Alexandria Real Estate Equities (NYSE:ARE) Lowered to “Market Perform” Rating by Citizens Jmp

Citizens Jmp cut shares of Alexandria Real Estate Equities (NYSE:ARE) from an outperform rating to a market perform rating in a research note issued to investors on Thursday morning, MarketBeat Ratings reports.

Other research analysts have also issued research reports about the company. Evercore ISI dropped their target price on Alexandria Real Estate Equities from $104.00 to $74.00 in a report on Friday, October 31st. BNP Paribas Exane decreased their target price on shares of Alexandria Real Estate Equities from $82.00 to $72.00 and set an “underperform” rating for the company in a research note on Tuesday, October 28th. Cantor Fitzgerald dropped their price target on Alexandria Real Estate Equities from $79.00 to $52.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 28th. Weiss Ratings reiterated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada reduced their price target on shares of Alexandria Real Estate Equities from $98.00 to $65.00 and set a “sector perform” rating for the company in a research report on Monday, November 3rd. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $81.71.

Alexandria Real Estate Equities Trading Up 0.1%

Shares of Alexandria Real Estate Equities stock traded up $0.06 during mid-day trading on Thursday, hitting $52.30. The stock had a trading volume of 1,752,156 shares, compared to its average volume of 1,740,320. The firm has a market cap of $9.04 billion, a P/E ratio of -21.17, a price-to-earnings-growth ratio of 5.06 and a beta of 1.29. Alexandria Real Estate Equities has a 12-month low of $51.63 and a 12-month high of $112.42. The company has a quick ratio of 0.23, a current ratio of 0.24 and a debt-to-equity ratio of 0.65. The firm has a 50-day moving average of $73.95 and a two-hundred day moving average of $74.80.

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 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 previous year, the company posted $2.37 EPS. Alexandria Real Estate Equities’s revenue was down 5.0% on a year-over-year basis. Alexandria Real Estate Equities has set its FY 2025 guidance at 8.980-9.040 EPS. Sell-side analysts forecast that Alexandria Real Estate Equities will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors 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 annualized dividend and a yield of 10.1%. Alexandria Real Estate Equities’s dividend payout ratio is currently -213.77%.

Hedge Funds Weigh In On Alexandria Real Estate Equities

A number of hedge funds have recently modified their holdings of ARE. Sound Income Strategies LLC bought a new position in Alexandria Real Estate Equities in the 2nd quarter valued at about $25,000. Loomis Sayles & Co. L P purchased a new position in Alexandria Real Estate Equities in the second quarter worth $27,000. American National Bank & Trust bought a new position in shares of Alexandria Real Estate Equities during the second quarter valued at about $29,000. Avalon Trust Co purchased a new position in shares of Alexandria Real Estate Equities in the third quarter valued at about $29,000. Finally, Cornerstone Planning Group LLC lifted its position in shares of Alexandria Real Estate Equities by 5,916.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 361 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 355 shares during the period. Institutional investors and hedge funds own 96.54% of the company’s stock.

About Alexandria Real Estate Equities

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.