Alexandria Real Estate Equities, Inc. (NYSE:ARE) Receives $98.38 Consensus Target Price from Analysts

Alexandria Real Estate Equities, Inc. (NYSE:ARE) has earned a consensus rating of “Hold” from the twelve analysts that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $96.60.

Several research firms have weighed in on ARE. Mizuho dropped their price objective on shares of Alexandria Real Estate Equities from $121.00 to $91.00 in a research note on Thursday, June 12th. BNP Paribas lowered 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 report on Wednesday. BNP Paribas Exane reissued an “underperform” rating on shares of Alexandria Real Estate Equities in a research report on Wednesday. Royal Bank Of Canada dropped their target price on Alexandria Real Estate Equities from $100.00 to $98.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 29th. Finally, Cantor Fitzgerald set a $88.00 price target on Alexandria Real Estate Equities and gave the stock a “neutral” rating in a research note on Wednesday.

Institutional Investors Weigh In On Alexandria Real Estate Equities

Large investors have recently bought and sold shares of the business. GAMMA Investing LLC increased its position in Alexandria Real Estate Equities by 197.8% during the third quarter. GAMMA Investing LLC now owns 2,213 shares of the real estate investment trust’s stock worth $184,000 after buying an additional 1,470 shares during the last quarter. Osaic Holdings Inc. lifted its position in shares of Alexandria Real Estate Equities by 2.4% in the second quarter. Osaic Holdings Inc. now owns 54,983 shares of the real estate investment trust’s stock worth $3,995,000 after buying an additional 1,299 shares during the last quarter. Centaurus Financial Inc. bought a new stake in shares of Alexandria Real Estate Equities during the 2nd quarter worth about $125,000. Orion Porfolio Solutions LLC increased its holdings in shares of Alexandria Real Estate Equities by 16.5% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 3,276 shares of the real estate investment trust’s stock valued at $238,000 after acquiring an additional 465 shares during the last quarter. Finally, TT Capital Management LLC raised its stake in shares of Alexandria Real Estate Equities by 35.5% in the 2nd quarter. TT Capital Management LLC now owns 60,843 shares of the real estate investment trust’s stock valued at $4,419,000 after acquiring an additional 15,947 shares in the last quarter. 96.54% of the stock is currently owned by institutional investors.

Alexandria Real Estate Equities Stock Performance

Shares of ARE stock opened at $83.64 on Friday. The company has a market capitalization of $14.47 billion, a price-to-earnings ratio of -643.35, a P/E/G ratio of 7.01 and a beta of 1.31. Alexandria Real Estate Equities has a 1-year low of $67.37 and a 1-year high of $123.10. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.61. The stock’s fifty day simple moving average is $80.95 and its 200-day simple moving average is $78.61.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.04. The company had revenue of $737.28 million for the quarter, compared to analysts’ expectations of $748.02 million. Alexandria Real Estate Equities had a negative return on equity of 0.05% and a negative net margin of 0.33%.The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.36 EPS. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. On average, sell-side analysts predict that Alexandria Real Estate Equities will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a $1.32 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $5.28 dividend on an annualized basis and a yield of 6.3%. Alexandria Real Estate Equities’s payout ratio is -4,061.54%.

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.