Alexandria Real Estate Equities (NYSE:ARE) Lowered to “Hold” at Jefferies Financial Group

Jefferies Financial Group downgraded shares of Alexandria Real Estate Equities (NYSE:ARE) from a buy rating to a hold rating in a research report report published on Friday, MarketBeat.com reports. They currently have $127.00 target price on the real estate investment trust’s stock, down from their prior target price of $136.00.

ARE has been the topic of a number of other research reports. Bank of America lowered Alexandria Real Estate Equities from a buy rating to a neutral rating and dropped their target price for the company from $151.00 to $126.00 in a report on Monday, July 29th. Evercore ISI lowered shares of Alexandria Real Estate Equities from an outperform rating to an inline rating and lowered their price target for the company from $133.00 to $126.00 in a research report on Thursday, July 25th. JMP Securities reiterated a market outperform rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a research report on Tuesday, July 23rd. Finally, Wedbush downgraded Alexandria Real Estate Equities from an outperform rating to a neutral rating and dropped their price target for the company from $140.00 to $130.00 in a research report on Wednesday, July 24th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of Hold and an average target price of $131.22.

Alexandria Real Estate Equities Stock Performance

Shares of ARE stock opened at $112.16 on Friday. The stock’s fifty day simple moving average is $118.13 and its 200-day simple moving average is $120.51. The company has a market capitalization of $19.62 billion, a price-to-earnings ratio of 104.82, a P/E/G ratio of 4.00 and a beta of 1.15. Alexandria Real Estate Equities has a 1-year low of $90.73 and a 1-year high of $135.45. 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 (NYSE:ARE) last issued its earnings results on Monday, July 22nd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $766.70 million during the quarter, compared to analyst estimates of $775.03 million. During the same period in the previous year, the company posted $2.24 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis. On average, sell-side analysts predict that Alexandria Real Estate Equities will post 9.48 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.64%. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. The ex-dividend date of this dividend was Friday, June 28th. Alexandria Real Estate Equities’s payout ratio is 485.99%.

Insider Activity at Alexandria Real Estate Equities

In other news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $4.21, for a total value 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 $25,281,374.17. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.15% of the stock is owned by insiders.

Institutional Trading of Alexandria Real Estate Equities

A number of hedge funds and other institutional investors have recently made changes to their positions in ARE. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Alexandria Real Estate Equities by 14.1% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 281,833 shares of the real estate investment trust’s stock valued at $36,331,000 after purchasing an additional 34,854 shares during the last quarter. Mutual of America Capital Management LLC increased its stake in shares of Alexandria Real Estate Equities by 24.7% in the fourth quarter. Mutual of America Capital Management LLC now owns 43,196 shares of the real estate investment trust’s stock valued at $5,476,000 after buying an additional 8,555 shares during the period. Hsbc Holdings PLC lifted its stake in shares of Alexandria Real Estate Equities by 18.3% in the 4th quarter. Hsbc Holdings PLC now owns 545,069 shares of the real estate investment trust’s stock valued at $69,245,000 after purchasing an additional 84,479 shares during the period. CANADA LIFE ASSURANCE Co raised its stake in Alexandria Real Estate Equities by 2.9% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 321,624 shares of the real estate investment trust’s stock worth $41,482,000 after buying an additional 9,187 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Alexandria Real Estate Equities by 19.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 161,070 shares of the real estate investment trust’s stock valued at $20,419,000 after buying an additional 25,955 shares during the last quarter. 96.54% of the stock is currently 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.