Alexandria Real Estate Equities (NYSE:ARE) Upgraded by Evercore ISI to “Outperform” Rating

Evercore ISI upgraded shares of Alexandria Real Estate Equities (NYSE:ARE) from an in-line rating to an outperform rating in a research note published on Monday, Marketbeat.com reports. They currently have $104.00 price target on the real estate investment trust’s stock, up from their prior price target of $91.00.

Other analysts have also issued reports about the stock. JPMorgan Chase & Co. lowered their price target on shares of Alexandria Real Estate Equities from $117.00 to $95.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 20th. Mizuho cut their target price on shares of Alexandria Real Estate Equities from $121.00 to $91.00 in a research note on Thursday, June 12th. Royal Bank Of Canada cut their target price on shares of Alexandria Real Estate Equities from $100.00 to $98.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 29th. Baird R W lowered their price target on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a report on Thursday, June 12th. Finally, Citigroup lowered their price target on shares of Alexandria Real Estate Equities from $110.00 to $74.00 in a report on Monday, June 2nd. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $98.25.

Alexandria Real Estate Equities Trading Up 0.8%

Shares of Alexandria Real Estate Equities stock opened at $85.56 on Monday. Alexandria Real Estate Equities has a 52-week low of $67.37 and a 52-week high of $125.63. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.61. The company’s 50-day simple moving average is $79.39 and its 200-day simple moving average is $79.68. The firm has a market cap of $14.80 billion, a price-to-earnings ratio of -658.16, a price-to-earnings-growth ratio of 7.13 and a beta of 1.30.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.04. Alexandria Real Estate Equities had a negative net margin of 0.33% and a negative return on equity of 0.05%. The company had revenue of $737.28 million for the quarter, compared to analyst estimates of $748.02 million. During the same period in the prior year, the business posted $2.36 earnings per share. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. As a group, equities research analysts anticipate that Alexandria Real Estate Equities will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a $1.32 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $5.28 annualized dividend and a dividend yield of 6.2%. Alexandria Real Estate Equities’s payout ratio is -4,061.54%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of ARE. Norges Bank bought a new stake in Alexandria Real Estate Equities in the 2nd quarter valued at about $1,195,306,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Alexandria Real Estate Equities by 1,038.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,610,074 shares of the real estate investment trust’s stock worth $157,063,000 after buying an additional 1,468,644 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Alexandria Real Estate Equities by 511.9% during the 1st quarter. AQR Capital Management LLC now owns 1,517,842 shares of the real estate investment trust’s stock worth $140,416,000 after buying an additional 1,269,795 shares in the last quarter. Invesco Ltd. grew its stake in shares of Alexandria Real Estate Equities by 39.0% in the 1st quarter. Invesco Ltd. now owns 3,147,743 shares of the real estate investment trust’s stock worth $291,198,000 after purchasing an additional 882,963 shares during the last quarter. Finally, DAVENPORT & Co LLC grew its stake in shares of Alexandria Real Estate Equities by 1,796.2% in the 2nd quarter. DAVENPORT & Co LLC now owns 835,789 shares of the real estate investment trust’s stock worth $60,814,000 after purchasing an additional 791,712 shares during the last quarter. 96.54% of the stock is owned by institutional investors and hedge funds.

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.