Alexandria Real Estate Equities (NYSE:ARE) Price Target Cut to $95.00 by Analysts at JPMorgan Chase & Co.

Alexandria Real Estate Equities (NYSE:ARE) had its target price reduced by analysts at JPMorgan Chase & Co. from $117.00 to $95.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 29.89% from the company’s previous close.

ARE has been the subject of several other reports. StockNews.com raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Thursday, April 3rd. Wedbush restated a “neutral” rating and set a $104.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. JMP Securities restated a “market outperform” rating and set a $130.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 30th. Finally, Jefferies Financial Group started coverage on shares of Alexandria Real Estate Equities in a research report on Monday, March 17th. They set a “hold” rating and a $100.00 price target on the stock. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $116.00.

Alexandria Real Estate Equities Stock Performance

Shares of ARE stock traded down $0.91 during mid-day trading on Tuesday, reaching $73.14. 160,220 shares of the company’s stock traded hands, compared to its average volume of 1,259,830. The firm has a 50 day moving average price of $81.96 and a two-hundred day moving average price of $94.70. The firm has a market capitalization of $12.65 billion, a PE ratio of 40.64, a price-to-earnings-growth ratio of 3.93 and a beta of 1.27. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.21 and a current ratio of 0.21. Alexandria Real Estate Equities has a 12 month low of $70.15 and a 12 month high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.28 by $0.02. The company had revenue of $758.16 million for the quarter, compared to analyst estimates of $755.64 million. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. Alexandria Real Estate Equities’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.35 EPS. On average, research analysts forecast that Alexandria Real Estate Equities will post 9.32 EPS for the current year.

Institutional Investors Weigh In On Alexandria Real Estate Equities

Hedge funds have recently made changes to their positions in the company. Proficio Capital Partners LLC purchased a new stake in shares of Alexandria Real Estate Equities in the fourth quarter worth approximately $29,000. EverSource Wealth Advisors LLC grew its stake in Alexandria Real Estate Equities by 57.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 109 shares in the last quarter. Colonial Trust Co SC lifted its holdings in shares of Alexandria Real Estate Equities by 514.3% during the 4th quarter. Colonial Trust Co SC now owns 301 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 252 shares during the last quarter. Tsfg LLC acquired a new stake in Alexandria Real Estate Equities in the first quarter valued at approximately $30,000. Finally, Avalon Trust Co acquired a new position in shares of Alexandria Real Estate Equities during the 1st quarter worth $32,000. Hedge funds and other 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.