Shares of Real Estate sector company Alexandria Real Estate Equities moved 8.0% today, and are now trading at a price of $118.14. The large-cap stock's daily volume was 3,033,254 compared to its average volume of 1,232,987. The S&P 500 index returned a 1.0% performance.
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. The company is based in Pasadena and has 593 full time employees. Its market capitalization is $20,529,778,688. Alexandria Real Estate Equities currently offers its equity investors a dividend that yields 4.5% per year.
12 analysts are following Alexandria Real Estate Equities and have set target prices ranging from $108.0 to $186.0 per share. On average, they have given the company a rating of buy. At today's prices, ARE is trading -11.12% away from its average analyst target price of $132.92 per share.
Over the last year, ARE shares have gone down by -22.0%, which represents a difference of -36.0% when compared to the S&P 500. The stock's 52 week high is $172.65 per share and its 52 week low is $90.73. Alexandria Real Estate Equities has averaged free cash flows of $-1089002833.3 over the last 6 years, with a mean growth rate of -33.1%. It is likely that the stock will keep following its current negative performance trend while the underlying business is experiencing such poor cash flows.
| Date Reported | Cash Flow from Operations ($ k) | Capital expenditures ($ k) | Free Cash Flow ($ k) | YoY Growth (%) |
|---|---|---|---|---|
| 2023 | 1,603,096 | 3,584,295 | -1,981,199 | 1.58 |
| 2022 | 1,294,321 | 3,307,313 | -2,012,992 | -86.45 |
| 2021 | 1,010,197 | 2,089,849 | -1,079,652 | -91.88 |
| 2020 | 882,510 | 1,445,171 | -562,661 | -4.06 |
| 2019 | 683,857 | 1,224,541 | -540,684 | -51.52 |
| 2018 | 570,339 | 927,168 | -356,829 |
