Alexandria Real Estate Equities (NYSE:ARE) Reaches New 1-Year Low – Time to Sell?

Alexandria Real Estate Equities, Inc. (NYSE:ARE) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $50.22 and last traded at $50.7550, with a volume of 2840528 shares. The stock had previously closed at $50.84.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ARE shares. Evercore ISI lowered their target price on shares of Alexandria Real Estate Equities from $104.00 to $74.00 in a report on Friday, October 31st. Citizens Jmp cut shares of Alexandria Real Estate Equities from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 13th. Jefferies Financial Group set a $62.00 target price on Alexandria Real Estate Equities and gave the stock a “hold” rating in a research report on Monday, November 3rd. Citigroup reissued a “neutral” rating on shares of Alexandria Real Estate Equities in a research report on Monday, November 3rd. Finally, BMO Capital Markets began coverage on Alexandria Real Estate Equities in a report on Tuesday, September 23rd. They issued an “outperform” rating and a $100.00 price objective on the stock. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $79.38.

Alexandria Real Estate Equities Trading Down 0.2%

The stock has a market capitalization of $8.77 billion, a price-to-earnings ratio of -20.55, a P/E/G ratio of 5.06 and a beta of 1.29. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.23 and a current ratio of 0.24. The firm has a fifty day moving average of $72.59 and a 200-day moving average of $74.50.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $2.22 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $751.94 million for the quarter, compared to analyst estimates of $752.90 million. During the same quarter in the prior year, the firm earned $2.37 EPS. The company’s revenue for the quarter 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. As a group, equities analysts predict 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 business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a yield of 10.4%. The ex-dividend date was Tuesday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio is currently -213.77%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Sound Income Strategies LLC acquired a new position in Alexandria Real Estate Equities in the 2nd quarter worth $25,000. Loomis Sayles & Co. L P acquired a new position in shares of Alexandria Real Estate Equities in the second quarter worth about $27,000. American National Bank & Trust purchased a new position in Alexandria Real Estate Equities in the second quarter valued at about $29,000. Avalon Trust Co acquired a new stake in Alexandria Real Estate Equities during the 3rd quarter valued at approximately $29,000. Finally, Cornerstone Planning Group LLC increased its holdings in Alexandria Real Estate Equities by 5,916.7% during the 3rd quarter. Cornerstone Planning Group LLC now owns 361 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 355 shares during the last quarter. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

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.