Alexandria Real Estate Equities, Inc. (NYSE:ARE) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Alexandria Real Estate Equities, Inc. has received a consensus recommendation of "Hold" from analysts, with six affirming this and four issuing a buy rating.
• The average 1-year target price set by brokerages is $98.38, although some analysts have significantly lowered their price objectives for the stock recently.
• The company declared a quarterly dividend of $1.32 per share, resulting in an annualized dividend yield of 6.3% for shareholders.

Alexandria Real Estate Equities, Inc. (NYSE:ARE - Get Free Report) has received an average recommendation of "Hold" from the ten brokerages that are currently covering the company, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $98.3846.

Several analysts recently weighed in on the stock. Mizuho cut their price objective on shares of Alexandria Real Estate Equities from $121.00 to $91.00 in a research report on Thursday, June 12th. Royal Bank Of Canada cut their price objective on shares of 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. Citigroup cut their price objective on shares of Alexandria Real Estate Equities from $110.00 to $74.00 in a research report on Monday, June 2nd. Baird R W cut their price objective on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a research report on Thursday, June 12th. Finally, BMO Capital Markets assumed coverage on shares of Alexandria Real Estate Equities in a research report on Tuesday. They issued an "outperform" rating and a $100.00 price objective on the stock.

Institutional Trading of Alexandria Real Estate Equities

A number of hedge funds and other institutional investors have recently made changes to their positions in ARE. Toronto Dominion Bank raised its position in shares of Alexandria Real Estate Equities by 8.0% during the 4th quarter. Toronto Dominion Bank now owns 83,423 shares of the real estate investment trust's stock worth $8,138,000 after buying an additional 6,166 shares in the last quarter. Jefferies Financial Group Inc. raised its position in shares of Alexandria Real Estate Equities by 4.5% during the 4th quarter. Jefferies Financial Group Inc. now owns 5,380 shares of the real estate investment trust's stock worth $525,000 after buying an additional 234 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Alexandria Real Estate Equities during the 4th quarter worth about $8,608,000. Wealth Enhancement Advisory Services LLC raised its position in shares of Alexandria Real Estate Equities by 146.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,236 shares of the real estate investment trust's stock worth $1,096,000 after buying an additional 6,686 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Alexandria Real Estate Equities by 33.9% during the 4th quarter. Wellington Management Group LLP now owns 36,713 shares of the real estate investment trust's stock worth $3,581,000 after buying an additional 9,295 shares in the last quarter. 96.54% of the stock is currently owned by institutional investors.

Alexandria Real Estate Equities Trading Down 2.0%

Alexandria Real Estate Equities stock opened at $84.17 on Friday. The firm's 50-day moving average is $80.63 and its 200-day moving average is $79.13. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.23 and a current ratio of 0.23. Alexandria Real Estate Equities has a 1 year low of $67.37 and a 1 year high of $125.51. The company has a market cap of $14.56 billion, a P/E ratio of -647.42, a PEG ratio of 7.21 and a beta of 1.30.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.29 by $0.04. Alexandria Real Estate Equities had a negative net margin of 0.33% and a negative return on equity of 0.05%. The company had revenue of $737.28 million for the quarter, compared to the consensus estimate of $748.02 million. During the same period last year, the firm posted $2.36 EPS. The company's revenue for the quarter was down .6% on a year-over-year basis. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. On average, equities analysts expect that Alexandria Real Estate Equities will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Tuesday, September 30th. 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.

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