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

Alexandria Real Estate Equities, Inc. (NYSE:ARE - Get Free Report) hit a new 52-week low on Monday . The company traded as low as $93.19 and last traded at $93.41, with a volume of 108311 shares. The stock had previously closed at $94.28.

Wall Street Analysts Forecast Growth

ARE has been the topic of several recent research reports. Royal Bank of Canada lowered their price objective on 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. Wedbush reiterated a "neutral" rating and issued a $104.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. JMP Securities restated 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. StockNews.com upgraded Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research report on Thursday. Finally, Jefferies Financial Group initiated coverage on shares of Alexandria Real Estate Equities in a research report on Monday, March 17th. They set a "hold" rating and a $100.00 price objective for the company. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $118.60.

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Alexandria Real Estate Equities Stock Performance

The stock has a market capitalization of $14.31 billion, a P/E ratio of 45.97, a price-to-earnings-growth ratio of 3.93 and a beta of 1.24. 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 company has a 50-day moving average price of $97.14 and a two-hundred day moving average price of $104.95.

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

Alexandria Real Estate Equities Announces Dividend

The business 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 6.39%. The ex-dividend date is Monday, March 31st. Alexandria Real Estate Equities's dividend payout ratio (DPR) is currently 293.33%.

Alexandria Real Estate Equities announced that its Board of Directors has approved a stock buyback plan on Monday, December 9th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the real estate investment trust to repurchase up to 2.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Townsquare Capital LLC raised its position in shares of Alexandria Real Estate Equities by 24.2% during the third quarter. Townsquare Capital LLC now owns 2,801 shares of the real estate investment trust's stock worth $333,000 after purchasing an additional 545 shares during the period. Captrust Financial Advisors lifted its stake in shares of Alexandria Real Estate Equities by 6.7% in the third quarter. Captrust Financial Advisors now owns 15,498 shares of the real estate investment trust's stock valued at $1,840,000 after buying an additional 969 shares in the last quarter. Verition Fund Management LLC increased its position in shares of Alexandria Real Estate Equities by 408.4% during the third quarter. Verition Fund Management LLC now owns 28,667 shares of the real estate investment trust's stock worth $3,404,000 after acquiring an additional 23,028 shares in the last quarter. Erste Asset Management GmbH bought a new position in Alexandria Real Estate Equities in the 3rd quarter valued at about $249,000. Finally, Benjamin Edwards Inc. increased its holdings in Alexandria Real Estate Equities by 64,160.0% during the 3rd quarter. Benjamin Edwards Inc. now owns 3,213 shares of the real estate investment trust's stock worth $382,000 after purchasing an additional 3,208 shares in the last quarter. 96.54% of the stock is owned by institutional investors and hedge funds.

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.