JPMorgan Chase & Co. Issues Pessimistic Forecast for Alexandria Real Estate Equities (NYSE:ARE) Stock Price

Alexandria Real Estate Equities (NYSE:ARE) had its price target reduced by stock analysts at JPMorgan Chase & Co. from $117.00 to $95.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 38.50% from the stock’s current price.

Several other brokerages have also recently issued reports on ARE. Jefferies Financial Group initiated coverage on Alexandria Real Estate Equities in a research report on Monday, March 17th. They set a “hold” rating and a $100.00 price target on the stock. JMP Securities reissued a “market outperform” rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 30th. StockNews.com raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Thursday, April 3rd. Finally, Wedbush reissued a “neutral” rating and set a $104.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Alexandria Real Estate Equities has an average rating of “Hold” and a consensus price target of $116.00.

Alexandria Real Estate Equities Trading Down 5.0%

NYSE:ARE opened at $68.59 on Tuesday. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55. The business’s 50 day moving average is $80.86 and its two-hundred day moving average is $94.37. Alexandria Real Estate Equities has a 52 week low of $68.53 and a 52 week high of $130.14. The company has a market cap of $11.87 billion, a PE ratio of 38.11, a P/E/G ratio of 3.93 and a beta of 1.27.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.28 by $0.02. The business had revenue of $758.16 million for the quarter, compared to analysts’ expectations of $755.64 million. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. The business’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.35 EPS. On average, analysts predict that Alexandria Real Estate Equities will post 9.32 EPS for the current year.

Institutional Trading of Alexandria Real Estate Equities

Several hedge funds and other institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its holdings in shares of 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 worth $29,000 after acquiring an additional 109 shares in the last quarter. Callan Capital LLC boosted its holdings in shares of Alexandria Real Estate Equities by 1.3% in the 4th quarter. Callan Capital LLC now owns 8,946 shares of the real estate investment trust’s stock worth $873,000 after acquiring an additional 111 shares in the last quarter. Coldstream Capital Management Inc. boosted its holdings in shares of Alexandria Real Estate Equities by 6.0% in the 4th quarter. Coldstream Capital Management Inc. now owns 2,119 shares of the real estate investment trust’s stock worth $207,000 after acquiring an additional 120 shares in the last quarter. Wedbush Securities Inc. boosted its holdings in shares of Alexandria Real Estate Equities by 5.8% in the 4th quarter. Wedbush Securities Inc. now owns 2,300 shares of the real estate investment trust’s stock worth $224,000 after acquiring an additional 126 shares in the last quarter. Finally, M&T Bank Corp boosted its holdings in shares of Alexandria Real Estate Equities by 0.7% in the 4th quarter. M&T Bank Corp now owns 19,478 shares of the real estate investment trust’s stock worth $1,901,000 after acquiring an additional 127 shares in the last quarter. 96.54% of the stock is currently 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.