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

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) hit a new 52-week low during mid-day trading 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.

ARE has been the subject of a number of other reports. Zacks Research downgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating in a report on Thursday, November 6th. Evercore ISI cut their price target on shares of Alexandria Real Estate Equities from $104.00 to $74.00 in a report on Friday, October 31st. JPMorgan Chase & Co. lowered their price objective on Alexandria Real Estate Equities from $95.00 to $65.00 in a research report on Monday, November 3rd. Weiss Ratings reiterated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a report on Wednesday, October 8th. Finally, Cantor Fitzgerald reduced their price target on Alexandria Real Estate Equities from $79.00 to $52.00 and set a “neutral” rating for the company in a research report on Tuesday, October 28th. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $81.71.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Russell Investments Group Ltd. lifted its position in Alexandria Real Estate Equities by 50.6% during the third quarter. Russell Investments Group Ltd. now owns 195,957 shares of the real estate investment trust’s stock worth $16,332,000 after acquiring an additional 65,829 shares during the last quarter. Private Advisor Group LLC bought a new position in shares of Alexandria Real Estate Equities in the 3rd quarter worth $425,000. B. Metzler seel. Sohn & Co. AG grew its holdings in Alexandria Real Estate Equities by 22.1% in the 3rd quarter. B. Metzler seel. Sohn & Co. AG now owns 56,405 shares of the real estate investment trust’s stock worth $4,701,000 after acquiring an additional 10,202 shares during the last quarter. Natixis Advisors LLC boosted its holdings in shares of Alexandria Real Estate Equities by 15.0% during the 3rd quarter. Natixis Advisors LLC now owns 157,493 shares of the real estate investment trust’s stock valued at $13,125,000 after buying an additional 20,589 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in Alexandria Real Estate Equities by 62.1% in the 3rd quarter. First Trust Advisors LP now owns 218,733 shares of the real estate investment trust’s stock worth $18,229,000 after buying an additional 83,778 shares in the last quarter. 96.54% of the stock is owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Stock Down 2.5%

The company’s 50-day moving average price is $75.21 and its 200 day moving average price is $75.13. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.23 and a current ratio of 0.24. The stock has a market capitalization of $9.06 billion, a P/E ratio of -21.28, a P/E/G ratio of 5.06 and a beta of 1.29.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $2.22 earnings per share for the quarter, missing the consensus estimate of $2.31 by ($0.09). Alexandria Real Estate Equities had a negative net margin of 13.43% and a negative return on equity of 1.89%. The business had revenue of $751.94 million during the quarter, compared to analysts’ expectations of $752.90 million. During the same quarter in the prior year, the firm earned $2.37 EPS. Alexandria Real Estate Equities’s revenue for the quarter 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. As a group, equities analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a yield of 10.1%. The ex-dividend date of this dividend was Tuesday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio is presently -213.77%.

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.