Alexandria Real Estate Equities (NYSE:ARE) Price Target Cut to $67.00 by Analysts at BMO Capital Markets

Alexandria Real Estate Equities (NYSE:ARE) had its price objective trimmed by BMO Capital Markets from $100.00 to $67.00 in a research report report published on Monday morning,MarketScreener reports. The brokerage currently has an outperform rating on the real estate investment trust’s stock.

Several other research firms also recently weighed in on ARE. Citigroup restated a “neutral” rating on shares of Alexandria Real Estate Equities in a report on Monday, November 3rd. Evercore ISI decreased their price objective on shares of Alexandria Real Estate Equities from $104.00 to $74.00 in a research report on Friday, October 31st. Weiss Ratings restated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a report on Wednesday, October 8th. Citizens Jmp lowered shares of Alexandria Real Estate Equities from an “outperform” rating to a “market perform” rating in a report on Thursday, November 13th. Finally, BNP Paribas Exane dropped their price target on Alexandria Real Estate Equities from $82.00 to $72.00 and set an “underperform” rating on the stock in a research report on Tuesday, October 28th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, Alexandria Real Estate Equities presently has a consensus rating of “Reduce” and a consensus price target of $76.85.

Alexandria Real Estate Equities Stock Up 0.7%

Shares of ARE opened at $51.25 on Monday. The company has a market capitalization of $8.86 billion, a PE ratio of -20.75, a PEG ratio of 5.06 and a beta of 1.29. The stock’s 50-day moving average price is $69.81 and its two-hundred day moving average price is $73.87. The company has a current ratio of 0.24, a quick ratio of 0.23 and a debt-to-equity ratio of 0.65. Alexandria Real Estate Equities has a 12 month low of $48.66 and a 12 month high of $112.42.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $2.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.09). The firm had revenue of $751.94 million during the quarter, compared to analyst estimates of $752.90 million. Alexandria Real Estate Equities had a negative return on equity of 1.89% 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 last year, the firm posted $2.37 EPS. Alexandria Real Estate Equities has set its FY 2025 guidance at 8.980-9.040 EPS. On average, analysts anticipate that Alexandria Real Estate Equities will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a dividend yield of 10.3%. The ex-dividend date was Tuesday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio is presently -213.77%.

Institutional Trading of Alexandria Real Estate Equities

Several hedge funds have recently bought and sold shares of ARE. AE Wealth Management LLC increased its stake in Alexandria Real Estate Equities by 12.0% in the 1st quarter. AE Wealth Management LLC now owns 2,743 shares of the real estate investment trust’s stock worth $254,000 after acquiring an additional 294 shares during the last quarter. Avantax Advisory Services Inc. lifted its stake in shares of Alexandria Real Estate Equities by 33.5% during the 1st quarter. Avantax Advisory Services Inc. now owns 3,454 shares of the real estate investment trust’s stock worth $320,000 after purchasing an additional 867 shares during the last quarter. Cetera Investment Advisers lifted its position in Alexandria Real Estate Equities by 15.4% during the first quarter. Cetera Investment Advisers now owns 29,977 shares of the real estate investment trust’s stock valued at $2,773,000 after acquiring an additional 3,997 shares during the last quarter. Assetmark Inc. boosted its holdings in Alexandria Real Estate Equities by 13.1% in the first quarter. Assetmark Inc. now owns 47,398 shares of the real estate investment trust’s stock worth $4,385,000 after acquiring an additional 5,483 shares in the last quarter. Finally, HB Wealth Management LLC raised its holdings in shares of Alexandria Real Estate Equities by 28.1% in the first quarter. HB Wealth Management LLC now owns 3,885 shares of the real estate investment trust’s stock worth $359,000 after buying an additional 853 shares during the last quarter. Hedge funds and other 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.