Deutsche Bank Aktiengesellschaft Downgrades Alexandria Real Estate Equities (NYSE:ARE) to Hold

Deutsche Bank Aktiengesellschaft cut shares of Alexandria Real Estate Equities (NYSE:ARE) from a buy rating to a hold rating in a research note released on Friday, MarketBeat.com reports. The firm currently has $112.00 target price on the real estate investment trust’s stock, down from their previous target price of $135.00.

Other equities analysts have also issued reports about the company. Bank of America lowered Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and cut their target price for the company from $151.00 to $126.00 in a research report on Monday, July 29th. JMP Securities reaffirmed a “market outperform” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a research report on Tuesday, July 23rd. Jefferies Financial Group lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and dropped their price target for the company from $136.00 to $127.00 in a research report on Friday, August 2nd. Wedbush dropped their price target on Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $125.00 price target (down from $130.00) on shares of Alexandria Real Estate Equities in a research report on Thursday, October 24th. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $127.30.

Alexandria Real Estate Equities Stock Down 2.5 %

Shares of ARE traded down $2.69 during trading on Friday, reaching $105.58. The company’s stock had a trading volume of 1,257,878 shares, compared to its average volume of 992,813. The company has a fifty day moving average of $117.10 and a two-hundred day moving average of $117.82. Alexandria Real Estate Equities has a twelve month low of $102.24 and a twelve month high of $135.45. The company has a market cap of $18.45 billion, a price-to-earnings ratio of 64.36, a P/E/G ratio of 4.08 and a beta of 1.16. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.56.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.38 by ($1.42). Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The business had revenue of $791.60 million during the quarter, compared to analyst estimates of $766.97 million. During the same period in the previous year, the company earned $2.26 earnings per share. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. On average, sell-side analysts predict that Alexandria Real Estate Equities will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 4.93%. The ex-dividend date of this dividend was Monday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio is presently 317.07%.

Institutional Investors Weigh In On Alexandria Real Estate Equities

Several large investors have recently added to or reduced their stakes in ARE. Pathway Financial Advisers LLC increased its position in Alexandria Real Estate Equities by 11,449.8% in the third quarter. Pathway Financial Advisers LLC now owns 1,423,630 shares of the real estate investment trust’s stock worth $169,056,000 after buying an additional 1,411,304 shares during the period. National Bank of Canada FI increased its position in Alexandria Real Estate Equities by 350.0% in the third quarter. National Bank of Canada FI now owns 341,357 shares of the real estate investment trust’s stock worth $40,536,000 after buying an additional 265,508 shares during the period. Raymond James & Associates increased its position in Alexandria Real Estate Equities by 501.1% in the third quarter. Raymond James & Associates now owns 290,857 shares of the real estate investment trust’s stock worth $34,539,000 after buying an additional 242,466 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Alexandria Real Estate Equities by 114.9% in the third quarter. BNP Paribas Financial Markets now owns 435,416 shares of the real estate investment trust’s stock worth $51,706,000 after purchasing an additional 232,817 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Alexandria Real Estate Equities by 0.6% during the first quarter. Vanguard Group Inc. now owns 26,784,689 shares of the real estate investment trust’s stock valued at $3,452,814,000 after purchasing an additional 156,643 shares during the period. 96.54% of the stock is owned by institutional investors and hedge funds.

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.