Alexandria Real Estate Equities (NYSE:ARE) Reaches New 12-Month Low Following Analyst Downgrade

Alexandria Real Estate Equities, Inc. (NYSE:ARE)’s stock price hit a new 52-week low on Thursday after Citizens Jmp downgraded the stock from an outperform rating to a market perform rating. The stock traded as low as $52.26 and last traded at $52.5050, with a volume of 667083 shares trading hands. The stock had previously closed at $53.78.

Several other analysts also recently commented on the stock. Citigroup reiterated a “neutral” rating on shares of Alexandria Real Estate Equities in a report on Monday, November 3rd. BNP Paribas Exane decreased their price objective 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. Zacks Research downgraded Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 6th. 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 report on Wednesday, October 1st. Finally, JPMorgan Chase & Co. decreased their price target on Alexandria Real Estate Equities from $95.00 to $65.00 in a research report on Monday, November 3rd. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $79.38.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Analyst IMS Investment Management Services Ltd. lifted its stake in Alexandria Real Estate Equities by 48.3% during the second quarter. Analyst IMS Investment Management Services Ltd. now owns 721,671 shares of the real estate investment trust’s stock worth $52,415,000 after purchasing an additional 235,093 shares during the last quarter. Washburn Capital Management Inc. bought a new position in shares of Alexandria Real Estate Equities during the 2nd quarter valued at about $949,000. Bank of Montreal Can raised its holdings in shares of Alexandria Real Estate Equities by 10.7% during the 2nd quarter. Bank of Montreal Can now owns 406,318 shares of the real estate investment trust’s stock valued at $29,511,000 after buying an additional 39,117 shares in the last quarter. Penserra Capital Management LLC lifted its position in Alexandria Real Estate Equities by 46.3% in the 2nd quarter. Penserra Capital Management LLC now owns 18,927 shares of the real estate investment trust’s stock worth $1,374,000 after buying an additional 5,994 shares during the last quarter. Finally, SYM FINANCIAL Corp bought a new stake in Alexandria Real Estate Equities in the 2nd quarter worth approximately $359,000. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Stock Performance

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 company has a 50 day simple moving average of $73.95 and a 200-day simple moving average of $74.80. The firm has a market cap of $9.04 billion, a PE ratio of -21.17, a price-to-earnings-growth ratio of 5.06 and a beta of 1.29.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data 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). Alexandria Real Estate Equities had a negative return on equity of 1.89% and a negative net margin of 13.43%.The business had revenue of $751.94 million during the quarter, compared to the consensus estimate of $752.90 million. During the same quarter in the previous year, the firm posted $2.37 earnings per share. The company’s revenue 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 research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm 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. This represents a $5.28 annualized dividend and a yield of 10.1%. The ex-dividend date was Tuesday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio is presently -213.77%.

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.