Alexandria Real Estate Equities (NYSE:ARE) Earns Hold Rating from Analysts at Jefferies Financial Group

Jefferies Financial Group started coverage on shares of Alexandria Real Estate Equities (NYSE:ARE) in a report released on Monday. The firm set a “hold” rating and a $100.00 price target on the real estate investment trust’s stock. Jefferies Financial Group’s price target would suggest a potential upside of 0.70% from the stock’s current price.

A number of other equities research analysts have also commented on ARE. Royal Bank of Canada dropped their price target on Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating on the stock in a research report on Tuesday, December 17th. JMP Securities reissued a “market outperform” rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. JPMorgan Chase & Co. cut shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $133.00 to $121.00 in a research report on Wednesday, November 27th. StockNews.com raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Finally, Wedbush restated a “neutral” rating and issued a $104.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $118.60.

Alexandria Real Estate Equities Stock Up 2.7 %

NYSE:ARE opened at $99.30 on Monday. The firm has a market capitalization of $17.19 billion, a P/E ratio of 55.17, a P/E/G ratio of 3.93 and a beta of 1.17. The stock’s fifty day simple moving average is $98.24 and its 200-day simple moving average is $107.13. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55. Alexandria Real Estate Equities has a 12-month low of $93.25 and a 12-month high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, January 27th. The real estate investment trust reported $2.39 EPS for the quarter, beating the consensus estimate of $0.91 by $1.48. Alexandria Real Estate Equities had a net margin of 10.36% and a return on equity of 1.43%. Equities research analysts expect that Alexandria Real Estate Equities will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities declared that its Board of Directors has approved a stock repurchase plan on Monday, December 9th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the real estate investment trust to purchase up to 2.7% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Hedge funds and other institutional investors have recently made changes to their positions in the business. Copley Financial Group Inc. grew its stake in Alexandria Real Estate Equities by 21.3% in the fourth quarter. Copley Financial Group Inc. now owns 4,293 shares of the real estate investment trust’s stock worth $419,000 after purchasing an additional 753 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Alexandria Real Estate Equities during the 4th quarter valued at $8,608,000. Jefferies Financial Group Inc. grew its position in shares of Alexandria Real Estate Equities by 4.5% in the 4th quarter. Jefferies Financial Group Inc. now owns 5,380 shares of the real estate investment trust’s stock worth $525,000 after buying an additional 234 shares during the period. Toronto Dominion Bank lifted its holdings in shares of Alexandria Real Estate Equities by 8.0% during the fourth quarter. Toronto Dominion Bank now owns 83,423 shares of the real estate investment trust’s stock valued at $8,138,000 after purchasing an additional 6,166 shares during the last quarter. Finally, GF Fund Management CO. LTD. bought a new stake in shares of Alexandria Real Estate Equities in the 4th quarter worth approximately $279,000. Institutional investors own 96.54% of the company’s stock.

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.