Alexandria Real Estate Equities (NYSE:ARE) Reaches New 1-Year Low on Analyst Downgrade

Alexandria Real Estate Equities, Inc. (NYSE:ARE) hit a new 52-week low during mid-day trading on Wednesday after BNP Paribas Exane lowered their price target on the stock from $82.00 to $72.00. BNP Paribas Exane currently has an underperform rating on the stock. Alexandria Real Estate Equities traded as low as $62.56 and last traded at $63.0060, with a volume of 12263244 shares. The stock had previously closed at $77.87.

A number of other research firms also recently commented on ARE. Weiss Ratings restated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research report on Wednesday, October 8th. BNP Paribas lowered shares of Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating and set a $82.00 price objective on the stock. in a research note on Wednesday, October 1st. Jefferies Financial Group assumed coverage on Alexandria Real Estate Equities in a report on Monday, October 6th. They set a “hold” rating and a $80.00 target price on the stock. Evercore ISI raised Alexandria Real Estate Equities from an “in-line” rating to an “outperform” rating and increased their price target for the company from $91.00 to $104.00 in a research note on Monday, September 15th. Finally, Cantor Fitzgerald lowered their price target on Alexandria Real Estate Equities from $88.00 to $79.00 and set a “neutral” rating on the stock in a research report on Monday, October 13th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Alexandria Real Estate Equities currently has a consensus rating of “Hold” and an average price target of $95.00.

Institutional Investors Weigh In On Alexandria Real Estate Equities

A number of institutional investors and hedge funds have recently modified their holdings of ARE. Vert Asset Management LLC boosted its stake in shares of Alexandria Real Estate Equities by 3.7% during the 3rd quarter. Vert Asset Management LLC now owns 70,266 shares of the real estate investment trust’s stock worth $5,856,000 after acquiring an additional 2,519 shares in the last quarter. Sage Mountain Advisors LLC purchased a new stake in shares of Alexandria Real Estate Equities during the third quarter valued at $212,000. Jackson Thornton Wealth Management LLC acquired a new position in shares of Alexandria Real Estate Equities in the 3rd quarter valued at $267,000. Inscription Capital LLC purchased a new position in Alexandria Real Estate Equities in the 3rd quarter worth about $307,000. Finally, Arkadios Wealth Advisors increased its stake in Alexandria Real Estate Equities by 46.6% in the 3rd quarter. Arkadios Wealth Advisors now owns 8,408 shares of the real estate investment trust’s stock worth $701,000 after purchasing an additional 2,672 shares in the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Trading Down 6.2%

The company has a current ratio of 0.24, a quick ratio of 0.23 and a debt-to-equity ratio of 0.65. The stock has a market cap of $10.20 billion, a price-to-earnings ratio of -23.91, a P/E/G ratio of 5.42 and a beta of 1.31. The company has a fifty day simple moving average of $80.41 and a 200-day simple moving average of $76.69.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, October 27th. The real estate investment trust reported $2.22 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.09). Alexandria Real Estate Equities had a negative return on equity of 1.89% and a negative net margin of 13.43%.The firm had revenue of $751.94 million during the quarter, compared to analyst estimates of $752.90 million. During the same quarter in the previous year, the business earned $2.37 earnings per share. The business’s quarterly revenue was down 5.0% compared to the same quarter last year. Alexandria Real Estate Equities has set its FY 2025 guidance at 8.980-9.040 EPS. On average, research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 8.9%. The ex-dividend date of this dividend was Tuesday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is -4,061.54%.

Alexandria Real Estate Equities Company Profile

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.