Alexandria Real Estate Equities (NYSE:ARE) Cut to Strong Sell at Zacks Research

Zacks Research cut shares of Alexandria Real Estate Equities (NYSE:ARE) from a hold rating to a strong sell rating in a report released on Thursday morning,Zacks.com reports.

Several other equities analysts have also recently issued reports on the company. Royal Bank Of Canada reduced their target price on Alexandria Real Estate Equities from $98.00 to $65.00 and set a “sector perform” rating on the stock in a research note on Monday, November 3rd. Cantor Fitzgerald cut their price target on shares of Alexandria Real Estate Equities from $79.00 to $52.00 and set a “neutral” rating on the stock in a report on Tuesday, October 28th. BNP Paribas downgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating and set a $82.00 price objective on the stock. in a research report on Wednesday, October 1st. Citigroup restated a “neutral” rating on shares of Alexandria Real Estate Equities in a report on Monday, November 3rd. Finally, Jefferies Financial Group set a $62.00 target price on shares of Alexandria Real Estate Equities and gave the company a “hold” rating in a research note on Monday, November 3rd. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $81.71.

Alexandria Real Estate Equities Price Performance

ARE stock opened at $55.64 on Thursday. The firm has a market cap of $9.62 billion, a P/E ratio of -22.52, a P/E/G ratio of 5.06 and a beta of 1.29. The firm’s fifty day moving average is $76.85 and its 200 day moving average is $75.60. Alexandria Real Estate Equities has a 52 week low of $52.94 and a 52 week high of $114.69. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.23 and a current ratio of 0.24.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $2.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.09). The business had revenue of $751.94 million for the quarter, compared to analysts’ expectations of $752.90 million. Alexandria Real Estate Equities had a negative net margin of 13.43% and a negative return on equity of 1.89%. The business’s quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.37 earnings per share. Alexandria Real Estate Equities has set its FY 2025 guidance at 8.980-9.040 EPS. Research analysts predict that Alexandria Real Estate Equities will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 9.5%. The ex-dividend date of this dividend was Tuesday, September 30th. Alexandria Real Estate Equities’s payout ratio is currently -213.77%.

Institutional Trading of Alexandria Real Estate Equities

A number of institutional investors and hedge funds have recently bought and sold shares of ARE. IFM Investors Pty Ltd lifted its holdings in shares of Alexandria Real Estate Equities by 0.3% during the 3rd quarter. IFM Investors Pty Ltd now owns 58,544 shares of the real estate investment trust’s stock valued at $4,909,000 after buying an additional 150 shares during the period. Presima Securities ULC lifted its holdings in Alexandria Real Estate Equities by 1.4% in the first quarter. Presima Securities ULC now owns 11,895 shares of the real estate investment trust’s stock valued at $1,100,000 after acquiring an additional 170 shares during the period. Kaufman Rossin Wealth LLC lifted its holdings in Alexandria Real Estate Equities by 6.3% in the third quarter. Kaufman Rossin Wealth LLC now owns 2,954 shares of the real estate investment trust’s stock valued at $246,000 after acquiring an additional 174 shares during the period. CX Institutional boosted its position in Alexandria Real Estate Equities by 13.8% in the second quarter. CX Institutional now owns 1,445 shares of the real estate investment trust’s stock worth $105,000 after purchasing an additional 175 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Alexandria Real Estate Equities by 0.9% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,443 shares of the real estate investment trust’s stock valued at $1,711,000 after purchasing an additional 198 shares during the period. 96.54% of the stock is currently 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.