JMP Securities Has Lowered Expectations for Alexandria Real Estate Equities (NYSE:ARE) Stock Price

Alexandria Real Estate Equities (NYSE:ARE) had its price target trimmed by JMP Securities from $140.00 to $130.00 in a research note published on Friday,Benzinga reports. The firm currently has a market outperform rating on the real estate investment trust’s stock.

A number of other equities research analysts have also recently commented on the stock. Bank of America cut shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and reduced their target price for the company from $151.00 to $126.00 in a research report on Monday, July 29th. Wedbush reduced their target price on shares of Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Robert W. Baird reduced their target price on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. BMO Capital Markets raised shares of Alexandria Real Estate Equities to a “hold” rating in a report on Wednesday, September 25th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $125.00 price objective (down previously from $130.00) on shares of Alexandria Real Estate Equities in a report on Thursday, October 24th. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Alexandria Real Estate Equities presently has a consensus rating of “Hold” and an average price target of $127.30.

Alexandria Real Estate Equities Price Performance

NYSE:ARE traded down $2.69 during trading hours on Friday, reaching $105.58. 1,257,878 shares of the company were exchanged, compared to its average volume of 992,813. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.56. The stock’s 50-day moving average is $117.10 and its 200-day moving average is $117.82. The firm has a market cap of $18.45 billion, a PE ratio of 64.36, a price-to-earnings-growth ratio of 4.08 and a beta of 1.16. Alexandria Real Estate Equities has a twelve month low of $102.24 and a twelve month high of $135.45.

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

Alexandria Real Estate Equities Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. CANADA LIFE ASSURANCE Co raised its holdings in Alexandria Real Estate Equities by 2.9% in the first quarter. CANADA LIFE ASSURANCE Co now owns 321,624 shares of the real estate investment trust’s stock valued at $41,482,000 after acquiring an additional 9,187 shares in the last quarter. Vanguard Group Inc. raised its holdings in Alexandria Real Estate Equities by 0.6% in 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 acquiring an additional 156,643 shares in the last quarter. BDF Gestion acquired a new stake in Alexandria Real Estate Equities in the second quarter valued at approximately $2,560,000. Kingswood Wealth Advisors LLC raised its holdings in Alexandria Real Estate Equities by 99.2% in the second quarter. Kingswood Wealth Advisors LLC now owns 9,660 shares of the real estate investment trust’s stock valued at $1,130,000 after acquiring an additional 4,811 shares in the last quarter. Finally, Pathway Financial Advisers LLC raised its holdings 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 valued at $169,056,000 after acquiring an additional 1,411,304 shares in the last quarter. Hedge funds and other institutional investors 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.