Alexandria Real Estate Equities, Inc. (NYSE:ARE) Receives Average Rating of “Hold” from Analysts

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) have earned a consensus rating of “Hold” from the fifteen analysts that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $72.4286.

Several analysts have recently commented on ARE shares. BNP Paribas lowered shares of Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating and set a $82.00 price target on the stock. in a research report on Wednesday, October 1st. Zacks Research lowered Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 6th. Cantor Fitzgerald reduced their target price on shares of Alexandria Real Estate Equities from $52.00 to $48.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. Jefferies Financial Group set a $62.00 price objective on shares of Alexandria Real Estate Equities and gave the company a “hold” rating in a research report on Monday, November 3rd. Finally, BNP Paribas Exane decreased their target price on shares of Alexandria Real Estate Equities from $72.00 to $50.00 and set an “underperform” rating on the stock in a research report on Thursday, December 4th.

Alexandria Real Estate Equities Price Performance

Shares of NYSE:ARE opened at $45.23 on Wednesday. The firm has a market capitalization of $7.82 billion, a price-to-earnings ratio of -18.31, a price-to-earnings-growth ratio of 3.87 and a beta of 1.32. 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 business’s 50 day simple moving average is $62.04 and its 200-day simple moving average is $72.21. Alexandria Real Estate Equities has a 12 month low of $44.10 and a 12 month high of $107.07.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data 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). Alexandria Real Estate Equities had a negative return on equity of 1.89% and a negative net margin of 13.43%.The firm had revenue of $751.94 million for the quarter, compared to analyst estimates of $752.90 million. During the same period in the prior year, the firm posted $2.37 earnings per share. The business’s revenue for the quarter 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. As a group, equities analysts forecast that Alexandria Real Estate Equities will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities declared that its board has authorized a stock buyback program on Monday, December 8th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to purchase up to 6.4% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Alexandria Real Estate Equities Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 6.4%. The ex-dividend date is Wednesday, December 31st. Alexandria Real Estate Equities’s dividend payout ratio is presently -213.77%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Swiss Life Asset Management Ltd increased its holdings in Alexandria Real Estate Equities by 4.0% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 38,220 shares of the real estate investment trust’s stock valued at $3,185,000 after purchasing an additional 1,453 shares in the last quarter. Investment Research Partners LLC acquired a new stake in shares of Alexandria Real Estate Equities in the third quarter valued at about $905,000. CIBC Private Wealth Group LLC grew its stake in shares of Alexandria Real Estate Equities by 109.6% in the third quarter. CIBC Private Wealth Group LLC now owns 436 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 228 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new stake in shares of Alexandria Real Estate Equities during the 3rd quarter valued at about $5,199,000. Finally, Captrust Financial Advisors lifted its position in Alexandria Real Estate Equities by 21.8% during the 3rd quarter. Captrust Financial Advisors now owns 33,057 shares of the real estate investment trust’s stock worth $2,755,000 after acquiring an additional 5,911 shares in the last quarter. 96.54% of the stock is currently owned by hedge funds and other 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.