Alexandria Real Estate Equities (NYSE:ARE) Hits New 52-Week Low on Analyst Downgrade

Alexandria Real Estate Equities, Inc. (NYSE:ARE)’s share price hit a new 52-week low on Wednesday after Cantor Fitzgerald lowered their price target on the stock from $79.00 to $52.00. Cantor Fitzgerald currently has a neutral rating on the stock. Alexandria Real Estate Equities traded as low as $62.56 and last traded at $63.0060, with a volume of 12263244 shares changing hands. The stock had previously closed at $77.87.

Several other research analysts have also weighed in on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Alexandria Real Estate Equities in a report on Wednesday, October 8th. Jefferies Financial Group assumed coverage on Alexandria Real Estate Equities in a research note on Monday, October 6th. They issued a “hold” rating and a $80.00 price target for the company. BNP Paribas Exane decreased their price target on Alexandria Real Estate Equities from $82.00 to $72.00 and set an “underperform” rating for the company in a research note on Tuesday. Evercore ISI upgraded Alexandria Real Estate Equities from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $91.00 to $104.00 in a research note on Monday, September 15th. Finally, BNP Paribas lowered Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating and set a $82.00 target price for the company. in a research report on Wednesday, October 1st. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $93.20.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new position in Alexandria Real Estate Equities during the 2nd quarter worth $1,195,306,000. AQR Capital Management LLC boosted its holdings in shares of Alexandria Real Estate Equities by 511.9% during the first quarter. AQR Capital Management LLC now owns 1,517,842 shares of the real estate investment trust’s stock valued at $140,416,000 after acquiring an additional 1,269,795 shares during the period. Invesco Ltd. boosted its holdings in shares of Alexandria Real Estate Equities by 39.0% during the first quarter. Invesco Ltd. now owns 3,147,743 shares of the real estate investment trust’s stock valued at $291,198,000 after acquiring an additional 882,963 shares during the period. DAVENPORT & Co LLC boosted its holdings in shares of Alexandria Real Estate Equities by 1,796.2% during the second quarter. DAVENPORT & Co LLC now owns 835,789 shares of the real estate investment trust’s stock valued at $60,814,000 after acquiring an additional 791,712 shares during the period. Finally, Lasalle Investment Management Securities LLC boosted its holdings in shares of Alexandria Real Estate Equities by 89.2% during the second quarter. Lasalle Investment Management Securities LLC now owns 1,175,406 shares of the real estate investment trust’s stock valued at $85,370,000 after acquiring an additional 554,236 shares during the period. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Trading Down 4.1%

The company has a debt-to-equity ratio of 0.65, a current ratio of 0.24 and a quick ratio of 0.23. The firm’s fifty day moving average price is $79.99 and its 200-day moving average price is $76.55. The company has a market cap of $9.74 billion, a price-to-earnings ratio of -22.82, a P/E/G ratio of 5.06 and a beta of 1.31.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Monday, October 27th. The real estate investment trust reported $2.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.09). The firm had revenue of $751.94 million for 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 company’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.37 earnings per share. Alexandria Real Estate Equities has set its FY 2025 guidance at 8.980-9.040 EPS. On average, equities analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a dividend of $1.32 per share. The ex-dividend date was Tuesday, September 30th. This represents a $5.28 annualized dividend and a dividend yield of 9.4%. Alexandria Real Estate Equities’s payout ratio is currently -4,061.54%.

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.