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

Alexandria Real Estate Equities (NYSE:ARE) was downgraded by analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research note issued on Friday, Briefing.com reports. They presently have a $127.00 price objective on the real estate investment trust’s stock, down from their prior price objective of $136.00. Jefferies Financial Group’s price target would indicate a potential upside of 10.42% from the stock’s current price.

Several other research analysts have also issued reports on ARE. Evercore ISI lowered Alexandria Real Estate Equities from an “outperform” rating to an “inline” rating and reduced their target price for the company from $133.00 to $126.00 in a research report on Thursday, July 25th. Wedbush cut shares of Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $140.00 to $130.00 in a report on Wednesday, July 24th. Bank of America downgraded Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and decreased their price target for the company from $151.00 to $126.00 in a report on Monday. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a 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. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $132.11.

Alexandria Real Estate Equities Stock Performance

Shares of NYSE:ARE opened at $115.02 on Friday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.55. Alexandria Real Estate Equities has a 12 month low of $90.73 and a 12 month high of $135.45. The company has a market capitalization of $20.12 billion, a price-to-earnings ratio of 107.50, a PEG ratio of 4.14 and a beta of 1.15. The firm’s 50-day moving average is $118.23 and its 200 day moving average is $120.66.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $775.03 million. During the same quarter in the previous year, the business earned $2.24 earnings per share. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. Research analysts predict that Alexandria Real Estate Equities will post 9.48 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $4.21, for a total transaction of $631,500.00. Following the completion of the sale, the insider now owns 6,005,077 shares of the company’s stock, valued at approximately $25,281,374.17. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.15% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Alexandria Real Estate Equities

A number of hedge funds have recently modified their holdings of the business. Oakworth Capital Inc. purchased a new position in Alexandria Real Estate Equities in the 4th quarter valued at approximately $25,000. Capital Advisors Ltd. LLC purchased a new position in Alexandria Real Estate Equities in the fourth quarter valued at $25,000. HHM Wealth Advisors LLC grew its stake in Alexandria Real Estate Equities by 340.9% during the 4th quarter. HHM Wealth Advisors LLC now owns 194 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 150 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Alexandria Real Estate Equities by 275.8% during the 4th 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 period. Finally, Mather Group LLC. acquired a new stake in Alexandria Real Estate Equities in the 1st quarter valued at about $30,000. 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.