Alexandria Real Estate Equities (NYSE:ARE) Downgraded to Neutral at Wedbush

Wedbush lowered shares of Alexandria Real Estate Equities (NYSE:ARE) from an outperform rating to a neutral rating in a research note published on Wednesday, MarketBeat Ratings reports. Wedbush currently has $130.00 price target on the real estate investment trust’s stock, down from their prior price target of $140.00. Wedbush also issued estimates for Alexandria Real Estate Equities’ Q4 2024 earnings at $2.36 EPS, Q1 2025 earnings at $2.34 EPS, Q2 2025 earnings at $2.41 EPS, Q3 2025 earnings at $2.48 EPS, Q4 2025 earnings at $2.55 EPS and FY2025 earnings at $9.78 EPS.

A number of other research analysts also recently issued reports on the company. JMP Securities reiterated a market outperform rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a research note on Tuesday, July 23rd. Evercore ISI boosted their price target on Alexandria Real Estate Equities from $132.00 to $133.00 and gave the stock an outperform rating in a report on Tuesday, July 16th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $133.71.

Alexandria Real Estate Equities Price Performance

NYSE ARE opened at $118.92 on Wednesday. Alexandria Real Estate Equities has a one year low of $90.73 and a one year high of $135.45. The stock has a 50-day moving average of $118.62 and a 200 day moving average of $120.89. The company has a market capitalization of $20.80 billion, a price-to-earnings ratio of 111.14, a PEG ratio of 2.91 and a beta of 1.15. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.30 and a current ratio of 0.23.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.34 by ($2.09). The firm had revenue of $766.70 million for the quarter, compared to the consensus estimate of $775.03 million. Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.24 earnings per share. On average, sell-side analysts forecast that Alexandria Real Estate Equities will post 9.49 EPS for the current year.

Alexandria Real Estate Equities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a $1.30 dividend. The ex-dividend date of this dividend was Friday, June 28th. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. This represents a $5.20 dividend on an annualized basis and a yield of 4.37%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 485.99%.

Insiders Place Their Bets

In other Alexandria Real Estate Equities news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of the stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $4.21, for a total value of $631,500.00. Following the sale, the insider now owns 6,005,077 shares in the company, valued at $25,281,374.17. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.15% of the company’s stock.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Several institutional investors have recently made changes to their positions in ARE. Norges Bank purchased a new position in shares of Alexandria Real Estate Equities during the fourth quarter valued at $2,086,085,000. M&G Plc purchased a new position in Alexandria Real Estate Equities in the first quarter valued at about $204,001,000. Jennison Associates LLC grew its stake in Alexandria Real Estate Equities by 180.3% in the fourth quarter. Jennison Associates LLC now owns 1,010,943 shares of the real estate investment trust’s stock valued at $128,157,000 after purchasing an additional 650,248 shares during the last quarter. Russell Investments Group Ltd. grew its stake in Alexandria Real Estate Equities by 153.0% in the first quarter. Russell Investments Group Ltd. now owns 777,345 shares of the real estate investment trust’s stock valued at $100,205,000 after purchasing an additional 470,076 shares during the last quarter. Finally, DAVENPORT & Co LLC purchased a new position in Alexandria Real Estate Equities in the first quarter valued at about $55,075,000. Hedge funds and other 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.