Alexandria Real Estate Equities (NYSE:ARE) Cut to “Hold” at Jefferies Financial Group

Jefferies Financial Group lowered shares of Alexandria Real Estate Equities (NYSE:ARE) from a buy rating to a hold rating in a report published on Friday, MarketBeat Ratings reports. The firm currently has $127.00 price target on the real estate investment trust’s stock, down from their previous price target of $136.00.

ARE has been the subject of a number of other research reports. Wedbush lowered shares of Alexandria Real Estate Equities from an outperform rating to a neutral rating and cut their target price for the stock from $140.00 to $130.00 in a research report on Wednesday, July 24th. Bank of America lowered shares of Alexandria Real Estate Equities from a buy rating to a neutral rating and cut their target price for the stock from $151.00 to $126.00 in a research report on Monday, July 29th. Evercore ISI lowered shares of Alexandria Real Estate Equities from an outperform rating to an inline rating and cut their target price for the stock from $133.00 to $126.00 in a research report on Thursday, July 25th. 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 report on Tuesday, July 23rd. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $132.11.

Alexandria Real Estate Equities Price Performance

ARE opened at $113.36 on Friday. The firm has a market cap of $19.83 billion, a P/E ratio of 105.94, a PEG ratio of 4.00 and a beta of 1.15. The firm has a 50-day moving average of $118.13 and a 200 day moving average of $120.51. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.23 and a current ratio of 0.23. Alexandria Real Estate Equities has a fifty-two week low of $90.73 and a fifty-two week high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the consensus estimate of $2.34 by ($2.09). The company had revenue of $766.70 million for the quarter, compared to the consensus estimate of $775.03 million. Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. Alexandria Real Estate Equities’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.24 EPS. On average, research analysts expect that Alexandria Real Estate Equities will post 9.48 EPS for the current year.

Alexandria Real Estate Equities Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a $1.30 dividend. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. This represents a $5.20 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date of this dividend was Friday, June 28th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 485.99%.

Insider Activity at Alexandria Real Estate Equities

In related news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $4.21, for a total value of $631,500.00. Following the sale, the insider now directly owns 6,005,077 shares of the company’s stock, valued at $25,281,374.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.15% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. HHM Wealth Advisors LLC raised its stake in shares of Alexandria Real Estate Equities by 340.9% during the fourth quarter. HHM Wealth Advisors LLC now owns 194 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 150 shares in the last quarter. Oakworth Capital Inc. purchased a new position in shares of Alexandria Real Estate Equities during the fourth quarter worth approximately $25,000. Capital Advisors Ltd. LLC bought a new position in shares of Alexandria Real Estate Equities in the fourth quarter worth approximately $25,000. EverSource Wealth Advisors LLC grew its holdings in shares of Alexandria Real Estate Equities by 275.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 233 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 171 shares during the last quarter. Finally, Mather Group LLC. bought a new position in shares of Alexandria Real Estate Equities in the first quarter worth approximately $30,000. 96.54% of the stock is 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.