Alexandria Real Estate Equities, Inc. (NYSE:ARE) Receives $98.38 Average Target Price from Analysts

Alexandria Real Estate Equities, Inc. (NYSE:ARE) has been given a consensus rating of “Hold” by the twelve research firms that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $96.60.

Several brokerages recently commented on ARE. Cantor Fitzgerald set a $88.00 target price on Alexandria Real Estate Equities and gave the stock a “neutral” rating in a report on Wednesday. BNP Paribas Exane reiterated an “underperform” rating on shares of Alexandria Real Estate Equities in a research report on Wednesday. Baird R W cut their price objective on Alexandria Real Estate Equities from $129.00 to $102.00 in a report on Thursday, June 12th. BNP Paribas cut Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating and set a $82.00 target price for the company. in a research note on Wednesday. Finally, Royal Bank Of Canada lowered their target price on Alexandria Real Estate Equities from $100.00 to $98.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 29th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its position in shares of Alexandria Real Estate Equities by 197.8% during the 3rd quarter. GAMMA Investing LLC now owns 2,213 shares of the real estate investment trust’s stock valued at $184,000 after acquiring an additional 1,470 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in shares of Alexandria Real Estate Equities by 2.4% during the second quarter. Osaic Holdings Inc. now owns 54,983 shares of the real estate investment trust’s stock valued at $3,995,000 after purchasing an additional 1,299 shares during the last quarter. Centaurus Financial Inc. acquired a new position in shares of Alexandria Real Estate Equities in the 2nd quarter valued at $125,000. Orion Porfolio Solutions LLC increased its stake in Alexandria Real Estate Equities by 16.5% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 3,276 shares of the real estate investment trust’s stock worth $238,000 after purchasing an additional 465 shares in the last quarter. Finally, TT Capital Management LLC raised its holdings in Alexandria Real Estate Equities by 35.5% during the 2nd quarter. TT Capital Management LLC now owns 60,843 shares of the real estate investment trust’s stock worth $4,419,000 after buying an additional 15,947 shares during the period. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

ARE stock opened at $83.64 on Friday. The company has a market capitalization of $14.47 billion, a P/E ratio of -643.35, a PEG ratio of 7.01 and a beta of 1.31. The company has a 50-day simple moving average of $80.95 and a 200 day simple moving average of $78.61. Alexandria Real Estate Equities has a fifty-two week low of $67.37 and a fifty-two week high of $123.10. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.61.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, July 21st. The real estate investment trust reported $2.33 EPS for the quarter, beating the consensus estimate of $2.29 by $0.04. The firm had revenue of $737.28 million for the quarter, compared to analysts’ expectations of $748.02 million. Alexandria Real Estate Equities had a negative net margin of 0.33% and a negative return on equity of 0.05%. Alexandria Real Estate Equities’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter last year, the company earned $2.36 EPS. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. Sell-side analysts predict that Alexandria Real Estate Equities 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 will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Tuesday, September 30th. Alexandria Real Estate Equities’s payout ratio is presently -4,061.54%.

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.