Alexandria Real Estate Equities (ARE) – Investment Analysts’ Recent Ratings Changes

Alexandria Real Estate Equities (NYSE: ARE) has recently received a number of price target changes and ratings updates:

• 11/8/2024 – Alexandria Real Estate Equities had its price target lowered by analysts at Robert W. Baird from $137.00 to $130.00. They now have an “outperform” rating on the stock.
• 10/24/2024 – Alexandria Real Estate Equities had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $125.00 price target on the stock, down previously from $130.00.
• 10/23/2024 – Alexandria Real Estate Equities had its price target lowered by analysts at Wedbush from $130.00 to $120.00. They now have a “neutral” rating on the stock.
• 10/23/2024 – Alexandria Real Estate Equities had its price target lowered by analysts at Evercore ISI from $129.00 to $124.00. They now have an “in-line” rating on the stock.
• 9/25/2024 – Alexandria Real Estate Equities was upgraded by analysts at BMO Capital Markets to a “hold” rating.

Alexandria Real Estate Equities Stock Performance

Shares of ARE traded up $0.70 on Wednesday, reaching $109.03. 866,644 shares of the company’s stock traded hands, compared to its average volume of 991,518. The stock’s 50 day simple moving average is $117.67 and its two-hundred day simple moving average is $118.05. Alexandria Real Estate Equities, Inc. has a 52-week low of $98.55 and a 52-week high of $135.45. The stock has a market cap of $19.05 billion, a PE ratio of 66.48, a PEG ratio of 4.05 and a beta of 1.16. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.56.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share for the quarter, missing the consensus estimate of $2.38 by ($1.42). Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The firm had revenue of $791.60 million for the quarter, compared to the consensus estimate of $766.97 million. During the same period last year, the company posted $2.26 earnings per share. Alexandria Real Estate Equities’s revenue for the quarter was up 10.9% on a year-over-year basis. On average, analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $1.30 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.20 dividend on an annualized basis and a yield of 4.77%. Alexandria Real Estate Equities’s payout ratio is currently 317.07%.

Institutional Investors Weigh In On Alexandria Real Estate Equities

A number of hedge funds have recently added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC purchased a new stake in shares of Alexandria Real Estate Equities in the 3rd quarter worth $25,000. Ashton Thomas Securities LLC bought a new position in shares of Alexandria Real Estate Equities during the 3rd quarter valued at about $30,000. UMB Bank n.a. raised its position in shares of Alexandria Real Estate Equities by 132.8% during the 2nd quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 154 shares in the last quarter. Rothschild Investment LLC purchased a new stake in shares of Alexandria Real Estate Equities during the 2nd quarter valued at about $33,000. Finally, Venturi Wealth Management LLC raised its position in shares of Alexandria Real Estate Equities by 144.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 180 shares in the last quarter. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

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.