JPMorgan Chase & Co. Cuts Alexandria Real Estate Equities (NYSE:ARE) Price Target to $63.00

Alexandria Real Estate Equities (NYSE:AREFree Report) had its price target decreased by JPMorgan Chase & Co. from $65.00 to $63.00 in a research report report published on Wednesday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the real estate investment trust’s stock.

Several other analysts also recently commented on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Alexandria Real Estate Equities from $83.00 to $45.00 and set a “hold” rating on the stock in a report on Friday, December 19th. Royal Bank Of Canada lowered their price target on shares of Alexandria Real Estate Equities from $98.00 to $65.00 and set a “sector perform” rating on the stock in a report on Monday, November 3rd. BMO Capital Markets set a $60.00 price target on Alexandria Real Estate Equities in a research report on Thursday, December 4th. BNP Paribas cut Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating and set a $82.00 price objective for the company. in a report on Wednesday, October 1st. Finally, Zacks Research lowered Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating in a report on Thursday, November 6th. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $67.13.

View Our Latest Stock Analysis on ARE

Alexandria Real Estate Equities Stock Up 1.2%

Alexandria Real Estate Equities stock opened at $57.95 on Wednesday. The business’s 50-day simple moving average is $50.56 and its two-hundred day simple moving average is $68.04. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.24 and a current ratio of 0.24. The company has a market cap of $10.01 billion, a PE ratio of -23.46, a PEG ratio of 6.92 and a beta of 1.31. Alexandria Real Estate Equities has a fifty-two week low of $44.10 and a fifty-two week high of $105.14.

Alexandria Real Estate Equities (NYSE:AREGet Free Report) last released its earnings results on Monday, October 27th. The real estate investment trust reported $2.22 EPS for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.09). The firm had revenue of $751.94 million for the quarter, compared to analyst estimates of $752.90 million. Alexandria Real Estate Equities had a negative return on equity of 1.89% and a negative net margin of 13.43%.The company’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period last year, the firm earned $2.37 EPS. Alexandria Real Estate Equities has set its FY 2025 guidance at 8.980-9.040 EPS. Equities analysts anticipate that Alexandria Real Estate Equities will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 5.0%. The ex-dividend date was Wednesday, December 31st. Alexandria Real Estate Equities’s payout ratio is currently -116.60%.

Alexandria Real Estate Equities declared that its Board of Directors has authorized a stock buyback plan on Monday, December 8th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the real estate investment trust to reacquire up to 6.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, Director Sheila K. Mcgrath acquired 3,100 shares of the company’s stock in a transaction on Wednesday, December 10th. The shares were bought at an average cost of $45.60 per share, with a total value of $141,360.00. Following the completion of the acquisition, the director owned 8,392 shares in the company, valued at approximately $382,675.20. This trade represents a 58.58% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.08% of the company’s stock.

Institutional Inflows and Outflows

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

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Alexandria Real Estate Equities Company Profile

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Alexandria Real Estate Equities, Inc (NYSE: ARE) is a real estate investment trust specializing in the ownership, development and management of collaborative life science and technology campuses. The company’s properties are designed to support research and innovation by providing specialized laboratory, office and manufacturing space tailored to biotechnology, pharmaceutical, academic and related industries.

Since its founding in 1994, Alexandria has cultivated a diversified portfolio of campuses across leading innovation clusters in North America and Europe.

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