Alexandria Real Estate Equities (NYSE:ARE) Now Covered by Analysts at Jefferies Financial Group

Jefferies Financial Group began coverage on shares of Alexandria Real Estate Equities (NYSE:ARE) in a report released on Monday, MarketBeat Ratings reports. The brokerage issued a hold rating and a $80.00 price objective on the real estate investment trust’s stock.

ARE has been the topic of a number of other reports. Royal Bank Of Canada reduced their price target 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 report on Tuesday, July 29th. Mizuho reduced their target price on Alexandria Real Estate Equities from $121.00 to $91.00 in a report on Thursday, June 12th. BNP Paribas Exane reissued an “underperform” rating on shares of Alexandria Real Estate Equities in a research note on Wednesday, October 1st. BMO Capital Markets assumed coverage on Alexandria Real Estate Equities in a research report on Tuesday, September 23rd. They set an “outperform” rating and a $100.00 price target on the stock. Finally, Evercore ISI upgraded Alexandria Real Estate Equities from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $91.00 to $104.00 in a report on Monday, September 15th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Alexandria Real Estate Equities has a consensus rating of “Hold” and a consensus price target of $96.47.

Alexandria Real Estate Equities Trading Down 4.6%

NYSE:ARE opened at $79.98 on Monday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.61. Alexandria Real Estate Equities has a 1-year low of $67.37 and a 1-year high of $123.10. The firm has a market capitalization of $13.83 billion, a price-to-earnings ratio of -615.23, a PEG ratio of 7.04 and a beta of 1.31. The business’s 50-day moving average price is $81.00 and its two-hundred day moving average price is $78.13.

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

Alexandria Real Estate Equities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend is Tuesday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently -4,061.54%.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Several hedge funds have recently made changes to their positions in ARE. Sound Income Strategies LLC acquired a new stake in shares of Alexandria Real Estate Equities in the second quarter valued at approximately $25,000. Loomis Sayles & Co. L P bought a new position in Alexandria Real Estate Equities in the second quarter valued at $27,000. American National Bank & Trust acquired a new stake in Alexandria Real Estate Equities in the 2nd quarter valued at $29,000. Tsfg LLC bought a new stake in Alexandria Real Estate Equities during the 1st quarter worth about $30,000. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of Alexandria Real Estate Equities during the 2nd quarter worth about $30,000. 96.54% of the stock is owned by 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.