Alexandria Real Estate Equities (NYSE:ARE) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

According to Zacks, “Shares of Alexandria have outperformed the industry, in the past year. Further, the Zacks Consensus Estimate for fourth-quarter 2017 funds from operations (FFO) per share remained unchanged in a month’s time. The fundamentals of the life science industry remain strong and the company’s solid portfolio, consisting of Class A properties in upscale locations, enjoys high demand. This enables the company to enjoy high occupancy and generate steady rental revenues from its properties. Moreover, ushering in good news for shareholders, on Dec 4, 2017, the company announced a 5% sequential hike in quarterly cash dividend, reflecting robust cash flow and solid balance sheet. However, sale of non-core assets is anticipated to have a dilutive impact on earnings. Further rate hike add to its woes.”

A number of other equities analysts have also weighed in on the company. Bank of America upgraded Alexandria Real Estate Equities from a “neutral” rating to a “buy” rating and set a $133.00 price target for the company in a research report on Monday, December 4th. Canaccord Genuity restated a “buy” rating and set a $20.37 price objective on shares of Alexandria Real Estate Equities in a research report on Monday, December 11th. Royal Bank of Canada restated a “hold” rating on shares of Alexandria Real Estate Equities in a research report on Monday, October 23rd. National Bank Financial lowered Alexandria Real Estate Equities from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $20.00 to $18.00 in a research report on Monday, October 23rd. Finally, Mizuho restated a “buy” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, November 1st. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Alexandria Real Estate Equities has an average rating of “Buy” and an average target price of $99.91.

Alexandria Real Estate Equities (NYSE:ARE) traded down $0.18 during trading hours on Friday, hitting $125.10. The company had a trading volume of 840,100 shares, compared to its average volume of 1,064,725. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.21 and a quick ratio of 0.21. Alexandria Real Estate Equities has a fifty-two week low of $106.89 and a fifty-two week high of $134.37. The firm has a market cap of $11,970.00, a price-to-earnings ratio of 142.16 and a beta of 0.84.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.51 by ($0.96). Alexandria Real Estate Equities had a net margin of 13.21% and a return on equity of 3.69%. The company had revenue of $285.60 million during the quarter, compared to analyst estimates of $286.11 million. During the same quarter last year, the business earned $1.39 EPS. The company’s revenue for the quarter was up 24.0% compared to the same quarter last year. analysts anticipate that Alexandria Real Estate Equities will post 6.02 EPS for the current year.

In other news, CEO Joel S. Marcus sold 27,500 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $129.60, for a total transaction of $3,564,000.00. Following the completion of the sale, the chief executive officer now directly owns 623,936 shares of the company’s stock, valued at approximately $80,862,105.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Peter M. Moglia sold 1,750 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $130.00, for a total value of $227,500.00. Following the sale, the insider now directly owns 115,117 shares of the company’s stock, valued at $14,965,210. The disclosure for this sale can be found here. Insiders have sold a total of 62,250 shares of company stock valued at $7,986,230 over the last 90 days. Corporate insiders own 1.51% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Simplex Trading LLC purchased a new stake in shares of Alexandria Real Estate Equities during the 4th quarter worth about $244,000. DnB Asset Management AS purchased a new stake in shares of Alexandria Real Estate Equities during the 4th quarter worth about $1,569,000. New Mexico Educational Retirement Board raised its stake in shares of Alexandria Real Estate Equities by 1.9% during the 3rd quarter. New Mexico Educational Retirement Board now owns 21,469 shares of the real estate investment trust’s stock worth $2,554,000 after purchasing an additional 400 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Alexandria Real Estate Equities by 26.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 177,013 shares of the real estate investment trust’s stock worth $21,059,000 after purchasing an additional 37,515 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of Alexandria Real Estate Equities in the 3rd quarter valued at approximately $799,000.

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Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc is a real estate investment (REIT). The Company is engaged in the business of providing space for lease to the life science and technology industries. It focuses on collaborative life science and technology campuses. It develops urban cluster campuses and ecosystems.

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