Alexandria Real Estate Equities, Inc. (NYSE:ARE) Receives $79.38 Average Price Target from Analysts

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) have received an average rating of “Reduce” from the fourteen research firms that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $79.3846.

ARE has been the subject of several analyst reports. BMO Capital Markets initiated coverage on Alexandria Real Estate Equities in a research note on Tuesday, September 23rd. They issued an “outperform” rating and a $100.00 price objective for the company. Zacks Research downgraded Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 6th. JPMorgan Chase & Co. dropped their price objective on shares of Alexandria Real Estate Equities from $95.00 to $65.00 in a research note on Monday, November 3rd. Royal Bank Of Canada cut their price objective on shares of Alexandria Real Estate Equities from $98.00 to $65.00 and set a “sector perform” rating on the stock in a research report on Monday, November 3rd. Finally, Evercore ISI reduced their target price on shares of Alexandria Real Estate Equities from $104.00 to $74.00 in a research note on Friday, October 31st.

Alexandria Real Estate Equities Stock Performance

Shares of NYSE:ARE opened at $50.82 on Friday. The firm has a fifty day simple moving average of $73.25 and a two-hundred day simple moving average of $74.67. Alexandria Real Estate Equities has a 52 week low of $50.51 and a 52 week high of $112.42. The company has a quick ratio of 0.23, a current ratio of 0.24 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $8.78 billion, a P/E ratio of -20.57, a PEG ratio of 5.06 and a beta of 1.29.

Alexandria Real Estate Equities (NYSE:ARE) last announced its 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 firm’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.37 earnings per share. Alexandria Real Estate Equities has set its FY 2025 guidance at 8.980-9.040 EPS. On average, analysts expect that Alexandria Real Estate Equities will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a yield of 10.4%. The ex-dividend date of this dividend was Tuesday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio is -213.77%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Sound Income Strategies LLC bought a new stake in shares of Alexandria Real Estate Equities during the 2nd quarter worth approximately $25,000. Loomis Sayles & Co. L P purchased a new stake in Alexandria Real Estate Equities in the second quarter worth $27,000. American National Bank & Trust bought a new stake in shares of Alexandria Real Estate Equities during the second quarter worth $29,000. Avalon Trust Co bought a new stake in shares of Alexandria Real Estate Equities during the third quarter worth $29,000. Finally, Cornerstone Planning Group LLC boosted its stake in shares of Alexandria Real Estate Equities by 5,916.7% during the third quarter. Cornerstone Planning Group LLC now owns 361 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 355 shares during the period. Institutional investors own 96.54% of the company’s stock.

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.