Alexandria Real Estate Equities (NYSE:ARE) Reaches New 1-Year Low – Time to Sell?

Alexandria Real Estate Equities, Inc. (NYSE:ARE) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $76.50 and last traded at $76.79, with a volume of 160463 shares traded. The stock had previously closed at $81.28.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ARE shares. StockNews.com upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Thursday. Jefferies Financial Group assumed coverage on Alexandria Real Estate Equities in a research note on Monday, March 17th. They issued a “hold” rating and a $100.00 price target on the stock. Royal Bank of Canada decreased their price objective on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating for the company in a report on Tuesday, December 17th. JMP Securities reaffirmed a “market outperform” rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Finally, Wedbush reiterated a “neutral” rating and issued a $104.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $118.60.

Alexandria Real Estate Equities Price Performance

The business has a 50-day moving average of $96.73 and a 200 day moving average of $104.37. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $13.47 billion, a PE ratio of 43.27, a price-to-earnings-growth ratio of 3.93 and a beta of 1.24.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share for the quarter, beating the consensus estimate 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, research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $1.32 dividend. This represents a $5.28 annualized dividend and a yield of 6.78%. The ex-dividend date is Monday, March 31st. Alexandria Real Estate Equities’s dividend payout ratio is presently 293.33%.

Alexandria Real Estate Equities announced that its board has authorized a share buyback program on Monday, December 9th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the real estate investment trust to purchase up to 2.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Institutional Trading of Alexandria Real Estate Equities

Hedge funds and other institutional investors have recently modified their holdings of the business. Benjamin Edwards Inc. lifted its stake in shares of Alexandria Real Estate Equities by 64,160.0% in the third quarter. Benjamin Edwards Inc. now owns 3,213 shares of the real estate investment trust’s stock worth $382,000 after buying an additional 3,208 shares in the last quarter. IHT Wealth Management LLC bought a new position in Alexandria Real Estate Equities in the 3rd quarter valued at approximately $360,000. Quantinno Capital Management LP lifted its position in Alexandria Real Estate Equities by 84.2% in the 3rd quarter. Quantinno Capital Management LP now owns 23,927 shares of the real estate investment trust’s stock valued at $2,841,000 after acquiring an additional 10,937 shares in the last quarter. Stifel Financial Corp boosted its stake in Alexandria Real Estate Equities by 93.6% during the 3rd quarter. Stifel Financial Corp now owns 81,413 shares of the real estate investment trust’s stock valued at $9,668,000 after purchasing an additional 39,358 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of Alexandria Real Estate Equities by 96.2% in the 3rd quarter. Wellington Management Group LLP now owns 27,418 shares of the real estate investment trust’s stock worth $3,256,000 after purchasing an additional 13,447 shares in the last quarter. 96.54% of the stock is 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.