Alexandria Real Estate Equities (NYSE:ARE) Hits New 12-Month Low – Should You Sell?

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $93.25 and last traded at $93.79, with a volume of 41225 shares. The stock had previously closed at $94.96.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ARE. Evercore ISI cut their price objective on Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating for the company in a report on Wednesday, October 23rd. JMP Securities reiterated a “market outperform” rating and set a $130.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. JPMorgan Chase & Co. downgraded shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $133.00 to $121.00 in a research note on Wednesday, November 27th. Wedbush reaffirmed a “neutral” rating and issued a $104.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada decreased their target price on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating on the stock in a research report on Tuesday, December 17th. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $121.30.

Alexandria Real Estate Equities Stock Performance

The business’s fifty day simple moving average is $99.08 and its 200-day simple moving average is $109.83. The firm has a market cap of $16.58 billion, a P/E ratio of 53.21, a price-to-earnings-growth ratio of 3.67 and a beta of 1.16. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.55.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $1.48. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. As a group, sell-side analysts expect that Alexandria Real Estate Equities, Inc. will post 9.34 earnings per share for the current year.

Alexandria Real Estate Equities Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $1.32 dividend. The ex-dividend date was Tuesday, December 31st. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. This represents a $5.28 annualized dividend and a yield of 5.51%. Alexandria Real Estate Equities’s dividend payout ratio is 293.33%.

Alexandria Real Estate Equities announced that its Board of Directors has authorized a share repurchase plan on Monday, December 9th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to reacquire up to 2.7% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its stock is undervalued.

Institutional Trading of Alexandria Real Estate Equities

Several institutional investors and hedge funds have recently bought and sold shares of ARE. Catalyst Capital Advisors LLC bought a new position in shares of Alexandria Real Estate Equities in the 3rd quarter worth approximately $25,000. Proficio Capital Partners LLC bought a new position in Alexandria Real Estate Equities in the fourth quarter worth $29,000. EverSource Wealth Advisors LLC lifted its position in Alexandria Real Estate Equities by 57.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 109 shares during the period. Ashton Thomas Securities LLC purchased a new position in Alexandria Real Estate Equities during the third quarter valued at $30,000. Finally, Venturi Wealth Management LLC boosted its holdings in shares of Alexandria Real Estate Equities by 144.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 180 shares in the last quarter. 96.54% of the stock is currently owned by hedge funds and other 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.