Alexandria Real Estate Equities (NYSE:ARE) Sets New 52-Week Low - Here's Why

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Get Free Report) hit a new 52-week low during trading on Monday . The company 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

ARE has been the subject of a number of analyst reports. StockNews.com upgraded shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. Jefferies Financial Group assumed coverage on Alexandria Real Estate Equities in a research report on Monday, March 17th. They set a "hold" rating and a $100.00 target price for the company. JMP Securities reiterated a "market outperform" rating and issued a $130.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Wedbush reissued a "neutral" rating and set a $104.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Finally, Royal Bank of Canada reduced 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 note on Tuesday, December 17th. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $118.60.

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Alexandria Real Estate Equities Price Performance

The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $13.29 billion, a price-to-earnings ratio of 42.68, a P/E/G ratio of 3.93 and a beta of 1.24. The business's 50 day simple moving average is $94.08 and its 200-day simple moving average is $102.44.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $2.39 EPS for the quarter, topping 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%. On average, research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $1.32 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $5.28 annualized dividend and a dividend yield of 6.87%. Alexandria Real Estate Equities's dividend payout ratio is 293.33%.

Hedge Funds Weigh In On Alexandria Real Estate Equities

A number of hedge funds have recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new stake in shares of Alexandria Real Estate Equities during the 4th quarter worth approximately $29,000. EverSource Wealth Advisors LLC grew its holdings in Alexandria Real Estate Equities by 57.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 109 shares during the period. Colonial Trust Co SC increased its stake in Alexandria Real Estate Equities by 514.3% in the fourth quarter. Colonial Trust Co SC now owns 301 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 252 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Alexandria Real Estate Equities in the third quarter valued at $43,000. Finally, Cary Street Partners Financial LLC acquired a new position in shares of Alexandria Real Estate Equities during the fourth quarter valued at about $50,000. Institutional investors own 96.54% of the company's stock.

Alexandria Real Estate Equities Company Profile

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.