Alexandria Real Estate Equities (NYSE:ARE) Lowered to “Neutral” Rating by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of Alexandria Real Estate Equities (NYSE:ARE) from an overweight rating to a neutral rating in a research report released on Wednesday, Marketbeat reports. The firm currently has $121.00 price objective on the real estate investment trust’s stock, down from their prior price objective of $133.00.

Other equities research analysts also recently issued research reports about the company. JMP Securities cut their price objective on Alexandria Real Estate Equities from $140.00 to $130.00 and set a “market outperform” rating on the stock in a report on Friday, November 15th. Deutsche Bank Aktiengesellschaft cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their price target for the stock from $135.00 to $112.00 in a report on Friday, November 15th. BMO Capital Markets upgraded shares of Alexandria Real Estate Equities to a “hold” rating in a report on Wednesday, September 25th. Evercore ISI cut their target price on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 23rd. Finally, Citigroup cut shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and decreased their price target for the company from $130.00 to $125.00 in a research report on Friday, September 13th. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $126.73.

Alexandria Real Estate Equities Stock Performance

Alexandria Real Estate Equities stock opened at $110.17 on Wednesday. The stock has a market cap of $19.25 billion, a PE ratio of 67.18, a P/E/G ratio of 4.14 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 has a 12-month low of $102.89 and a 12-month high of $135.45. The business’s 50-day moving average price is $114.35 and its two-hundred day moving average price is $117.07.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.38 by ($1.42). The company had revenue of $791.60 million for the quarter, compared to the consensus estimate of $766.97 million. Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period last year, the firm posted $2.26 earnings per share. As a group, analysts expect that Alexandria Real Estate Equities will post 9.47 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $1.30 per share. The ex-dividend date was Monday, September 30th. This represents a $5.20 dividend on an annualized basis and a yield of 4.72%. Alexandria Real Estate Equities’s payout ratio is currently 317.07%.

Institutional Investors Weigh In On Alexandria Real Estate Equities

Several large investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System increased its stake in shares of Alexandria Real Estate Equities by 0.5% in the 1st quarter. California State Teachers Retirement System now owns 259,983 shares of the real estate investment trust’s stock valued at $33,514,000 after acquiring an additional 1,253 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of Alexandria Real Estate Equities by 66.2% during the first quarter. Tidal Investments LLC now owns 7,801 shares of the real estate investment trust’s stock valued at $1,006,000 after purchasing an additional 3,107 shares during the period. LBP AM SA boosted its position in shares of Alexandria Real Estate Equities by 136.4% during the 1st quarter. LBP AM SA now owns 9,899 shares of the real estate investment trust’s stock worth $1,276,000 after purchasing an additional 5,711 shares in the last quarter. Wahed Invest LLC grew its stake in shares of Alexandria Real Estate Equities by 14.8% in the 1st quarter. Wahed Invest LLC now owns 3,357 shares of the real estate investment trust’s stock valued at $433,000 after buying an additional 432 shares during the period. Finally, Virtu Financial LLC increased its position in Alexandria Real Estate Equities by 5.6% in the 1st quarter. Virtu Financial LLC now owns 4,352 shares of the real estate investment trust’s stock valued at $561,000 after buying an additional 231 shares in the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

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.