Alexandria Real Estate Equities (NYSE:ARE) Sets New 12-Month Low - Here's Why

Alexandria Real Estate Equities, Inc. (NYSE:ARE - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $93.80 and last traded at $94.46, with a volume of 90115 shares trading hands. The stock had previously closed at $94.58.

Analyst Ratings Changes

Several research analysts have recently commented on ARE shares. Deutsche Bank Aktiengesellschaft downgraded Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and reduced their target price for the stock from $135.00 to $112.00 in a research note on Friday, November 15th. StockNews.com cut shares of Alexandria Real Estate Equities from a "hold" rating to a "sell" rating in a research report on Wednesday, January 29th. Wedbush reissued 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. Evercore ISI reduced their target price on shares of 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. Finally, JPMorgan Chase & Co. cut shares of Alexandria Real Estate Equities from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $133.00 to $121.00 in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $121.30.

Alexandria Real Estate Equities Price Performance

The company has a debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.21. The firm has a market cap of $16.70 billion, a P/E ratio of 53.61, a PEG ratio of 3.69 and a beta of 1.16. The company's 50-day moving average is $100.38 and its two-hundred day moving average is $110.67.

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 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. Sell-side 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. Stockholders of record on Tuesday, December 31st were issued a $1.32 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $5.28 dividend on an annualized basis and a dividend yield of 5.47%. This is a boost from Alexandria Real Estate Equities's previous quarterly dividend of $1.30. Alexandria Real Estate Equities's dividend payout ratio is 293.33%.

Alexandria Real Estate Equities announced that its Board of Directors has initiated a stock 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 repurchase up to 2.7% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's management believes its stock is undervalued.

Institutional Investors Weigh In On Alexandria Real Estate Equities

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Alexandria Real Estate Equities by 10.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,193 shares of the real estate investment trust's stock worth $374,000 after purchasing an additional 294 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in Alexandria Real Estate Equities during the 2nd quarter worth approximately $1,647,000. Park Avenue Securities LLC increased its position in Alexandria Real Estate Equities by 8.5% in the 3rd quarter. Park Avenue Securities LLC now owns 3,504 shares of the real estate investment trust's stock valued at $416,000 after acquiring an additional 275 shares during the period. Czech National Bank raised its stake in shares of Alexandria Real Estate Equities by 5.7% during the third quarter. Czech National Bank now owns 31,714 shares of the real estate investment trust's stock valued at $3,766,000 after acquiring an additional 1,721 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Alexandria Real Estate Equities by 36.0% during the third quarter. GAMMA Investing LLC now owns 1,923 shares of the real estate investment trust's stock worth $228,000 after purchasing an additional 509 shares during the period. 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.