Alexandria Real Estate Equities (NYSE:ARE) Price Target Cut to $64.00 by Analysts at Evercore ISI

Alexandria Real Estate Equities (NYSE:ARE) had its target price decreased by Evercore ISI from $72.00 to $64.00 in a report released on Thursday morning, Marketbeat.com reports. Evercore ISI currently has an outperform rating on the real estate investment trust’s stock.

Several other research firms have also issued reports on ARE. Zacks Research lowered shares of Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating in a report on Thursday, November 6th. BNP Paribas Exane cut their target price on shares of Alexandria Real Estate Equities from $82.00 to $72.00 and set an “underperform” rating for the company in a research report on Tuesday, October 28th. Citizens Jmp cut Alexandria Real Estate Equities from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 13th. BNP Paribas downgraded Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating and set a $82.00 price target for the company. in a research note on Wednesday, October 1st. Finally, Royal Bank Of Canada reduced their price target on shares of Alexandria Real Estate Equities from $98.00 to $65.00 and set a “sector perform” rating on the stock in a report on Monday, November 3rd. Four 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 company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $74.29.

Alexandria Real Estate Equities Price Performance

Shares of Alexandria Real Estate Equities stock opened at $46.55 on Thursday. The company has a fifty day moving average of $64.36 and a 200-day moving average of $72.70. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.24 and a current ratio of 0.24. Alexandria Real Estate Equities has a 52-week low of $46.10 and a 52-week high of $107.19. The stock has a market capitalization of $8.04 billion, a price-to-earnings ratio of -18.85, a price-to-earnings-growth ratio of 4.17 and a beta of 1.32.

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

Alexandria Real Estate Equities Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 6.2%. The ex-dividend date is Wednesday, December 31st. Alexandria Real Estate Equities’s payout ratio is -213.77%.

Institutional Trading of Alexandria Real Estate Equities

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ARE. Sound Income Strategies LLC acquired a new position in shares of Alexandria Real Estate Equities in the 2nd quarter valued at $25,000. Loomis Sayles & Co. L P acquired a new position in shares of Alexandria Real Estate Equities in the 2nd quarter valued at about $27,000. American National Bank & Trust acquired a new position in Alexandria Real Estate Equities during the 2nd quarter valued at approximately $29,000. Avalon Trust Co acquired a new stake in Alexandria Real Estate Equities in the 3rd quarter valued at approximately $29,000. Finally, Cornerstone Planning Group LLC lifted its stake in shares of Alexandria Real Estate Equities by 5,916.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 361 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 355 shares during the period. Hedge funds and other institutional investors own 96.54% of the company’s stock.

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.