Analysts Set Alexandria Real Estate Equities, Inc. (NYSE:ARE) Price Target at $97.17

Key Points

• Alexandria Real Estate Equities, Inc. (NYSE:ARE) has received an average rating of "Hold" from eleven rating firms, with nine analysts recommending a hold and two a buy.
• The company's stock has a 12-month price target of $97.17, with recent target price adjustments ranging between $74.00 and $102.00 from various analysts.
• In its latest earnings report, Alexandria Real Estate Equities beat earnings per share estimates but reported a revenue decline of 0.6% compared to the previous year, with revenue of $737.28 million.

Alexandria Real Estate Equities, Inc. (NYSE:ARE - Get Free Report) has received a consensus recommendation of "Hold" from the eleven ratings firms that are presently covering the stock, MarketBeat reports. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $97.1667.

A number of analysts have commented on the company. Citigroup decreased their price objective on Alexandria Real Estate Equities from $110.00 to $74.00 in a report on Monday, June 2nd. Royal Bank Of Canada reduced their target price on Alexandria Real Estate Equities from $100.00 to $98.00 and set a "sector perform" rating for the company in a report on Tuesday, July 29th. JPMorgan Chase & Co. reduced their target price on Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating for the company in a report on Tuesday, May 20th. Mizuho reduced their target price on Alexandria Real Estate Equities from $121.00 to $91.00 in a report on Thursday, June 12th. Finally, Baird R W reduced their target price on Alexandria Real Estate Equities from $129.00 to $102.00 in a report on Thursday, June 12th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC increased its stake in Alexandria Real Estate Equities by 23.7% in the fourth quarter. Integrated Wealth Concepts LLC now owns 2,186 shares of the real estate investment trust's stock valued at $213,000 after acquiring an additional 419 shares during the last quarter. Lido Advisors LLC increased its stake in Alexandria Real Estate Equities by 19.4% in the fourth quarter. Lido Advisors LLC now owns 5,527 shares of the real estate investment trust's stock valued at $546,000 after acquiring an additional 898 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Alexandria Real Estate Equities by 495.8% during the fourth quarter. AQR Capital Management LLC now owns 248,047 shares of the real estate investment trust's stock valued at $24,108,000 after buying an additional 206,412 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new position in shares of Alexandria Real Estate Equities during the fourth quarter valued at about $407,000. Finally, BNP Paribas Financial Markets grew its stake in shares of Alexandria Real Estate Equities by 44.9% during the fourth quarter. BNP Paribas Financial Markets now owns 630,780 shares of the real estate investment trust's stock valued at $61,533,000 after buying an additional 195,364 shares during the last quarter. Institutional investors own 96.54% of the company's stock.

Alexandria Real Estate Equities Stock Up 0.6%

ARE traded up $0.52 during midday trading on Monday, reaching $82.08. 222,885 shares of the company were exchanged, compared to its average volume of 1,569,578. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.23 and a current ratio of 0.23. The company's fifty day moving average price is $77.86 and its 200 day moving average price is $80.65. The company has a market cap of $14.20 billion, a price-to-earnings ratio of -631.46, a price-to-earnings-growth ratio of 6.92 and a beta of 1.30. Alexandria Real Estate Equities has a one year low of $67.37 and a one year high of $125.63.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $2.33 EPS for the quarter, topping analysts' consensus estimates of $2.29 by $0.04. The firm had revenue of $737.28 million during the quarter, compared to analyst estimates 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 company's revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the company posted $2.36 EPS. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. As a group, analysts expect that Alexandria Real Estate Equities will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a $1.32 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $5.28 annualized dividend and a dividend yield of 6.4%. Alexandria Real Estate Equities's dividend payout ratio is presently -4,061.54%.

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.