Alexandria Real Estate Equities (NYSE:ARE) Given Underperform Rating at BNP Paribas Exane

BNP Paribas Exane reaffirmed their underperform rating on shares of Alexandria Real Estate Equities (NYSE:ARE) in a research report released on Wednesday, MarketBeat reports.

Other equities research analysts also recently issued reports about the stock. Cantor Fitzgerald set a $88.00 price objective on shares of Alexandria Real Estate Equities and gave the stock a “neutral” rating in a research report on Wednesday. BMO Capital Markets assumed coverage on shares of Alexandria Real Estate Equities in a research note on Tuesday, September 23rd. They issued an “outperform” rating and a $100.00 target price on the stock. Evercore ISI upgraded shares of Alexandria Real Estate Equities from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $91.00 to $104.00 in a research note on Monday, September 15th. Mizuho dropped their target price on shares of Alexandria Real Estate Equities from $121.00 to $91.00 in a research note on Thursday, June 12th. Finally, Baird R W dropped their target price on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a research note on Thursday, June 12th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $96.60.

Alexandria Real Estate Equities Trading Up 0.1%

Shares of ARE stock opened at $83.45 on Wednesday. Alexandria Real Estate Equities has a 52-week low of $67.37 and a 52-week high of $123.10. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.23 and a current ratio of 0.23. The company has a 50-day simple moving average of $80.92 and a two-hundred day simple moving average of $78.72. The company has a market capitalization of $14.43 billion, a price-to-earnings ratio of -641.95, a PEG ratio of 7.00 and a beta of 1.31.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $737.28 million during the quarter, compared to the consensus estimate of $748.02 million. During the same period in the prior year, the firm posted $2.36 EPS. The firm’s quarterly revenue 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. Research analysts anticipate that Alexandria Real Estate Equities will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a dividend of $1.32 per share. 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 dividend payout ratio is presently -4,061.54%.

Institutional Trading of Alexandria Real Estate Equities

A number of institutional investors have recently modified their holdings of the business. Osaic Holdings Inc. lifted its stake in shares of Alexandria Real Estate Equities by 2.4% during the 2nd quarter. Osaic Holdings Inc. now owns 54,983 shares of the real estate investment trust’s stock valued at $3,995,000 after buying an additional 1,299 shares in the last quarter. Centaurus Financial Inc. purchased a new stake in shares of Alexandria Real Estate Equities during the 2nd quarter valued at approximately $125,000. Orion Porfolio Solutions LLC lifted its stake in shares of Alexandria Real Estate Equities by 16.5% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 3,276 shares of the real estate investment trust’s stock valued at $238,000 after buying an additional 465 shares in the last quarter. TT Capital Management LLC lifted its stake in shares of 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 valued at $4,419,000 after buying an additional 15,947 shares in the last quarter. Finally, Pathway Financial Advisers LLC lifted its stake in shares of Alexandria Real Estate Equities by 2.4% during the 2nd quarter. Pathway Financial Advisers LLC now owns 13,454 shares of the real estate investment trust’s stock valued at $977,000 after buying an additional 314 shares in the last quarter. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

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.