Alexandria Real Estate Equities (NYSE:ARE) PT Lowered to $120.00 at Wedbush

Alexandria Real Estate Equities (NYSE:ARE) had its price objective lowered by Wedbush from $130.00 to $120.00 in a research report report published on Wednesday morning, Benzinga reports. Wedbush currently has a neutral rating on the real estate investment trust’s stock. Wedbush also issued estimates for Alexandria Real Estate Equities’ Q1 2025 earnings at $2.26 EPS, Q2 2025 earnings at $2.32 EPS, Q3 2025 earnings at $2.37 EPS, Q4 2025 earnings at $2.41 EPS and FY2025 earnings at $9.36 EPS.

Several other equities analysts have also weighed in on ARE. BMO Capital Markets upgraded shares of Alexandria Real Estate Equities to a “hold” rating in a report on Wednesday, September 25th. Evercore ISI reduced their price objective on Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating on the stock in a research note on Wednesday. Citigroup lowered Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and lowered their target price for the company from $130.00 to $125.00 in a research note on Friday, September 13th. Jefferies Financial Group lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their price target for the stock from $136.00 to $127.00 in a research report on Friday, August 2nd. Finally, Bank of America downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $151.00 to $126.00 in a research report on Monday, July 29th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $131.22.

Alexandria Real Estate Equities Stock Performance

Shares of NYSE:ARE opened at $113.03 on Wednesday. The business has a 50-day moving average of $119.21 and a two-hundred day moving average of $118.77. The firm has a market capitalization of $19.77 billion, a PE ratio of 106.50, a P/E/G ratio of 3.99 and a beta of 1.16. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.23 and a quick ratio of 0.23. Alexandria Real Estate Equities has a 12 month low of $90.73 and a 12 month high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.38 by ($1.42). Alexandria Real Estate Equities had a return on equity of 0.68% and a net margin of 5.09%. The business had revenue of $791.60 million for the quarter, compared to analyst estimates of $766.97 million. During the same period last year, the company posted $2.26 EPS. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, research analysts forecast that Alexandria Real Estate Equities will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.60%. The ex-dividend date of this dividend was Monday, September 30th. Alexandria Real Estate Equities’s payout ratio is currently 485.98%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Alexandria Real Estate Equities by 14.1% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 281,833 shares of the real estate investment trust’s stock valued at $36,331,000 after purchasing an additional 34,854 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in Alexandria Real Estate Equities by 2.9% in the first quarter. CANADA LIFE ASSURANCE Co now owns 321,624 shares of the real estate investment trust’s stock valued at $41,482,000 after buying an additional 9,187 shares during the last quarter. Norden Group LLC bought a new stake in Alexandria Real Estate Equities in the first quarter valued at about $963,000. Vanguard Group Inc. raised its stake in Alexandria Real Estate Equities by 0.6% during the first quarter. Vanguard Group Inc. now owns 26,784,689 shares of the real estate investment trust’s stock valued at $3,452,814,000 after buying an additional 156,643 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in Alexandria Real Estate Equities by 301.6% during the 1st quarter. SG Americas Securities LLC now owns 71,743 shares of the real estate investment trust’s stock worth $9,248,000 after buying an additional 53,877 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors.

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.