Alexandria Real Estate Equities, Inc. (NYSE:ARE) Receives $126.73 Consensus Target Price from Analysts

Alexandria Real Estate Equities, Inc. (NYSE:ARE) has been given an average recommendation of “Hold” by the twelve ratings firms that are presently covering the firm, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $125.82.

Several analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and cut their target price for the company from $135.00 to $112.00 in a research note on Friday, November 15th. Citigroup lowered 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. JPMorgan Chase & Co. downgraded shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $133.00 to $121.00 in a research report on Wednesday, November 27th. Wedbush restated an “outperform” rating and set a $110.00 price objective (down from $120.00) on shares of Alexandria Real Estate Equities in a research report on Friday. Finally, BMO Capital Markets raised shares of Alexandria Real Estate Equities to a “hold” rating in a research note on Wednesday, September 25th.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC acquired a new position in Alexandria Real Estate Equities during the 3rd quarter worth $25,000. Ashton Thomas Securities LLC acquired a new stake in Alexandria Real Estate Equities in the 3rd quarter valued at approximately $30,000. UMB Bank n.a. increased its position in Alexandria Real Estate Equities by 132.8% in 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 during the 2nd quarter valued at $33,000. Finally, Venturi Wealth Management LLC grew its position in Alexandria Real Estate Equities by 144.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 180 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Price Performance

Shares of NYSE ARE opened at $103.80 on Friday. The firm’s 50-day simple moving average is $113.06 and its 200 day simple moving average is $116.59. The stock has a market cap of $18.14 billion, a P/E ratio of 63.29, a P/E/G ratio of 4.05 and a beta of 1.14. 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 fifty-two week low of $102.89 and a fifty-two week high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data 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). Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The company had revenue of $791.60 million during the quarter, compared to the consensus estimate of $766.97 million. During the same quarter last year, the business earned $2.26 earnings per share. The company’s revenue was up 10.9% on a year-over-year basis. Equities analysts expect that Alexandria Real Estate Equities will post 9.47 EPS for the current year.

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.