Alexandria Real Estate Equities (NYSE:ARE) Given New $50.00 Price Target at BNP Paribas Exane

Alexandria Real Estate Equities (NYSE:ARE) had its target price trimmed by BNP Paribas Exane from $72.00 to $50.00 in a research note published on Thursday morning,MarketScreener reports. The brokerage currently has an underperform rating on the real estate investment trust’s stock.

A number of other research firms have also weighed in on ARE. Royal Bank Of Canada cut their target price on shares of Alexandria Real Estate Equities from $98.00 to $65.00 and set a “sector perform” rating for the company in a report on Monday, November 3rd. Robert W. Baird lowered their price target on shares of Alexandria Real Estate Equities from $73.00 to $67.00 and set an “outperform” rating for the company in a report on Thursday. Weiss Ratings reissued a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research note on Wednesday, October 8th. Evercore ISI lowered their price objective on Alexandria Real Estate Equities from $72.00 to $64.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, BNP Paribas lowered Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating and set a $82.00 price target on the stock. in a report on Wednesday, October 1st. Four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $72.43.

Alexandria Real Estate Equities Price Performance

ARE stock traded up $0.36 during midday trading on Thursday, hitting $46.95. The company’s stock had a trading volume of 167,571 shares, compared to its average volume of 1,805,162. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.65. Alexandria Real Estate Equities has a 12 month low of $45.92 and a 12 month high of $107.19. The company has a 50 day moving average of $64.36 and a two-hundred day moving average of $72.70. The firm has a market capitalization of $8.11 billion, a price-to-earnings ratio of -18.99, a price-to-earnings-growth ratio of 4.17 and a beta of 1.32.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $2.22 EPS 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 company had revenue of $751.94 million for the quarter, compared to the consensus estimate of $752.90 million. During the same period last year, the company earned $2.37 EPS. The firm’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. On average, analysts expect that Alexandria Real Estate Equities will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be issued a dividend of $0.72 per share. The ex-dividend date is Wednesday, December 31st. This represents a $2.88 dividend on an annualized basis and a yield of 6.1%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently -213.77%.

Hedge Funds Weigh In On Alexandria Real Estate Equities

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Sound Income Strategies LLC purchased a new position in shares of Alexandria Real Estate Equities during the 2nd quarter valued at approximately $25,000. Avalon Trust Co bought a new stake in shares of Alexandria Real Estate Equities in the 3rd quarter worth about $29,000. Cornerstone Planning Group LLC lifted its position in shares of Alexandria Real Estate Equities by 5,916.7% during the third quarter. Cornerstone Planning Group LLC now owns 361 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 355 shares during the last quarter. BOKF NA increased its holdings in Alexandria Real Estate Equities by 6,033.3% in the third quarter. BOKF NA now owns 368 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 362 shares during the last quarter. Finally, Loomis Sayles & Co. L P acquired a new stake in Alexandria Real Estate Equities during the second quarter valued at approximately $27,000. Institutional investors own 96.54% of the company’s stock.

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.