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

Posted by on May 3rd, 2023

Alexandria Real Estate Equities (NYSE:ARE – Get Rating) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

Several other equities analysts have also recently weighed in on ARE. JPMorgan Chase & Co. raised their price target on Alexandria Real Estate Equities from $176.00 to $177.00 and gave the company an “overweight” rating in a report on Thursday, February 2nd. JMP Securities restated a “buy” rating and issued a $180.00 price target on shares of Alexandria Real Estate Equities in a research report on Tuesday, January 31st. Robert W. Baird increased their price objective on shares of Alexandria Real Estate Equities from $162.00 to $174.00 and gave the company an “outperform” rating in a research report on Thursday, February 2nd. Mizuho reduced their target price on shares of Alexandria Real Estate Equities from $180.00 to $145.00 in a report on Monday, April 24th. Finally, Evercore ISI lowered their price target on shares of Alexandria Real Estate Equities from $155.00 to $144.00 and set an “outperform” rating for the company in a report on Monday, March 27th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $168.25.

Alexandria Real Estate Equities Trading Down 1.9 %

Shares of ARE opened at $119.55 on Wednesday. The firm has a market cap of $20.68 billion, a P/E ratio of 26.39, a price-to-earnings-growth ratio of 1.78 and a beta of 0.93. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.53 and a quick ratio of 0.35. Alexandria Real Estate Equities has a 1 year low of $114.94 and a 1 year high of $184.68. The company has a 50 day simple moving average of $128.49 and a two-hundred day simple moving average of $143.03.

Alexandria Real Estate Equities (NYSE:ARE – Get Rating) last posted its earnings results on Tuesday, April 25th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing the consensus estimate of $2.15 by ($1.71). The company had revenue of $700.80 million for the quarter, compared to analysts’ expectations of $686.70 million. Alexandria Real Estate Equities had a net margin of 28.01% and a return on equity of 3.77%. The business’s revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the business posted $2.05 earnings per share. On average, equities analysts expect that Alexandria Real Estate Equities will post 8.95 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Chairman Joel S. Marcus sold 9,000 shares of the company’s stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $168.00, for a total value of $1,512,000.00. Following the transaction, the chairman now directly owns 388,729 shares in the company, valued at $65,306,472. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus sold 9,000 shares of Alexandria Real Estate Equities stock in a transaction on Tuesday, February 7th. The stock was sold at an average price of $168.00, for a total transaction of $1,512,000.00. Following the completion of the sale, the chairman now directly owns 388,729 shares of the company’s stock, valued at approximately $65,306,472. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Marc E. Binda sold 3,298 shares of the company’s stock in a transaction dated Monday, February 6th. The stock was sold at an average price of $167.21, for a total transaction of $551,458.58. Following the completion of the sale, the executive vice president now directly owns 67,005 shares of the company’s stock, valued at $11,203,906.05. The disclosure for this sale can be found here. Insiders have sold a total of 16,101 shares of company stock worth $2,700,271 over the last quarter. Company insiders own 1.60% of the company’s stock.

Institutional Trading of Alexandria Real Estate Equities

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Alexandria Real Estate Equities by 8.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 4,377 shares of the real estate investment trust’s stock valued at $881,000 after buying an additional 348 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Alexandria Real Estate Equities by 242.4% in the 1st quarter. American Century Companies Inc. now owns 4,499 shares of the real estate investment trust’s stock worth $906,000 after purchasing an additional 3,185 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in Alexandria Real Estate Equities by 14.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,753 shares of the real estate investment trust’s stock worth $957,000 after buying an additional 598 shares during the last quarter. HighTower Advisors LLC raised its stake in Alexandria Real Estate Equities by 11.7% in the first quarter. HighTower Advisors LLC now owns 5,903 shares of the real estate investment trust’s stock valued at $1,187,000 after buying an additional 620 shares during the last quarter. Finally, Cetera Advisor Networks LLC boosted its holdings in Alexandria Real Estate Equities by 7.3% in the first quarter. Cetera Advisor Networks LLC now owns 1,086 shares of the real estate investment trust’s stock worth $219,000 after acquiring an additional 74 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

About Alexandria Real Estate Equities

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Alexandria Real Estate Equities, Inc engages in the business of providing space for lease. The firm is also an owner, operator, and developer of life science, agrotechnology, and technology campuses in Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.

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

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