Alexandria Real Estate Equities (NYSE:ARE) Stock Rating Lowered by Deutsche Bank Aktiengesellschaft

Alexandria Real Estate Equities (NYSE:ARE) was downgraded by Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research report issued on Friday, Marketbeat Ratings reports. They presently have a $112.00 target price on the real estate investment trust’s stock, down from their previous target price of $135.00. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 3.45% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on ARE. BMO Capital Markets upgraded Alexandria Real Estate Equities to a “hold” rating in a research note on Wednesday, September 25th. Royal Bank of Canada restated a “sector perform” rating and issued a $125.00 price target (down previously from $130.00) on shares of Alexandria Real Estate Equities in a research note on Thursday, October 24th. Bank of America lowered Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $151.00 to $126.00 in a report on Monday, July 29th. Citigroup lowered Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and lowered their price target for the company from $130.00 to $125.00 in a report on Friday, September 13th. Finally, Wedbush reduced their price objective on shares of Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Alexandria Real Estate Equities currently has an average rating of “Hold” and an average price target of $128.30.

Alexandria Real Estate Equities Price Performance

Shares of NYSE:ARE opened at $108.26 on Friday. The company has a market cap of $18.92 billion, a PE ratio of 66.01, a P/E/G ratio of 4.08 and a beta of 1.16. Alexandria Real Estate Equities has a fifty-two week low of $102.24 and a fifty-two week high of $135.45. The firm has a 50-day simple moving average of $117.50 and a 200 day simple moving average of $117.98. 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 posted its earnings results on Monday, October 21st. The real estate investment trust reported $0.96 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 firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period last year, the company posted $2.26 earnings per share. On average, sell-side analysts anticipate that Alexandria Real Estate Equities will post 9.47 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Empowered Funds LLC boosted its stake in shares of Alexandria Real Estate Equities by 27.0% during the 1st quarter. Empowered Funds LLC now owns 2,326 shares of the real estate investment trust’s stock worth $300,000 after acquiring an additional 494 shares in the last quarter. Bleakley Financial Group LLC boosted its position in shares of Alexandria Real Estate Equities by 7.2% in the 1st quarter. Bleakley Financial Group LLC now owns 1,758 shares of the real estate investment trust’s stock valued at $227,000 after purchasing an additional 118 shares during the period. Dorsey & Whitney Trust CO LLC increased its stake in Alexandria Real Estate Equities by 7.6% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 3,185 shares of the real estate investment trust’s stock worth $411,000 after purchasing an additional 226 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its holdings in Alexandria Real Estate Equities by 138.0% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 206,146 shares of the real estate investment trust’s stock worth $26,149,000 after buying an additional 119,541 shares during the period. Finally, Vanguard Group Inc. lifted its stake in 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 buying an additional 156,643 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.