BMO Capital Markets Cuts Alexandria Real Estate Equities (NYSE:ARE) Price Target to $67.00

Alexandria Real Estate Equities (NYSE:ARE) had its target price cut by BMO Capital Markets from $100.00 to $67.00 in a research note issued to investors on Monday morning,MarketScreener reports. They currently have an outperform rating on the real estate investment trust’s stock.

A number of other equities research analysts have also weighed in on ARE. Zacks Research lowered Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 6th. BNP Paribas downgraded Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating and set a $82.00 price objective for the company. in a research note on Wednesday, October 1st. Jefferies Financial Group set a $62.00 target price on shares of Alexandria Real Estate Equities and gave the stock a “hold” rating in a research report on Monday, November 3rd. Weiss Ratings reissued a “sell (d)” rating on shares of Alexandria Real Estate Equities in a report on Wednesday, October 8th. Finally, Citizens Jmp downgraded shares of Alexandria Real Estate Equities from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 13th. Four 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 company’s stock. Based on data from MarketBeat.com, Alexandria Real Estate Equities currently has a consensus rating of “Hold” and an average target price of $76.57.

Alexandria Real Estate Equities Trading Up 1.7%

Shares of Alexandria Real Estate Equities stock opened at $53.55 on Monday. The firm’s 50 day moving average is $68.51 and its 200 day moving average is $73.58. The firm has a market capitalization of $9.25 billion, a PE ratio of -21.68, a price-to-earnings-growth ratio of 5.06 and a beta of 1.29. Alexandria Real Estate Equities has a 1 year low of $48.66 and a 1 year high of $112.42. 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 (NYSE:ARE) last issued 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). The company had revenue of $751.94 million during the quarter, compared to analyst estimates of $752.90 million. Alexandria Real Estate Equities had a negative net margin of 13.43% and a negative return on equity of 1.89%. The business’s quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.37 EPS. Alexandria Real Estate Equities has set its FY 2025 guidance at 8.980-9.040 EPS. Equities research analysts forecast that Alexandria Real Estate Equities will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

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 dividend of $1.32 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $5.28 dividend on an annualized basis and a yield of 9.9%. Alexandria Real Estate Equities’s dividend payout ratio is -213.77%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. CIBC Private Wealth Group LLC boosted its holdings in shares of Alexandria Real Estate Equities by 109.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 436 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 228 shares in the last quarter. CIBC Bancorp USA Inc. bought a new position in Alexandria Real Estate Equities during the third quarter worth $5,199,000. Captrust Financial Advisors grew its holdings in Alexandria Real Estate Equities by 21.8% in the third quarter. Captrust Financial Advisors now owns 33,057 shares of the real estate investment trust’s stock worth $2,755,000 after purchasing an additional 5,911 shares during the period. Coldstream Capital Management Inc. grew its holdings in Alexandria Real Estate Equities by 105.3% in the third quarter. Coldstream Capital Management Inc. now owns 9,300 shares of the real estate investment trust’s stock worth $775,000 after purchasing an additional 4,770 shares during the period. Finally, Danske Bank A S bought a new stake in Alexandria Real Estate Equities in the third quarter valued at $6,900,000. 96.54% of the stock is owned by 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.