Alexandria Real Estate Equities, Inc. (NYSE:ARE) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) have earned an average rating of “Reduce” from the fourteen analysts that are currently covering the company, MarketBeat reports. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $79.3846.

Several equities research analysts have recently weighed in on ARE shares. BNP Paribas cut shares of Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating and set a $82.00 price target for the company. in a research report on Wednesday, October 1st. Royal Bank Of Canada dropped their target price on Alexandria Real Estate Equities from $98.00 to $65.00 and set a “sector perform” rating on the stock in a research report on Monday, November 3rd. BNP Paribas Exane cut their price target on Alexandria Real Estate Equities from $82.00 to $72.00 and set an “underperform” rating on the stock in a report on Tuesday, October 28th. Weiss Ratings restated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research note on Wednesday, October 8th. Finally, Evercore ISI cut their target price on Alexandria Real Estate Equities from $104.00 to $74.00 in a research note on Friday, October 31st.

Institutional Investors Weigh In On Alexandria Real Estate Equities

Institutional investors have recently bought and sold shares of the company. Sound Income Strategies LLC acquired a new position in shares of Alexandria Real Estate Equities during the second quarter worth $25,000. Loomis Sayles & Co. L P acquired a new position in Alexandria Real Estate Equities during the 2nd quarter valued at about $27,000. American National Bank & Trust acquired a new position in Alexandria Real Estate Equities during the 2nd quarter valued at about $29,000. Avalon Trust Co purchased a new stake in Alexandria Real Estate Equities in the third quarter valued at about $29,000. Finally, Cornerstone Planning Group LLC boosted its holdings in Alexandria Real Estate Equities by 5,916.7% in the third quarter. Cornerstone Planning Group LLC now owns 361 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 355 shares in the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Price Performance

Shares of ARE stock opened at $52.30 on Friday. Alexandria Real Estate Equities has a twelve month low of $51.63 and a twelve month high of $112.42. 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 fifty day simple moving average of $73.95 and a two-hundred day simple moving average of $74.80. The stock has a market capitalization of $9.04 billion, a price-to-earnings ratio of -21.17, a P/E/G ratio of 5.06 and a beta of 1.29.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $2.22 earnings per share for the quarter, missing the consensus estimate of $2.31 by ($0.09). Alexandria Real Estate Equities had a negative net margin of 13.43% and a negative return on equity of 1.89%. The firm had revenue of $751.94 million during the quarter, compared to the consensus estimate of $752.90 million. During the same quarter in the previous year, the firm earned $2.37 earnings per share. The business’s 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, analysts predict that Alexandria Real Estate Equities will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a $1.32 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $5.28 dividend on an annualized basis and a dividend yield of 10.1%. Alexandria Real Estate Equities’s payout ratio is presently -213.77%.

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.