Alexandria Real Estate Equities (NYSE:ARE) Sets New 12-Month Low – Here’s Why

Alexandria Real Estate Equities, Inc. (NYSE:ARE) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $93.25 and last traded at $93.79, with a volume of 41225 shares trading hands. The stock had previously closed at $94.96.

Analyst Upgrades and Downgrades

ARE has been the topic of a number of research reports. Royal Bank of Canada dropped their price target on Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating on the stock in a research note on Tuesday, December 17th. StockNews.com lowered Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research report on Wednesday, January 29th. Wedbush reissued a “neutral” rating and issued a $104.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. JPMorgan Chase & Co. lowered shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $133.00 to $121.00 in a research note on Wednesday, November 27th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and decreased their target price for the stock from $135.00 to $112.00 in a research report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Alexandria Real Estate Equities currently has an average rating of “Hold” and an average price target of $121.30.

Alexandria Real Estate Equities Stock Down 0.7 %

The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $16.32 billion, a P/E ratio of 52.42, a P/E/G ratio of 3.67 and a beta of 1.16. The stock’s 50-day simple moving average is $99.27 and its 200-day simple moving average is $109.93.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $1.48. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. As a group, research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.34 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a dividend yield of 5.60%. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Tuesday, December 31st. Alexandria Real Estate Equities’s payout ratio is presently 293.33%.

Alexandria Real Estate Equities declared that its board has authorized a stock buyback plan on Monday, December 9th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the real estate investment trust to reacquire up to 2.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Institutional Trading of Alexandria Real Estate Equities

A number of large investors have recently added to or reduced their stakes in ARE. Catalyst Capital Advisors LLC bought a new position in shares of Alexandria Real Estate Equities during the 3rd quarter valued at approximately $25,000. Proficio Capital Partners LLC purchased a new position in Alexandria Real Estate Equities in the fourth quarter valued at approximately $29,000. EverSource Wealth Advisors LLC lifted its stake in Alexandria Real Estate Equities by 57.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 109 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in Alexandria Real Estate Equities during the third quarter valued at $30,000. Finally, Venturi Wealth Management LLC increased its position in Alexandria Real Estate Equities by 144.0% in the third quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 180 shares during the last quarter. 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.