BNP Paribas Exane Cuts Alexandria Real Estate Equities (NYSE:ARE) Price Target to $50.00

Alexandria Real Estate Equities (NYSE:ARE) had its price target decreased by BNP Paribas Exane from $72.00 to $50.00 in a research report report published on Thursday,MarketScreener reports. BNP Paribas Exane currently has an underperform rating on the real estate investment trust’s stock.

A number of other equities analysts have also weighed in on the company. Royal Bank Of Canada dropped their price objective on Alexandria Real Estate Equities from $98.00 to $65.00 and set a “sector perform” rating for the company in a research note on Monday, November 3rd. Citizens Jmp cut Alexandria Real Estate Equities from an “outperform” rating to a “market perform” rating in a 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. Cantor Fitzgerald cut their price objective on shares of Alexandria Real Estate Equities from $52.00 to $48.00 and set a “neutral” rating for the company in a report on Friday. Finally, Evercore ISI reduced their price objective on shares of Alexandria Real Estate Equities from $72.00 to $64.00 and set an “outperform” rating on the stock in a research report on Thursday. Four investment 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $72.43.

Alexandria Real Estate Equities Stock Performance

ARE opened at $45.57 on Thursday. The company has a 50 day simple moving average of $63.59 and a two-hundred day simple moving average of $72.51. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.24 and a quick ratio of 0.24. The firm has a market cap of $7.87 billion, a P/E ratio of -18.45, a PEG ratio of 3.91 and a beta of 1.32. Alexandria Real Estate Equities has a 1-year low of $45.47 and a 1-year high of $107.19.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, October 27th. The real estate investment trust reported $2.22 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $752.90 million. During the same quarter last year, the firm posted $2.37 EPS. The firm’s quarterly revenue was down 5.0% compared to the same quarter last year. Alexandria Real Estate Equities has set its FY 2025 guidance at 8.980-9.040 EPS. Equities analysts forecast that Alexandria Real Estate Equities will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be paid a $0.72 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $2.88 dividend on an annualized basis and a yield of 6.3%. Alexandria Real Estate Equities’s payout ratio is presently -213.77%.

Institutional Investors Weigh In On Alexandria Real Estate Equities

Several large investors have recently bought and sold shares of the business. Avantax Advisory Services Inc. grew its stake in shares of Alexandria Real Estate Equities by 33.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 3,454 shares of the real estate investment trust’s stock worth $320,000 after buying an additional 867 shares in the last quarter. ASR Vermogensbeheer N.V. purchased a new stake in shares of Alexandria Real Estate Equities during the 1st quarter valued at about $1,261,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Alexandria Real Estate Equities by 2.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,530,184 shares of the real estate investment trust’s stock valued at $234,067,000 after acquiring an additional 63,997 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Alexandria Real Estate Equities by 11.5% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 378,712 shares of the real estate investment trust’s stock valued at $35,035,000 after acquiring an additional 39,013 shares during the last quarter. Finally, Citigroup Inc. grew its position in Alexandria Real Estate Equities by 9.4% in the first quarter. Citigroup Inc. now owns 217,248 shares of the real estate investment trust’s stock worth $20,098,000 after acquiring an additional 18,692 shares in the last quarter. 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.