Alexandria Real Estate Equities (NYSE:ARE) Shares Gap Down After Earnings Miss

Alexandria Real Estate Equities, Inc. (NYSE:ARE)’s stock price gapped down prior to trading on Tuesday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $77.87, but opened at $69.78. Alexandria Real Estate Equities shares last traded at $65.9470, with a volume of 3,482,310 shares changing hands.

The real estate investment trust reported $2.22 earnings per share for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.09). The business had revenue of $751.94 million for the quarter, compared to analyst estimates of $752.90 million. Alexandria Real Estate Equities had a negative return on equity of 1.87% and a negative net margin of 13.43%.The firm’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.37 EPS. Alexandria Real Estate Equities has set its FY 2025 guidance at 8.980-9.040 EPS.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a dividend of $1.32 per share. The ex-dividend date was Tuesday, September 30th. This represents a $5.28 dividend on an annualized basis and a yield of 8.4%. Alexandria Real Estate Equities’s dividend payout ratio is currently -4,061.54%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ARE shares. BNP Paribas Exane decreased their price target on shares of Alexandria Real Estate Equities from $82.00 to $72.00 and set an “underperform” rating for the company in a research note on Tuesday. Jefferies Financial Group started coverage on shares of Alexandria Real Estate Equities in a research note on Monday, October 6th. They set a “hold” rating and a $80.00 price target for the company. Royal Bank Of Canada decreased 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 research note on Tuesday, July 29th. BMO Capital Markets initiated coverage on shares of Alexandria Real Estate Equities in a research note on Tuesday, September 23rd. They set an “outperform” rating and a $100.00 price target for the company. Finally, BNP Paribas cut shares of Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating and set a $82.00 target price for the company. in a research note on Wednesday, October 1st. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $95.00.

Institutional Trading of Alexandria Real Estate Equities

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. boosted its holdings in Alexandria Real Estate Equities by 4.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,795 shares of the real estate investment trust’s stock worth $1,091,000 after buying an additional 463 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Alexandria Real Estate Equities by 22.3% during the first quarter. Sequoia Financial Advisors LLC now owns 2,620 shares of the real estate investment trust’s stock worth $242,000 after buying an additional 477 shares in the last quarter. Mather Group LLC. boosted its holdings in Alexandria Real Estate Equities by 335.0% during the first quarter. Mather Group LLC. now owns 622 shares of the real estate investment trust’s stock worth $58,000 after buying an additional 479 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Alexandria Real Estate Equities by 3.6% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 53,853 shares of the real estate investment trust’s stock worth $4,982,000 after buying an additional 1,847 shares in the last quarter. Finally, DAVENPORT & Co LLC boosted its holdings in Alexandria Real Estate Equities by 13.7% during the first quarter. DAVENPORT & Co LLC now owns 44,077 shares of the real estate investment trust’s stock worth $4,078,000 after buying an additional 5,296 shares in the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Trading Down 19.1%

The stock has a market cap of $10.90 billion, a PE ratio of -25.51, a P/E/G ratio of 6.54 and a beta of 1.31. The business’s fifty day moving average is $80.78 and its 200 day moving average is $76.81. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.61.

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.