Alexandria Real Estate Equities (NYSE:ARE) Cut to “Hold” at Deutsche Bank Aktiengesellschaft

Alexandria Real Estate Equities (NYSE:ARE) was downgraded by investment analysts at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report released on Friday, MarketBeat Ratings reports. They currently have a $112.00 price target on the real estate investment trust’s stock, down from their prior price target of $135.00. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 3.45% from the stock’s current price.

ARE has been the subject of several other reports. Bank of America downgraded shares of 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 cut shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and cut their target price for the company from $130.00 to $125.00 in a research note on Friday, September 13th. Wedbush dropped their price objective on shares of Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Jefferies Financial Group cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their target price for the company from $136.00 to $127.00 in a research note on Friday, August 2nd. Finally, JMP Securities restated a “market outperform” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a research note on Tuesday, July 23rd. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $128.30.

Alexandria Real Estate Equities Trading Down 0.7 %

NYSE:ARE opened at $108.26 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.20 and a current ratio of 0.20. The company has a market capitalization of $18.92 billion, a P/E ratio of 66.01, a P/E/G ratio of 4.08 and a beta of 1.16. Alexandria Real Estate Equities has a 52 week low of $102.24 and a 52 week high of $135.45. The stock’s 50 day moving average price is $117.50 and its 200 day moving average price is $117.98.

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

Hedge Funds Weigh In On Alexandria Real Estate Equities

Institutional investors have recently modified their holdings of the stock. Catalyst Capital Advisors LLC acquired a new stake in shares of Alexandria Real Estate Equities in the 3rd quarter valued at $25,000. Ashton Thomas Securities LLC bought a new position in shares of Alexandria Real Estate Equities in the 3rd quarter valued at about $30,000. UMB Bank n.a. grew its position in shares of Alexandria Real Estate Equities by 132.8% during the 2nd quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 154 shares during the period. Rothschild Investment LLC acquired a new position in Alexandria Real Estate Equities in the second quarter valued at approximately $33,000. Finally, Venturi Wealth Management LLC lifted its holdings in Alexandria Real Estate Equities by 144.0% in the third quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 180 shares during the period. 96.54% of the stock is owned by institutional investors.

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.