Equities

StockNews.com Lowers Alexandria Real Estate Equities (NYSE:ARE) to Sell

Alexandria Real Estate Equities (NYSE:AREGet Rating) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Several other research firms also recently weighed in on ARE. Mizuho dropped their target price on shares of Alexandria Real Estate Equities from $219.00 to $172.00 and set a “buy” rating for the company in a report on Thursday, June 23rd. Credit Suisse Group initiated coverage on shares of Alexandria Real Estate Equities in a report on Wednesday, June 22nd. They set a “neutral” rating and a $140.00 target price for the company. Finally, JMP Securities dropped their target price on shares of Alexandria Real Estate Equities from $230.00 to $200.00 and set a “market outperform” rating for the company in a report on Wednesday, July 27th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $193.40.

Alexandria Real Estate Equities Stock Performance

Shares of ARE opened at $170.09 on Friday. The company has a 50-day simple moving average of $149.20 and a 200-day simple moving average of $173.41. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $27.75 billion, a PE ratio of 91.94, a P/E/G ratio of 2.57 and a beta of 0.92. Alexandria Real Estate Equities has a 52-week low of $130.00 and a 52-week high of $224.95.

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Alexandria Real Estate Equities (NYSE:AREGet Rating) last announced its quarterly earnings results on Monday, July 25th. The real estate investment trust reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $1.01. The business had revenue of $643.80 million during the quarter, compared to the consensus estimate of $633.13 million. Alexandria Real Estate Equities had a net margin of 12.54% and a return on equity of 1.93%. The business’s revenue was up 26.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.93 EPS. Equities research analysts predict that Alexandria Real Estate Equities will post 8.4 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Maria C. Freire sold 2,311 shares of the firm’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $163.04, for a total value of $376,785.44. Following the sale, the director now directly owns 3,000 shares of the company’s stock, valued at $489,120. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Alexandria Real Estate Equities news, General Counsel Jackie B. Clem sold 794 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $156.60, for a total transaction of $124,340.40. Following the transaction, the general counsel now directly owns 22,824 shares of the company’s stock, valued at $3,574,238.40. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Maria C. Freire sold 2,311 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $163.04, for a total transaction of $376,785.44. Following the transaction, the director now directly owns 3,000 shares in the company, valued at $489,120. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ARE. Vanguard Group Inc. raised its stake in shares of Alexandria Real Estate Equities by 4.7% during the first quarter. Vanguard Group Inc. now owns 24,897,323 shares of the real estate investment trust’s stock valued at $5,010,585,000 after purchasing an additional 1,114,118 shares during the period. BlackRock Inc. increased its stake in Alexandria Real Estate Equities by 1.5% during the first quarter. BlackRock Inc. now owns 15,139,838 shares of the real estate investment trust’s stock valued at $3,046,894,000 after purchasing an additional 226,651 shares during the last quarter. Norges Bank bought a new stake in Alexandria Real Estate Equities during the fourth quarter valued at $3,007,227,000. State Street Corp increased its stake in Alexandria Real Estate Equities by 13.6% during the first quarter. State Street Corp now owns 10,367,269 shares of the real estate investment trust’s stock valued at $2,097,960,000 after purchasing an additional 1,238,751 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in Alexandria Real Estate Equities by 16.6% during the second quarter. Principal Financial Group Inc. now owns 5,982,503 shares of the real estate investment trust’s stock valued at $867,648,000 after purchasing an additional 852,420 shares during the last quarter. 94.49% of the stock is owned by institutional investors and hedge funds.

About Alexandria Real Estate Equities

(Get Rating)

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> urban office real estate investment trust (“REIT”), is the first, longest-tenured, and pioneering owner, operator, and developer uniquely focused on collaborative life science, technology, and agtech campuses in AAA innovation cluster locations, with a total market capitalization of $31.9 billion as of December 31, 2020, and an asset base in North America of 49.7 million square feet (“SF”).

Further Reading

Analyst Recommendations for Alexandria Real Estate Equities (NYSE:ARE)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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