Alexandria Real Estate Equities (NYSE:ARE) Hits New 52-Week Low - Time to Sell?

Alexandria Real Estate Equities, Inc. (NYSE:ARE - Get Free Report)'s share price reached 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 traded. The stock had previously closed at $94.96.

Analyst Ratings Changes

ARE has been the subject of a number of research reports. Robert W. Baird reduced their price target on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an "outperform" rating for the company in a research report on Friday, November 8th. JPMorgan Chase & Co. lowered shares of Alexandria Real Estate Equities from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $133.00 to $121.00 in a research note on Wednesday, November 27th. Wedbush restated a "neutral" rating and set a $104.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Evercore ISI lowered their target price on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an "in-line" rating on the stock in a research report on Wednesday, October 23rd. Finally, Royal Bank of Canada reduced their price target on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a "sector perform" rating on the stock in a report on Tuesday, December 17th. Ten equities research 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 stock presently has an average rating of "Hold" and a consensus price target of $121.30.

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Alexandria Real Estate Equities Price Performance

The firm has a market cap of $16.42 billion, a P/E ratio of 52.70, a price-to-earnings-growth ratio of 3.67 and a beta of 1.16. 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's 50-day moving average is $98.70 and its 200-day moving average is $109.51.

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

Alexandria Real Estate Equities Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $1.32 per share. This is an increase from Alexandria Real Estate Equities's previous quarterly dividend of $1.30. This represents a $5.28 annualized dividend and a yield of 5.57%. The ex-dividend date of this dividend was Tuesday, December 31st. Alexandria Real Estate Equities's dividend payout ratio (DPR) is 293.33%.

Alexandria Real Estate Equities announced that its board has initiated a share buyback plan on Monday, December 9th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to purchase up to 2.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Hedge funds and other institutional investors have recently made changes to their positions in the company. Catalyst Capital Advisors LLC bought a new position in shares of Alexandria Real Estate Equities in the third quarter valued at $25,000. Ashton Thomas Securities LLC bought a new position in Alexandria Real Estate Equities during the third quarter worth $30,000. EverSource Wealth Advisors LLC boosted 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 worth $29,000 after purchasing an additional 109 shares during the period. Venturi Wealth Management LLC boosted its position in Alexandria Real Estate Equities by 144.0% during the third quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 180 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in Alexandria Real Estate Equities during the third quarter worth $43,000. 96.54% of the stock is owned by 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.