Alexandria Real Estate Equities (NYSE:ARE) Given New $79.00 Price Target at Cantor Fitzgerald

Alexandria Real Estate Equities (NYSE:ARE) had its price target decreased by Cantor Fitzgerald from $88.00 to $79.00 in a research note released on Monday morning, Marketbeat.com reports. Cantor Fitzgerald currently has a neutral rating on the real estate investment trust’s stock.

Several other brokerages have also weighed in on ARE. Evercore ISI upgraded shares of Alexandria Real Estate Equities from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $91.00 to $104.00 in a research report on Monday, September 15th. BNP Paribas Exane reiterated an “underperform” rating on shares of Alexandria Real Estate Equities in a research report on Wednesday, October 1st. Weiss Ratings reiterated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research report on Wednesday, October 8th. BMO Capital Markets assumed coverage on shares of Alexandria Real Estate Equities in a report on Tuesday, September 23rd. They set an “outperform” rating and a $100.00 price target for the company. Finally, Royal Bank Of Canada cut their price target on shares of Alexandria Real Estate Equities from $100.00 to $98.00 and set a “sector perform” rating for the company in a report on Tuesday, July 29th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $95.87.

Alexandria Real Estate Equities Price Performance

Shares of Alexandria Real Estate Equities stock opened at $73.92 on Monday. 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 firm’s 50-day simple moving average is $80.77 and its 200-day simple moving average is $77.40. Alexandria Real Estate Equities has a twelve month low of $67.37 and a twelve month high of $123.10. The firm has a market cap of $12.78 billion, a P/E ratio of -568.58, a price-to-earnings-growth ratio of 6.21 and a beta of 1.31.

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, beating 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 business had revenue of $737.28 million for the quarter, compared to analyst estimates of $748.02 million. During the same period in the previous year, the business earned $2.36 EPS. The firm’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. As a group, research analysts expect that Alexandria Real Estate Equities will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a yield of 7.1%. 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

A number of institutional investors have recently modified their holdings of ARE. Private Trust Co. NA boosted its holdings in Alexandria Real Estate Equities by 19.2% during the 1st quarter. Private Trust Co. NA now owns 925 shares of the real estate investment trust’s stock worth $86,000 after acquiring an additional 149 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Alexandria Real Estate Equities by 16.4% during the 1st quarter. Farther Finance Advisors LLC now owns 1,084 shares of the real estate investment trust’s stock worth $99,000 after acquiring an additional 153 shares during the last quarter. Presima Securities ULC boosted its holdings in Alexandria Real Estate Equities by 1.4% during the 1st quarter. Presima Securities ULC now owns 11,895 shares of the real estate investment trust’s stock worth $1,100,000 after acquiring an additional 170 shares during the last quarter. CX Institutional boosted its holdings in Alexandria Real Estate Equities by 13.8% during the 2nd quarter. CX Institutional now owns 1,445 shares of the real estate investment trust’s stock worth $105,000 after acquiring an additional 175 shares during the last quarter. Finally, Investor s Fiduciary Advisor Network LLC boosted its holdings in Alexandria Real Estate Equities by 3.8% during the 1st quarter. Investor s Fiduciary Advisor Network LLC now owns 4,941 shares of the real estate investment trust’s stock worth $457,000 after acquiring an additional 180 shares during the last quarter. 96.54% of the stock is owned by 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.