hold” rating in a report released on Wednesday, Zacks.com reports.

A number of other analysts also recently weighed in on ARE. JMP Securities reaffirmed a “market outperform” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a report on Tuesday, July 23rd. Citigroup cut Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and cut their target price for the stock from $130.00 to $125.00 in a research note on Friday, September 13th. Royal Bank of Canada decreased their price target on Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating on the stock in a research note on Monday, August 5th. Bank of America downgraded Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $151.00 to $126.00 in a research report on Monday, July 29th. Finally, Evercore ISI boosted their target price on Alexandria Real Estate Equities from $126.00 to $127.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 28th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $130.70.

Alexandria Real Estate Equities Trading Down 0.5 %

Shares of ARE stock opened at $121.03 on Wednesday. Alexandria Real Estate Equities has a 12-month low of $90.73 and a 12-month high of $135.45. The firm has a 50 day moving average price of $118.46 and a two-hundred day moving average price of $119.77. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $21.17 billion, a PE 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 earnings results on Monday, July 22nd. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $766.70 million for the quarter, compared to analyst estimates of $775.03 million. During the same period in the prior year, the business posted $2.24 EPS. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. As a group, analysts predict that Alexandria Real Estate Equities will post 9.47 earnings per share for the current year.

Hedge Funds Weigh In On Alexandria Real Estate Equities

A number of hedge funds have recently made changes to their positions in ARE. Mather Group LLC. acquired a new position in Alexandria Real Estate Equities in the first quarter valued at $30,000. UMB Bank n.a. boosted its position in shares of Alexandria Real Estate Equities by 132.8% during the 2nd quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 154 shares in the last quarter. Rothschild Investment LLC bought a new stake in Alexandria Real Estate Equities in the second quarter worth approximately $33,000. Riverview Trust Co acquired a new position in Alexandria Real Estate Equities in the first quarter valued at approximately $37,000. Finally, Global X Japan Co. Ltd. bought a new position in shares of Alexandria Real Estate Equities during the 2nd quarter worth approximately $43,000. 96.54% of the stock is currently 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.