Fort Washington Investment Advisors Inc. OH Buys 318 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Fort Washington Investment Advisors Inc. OH grew its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 0.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 483,885 shares of the real estate investment trust’s stock after buying an additional 318 shares during the period. Fort Washington Investment Advisors Inc. OH owned approximately 0.28% of Alexandria Real Estate Equities worth $56,600,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Taylor Frigon Capital Management LLC lifted its holdings in Alexandria Real Estate Equities by 13.2% in the 2nd quarter. Taylor Frigon Capital Management LLC now owns 18,370 shares of the real estate investment trust’s stock worth $2,149,000 after purchasing an additional 2,136 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Alexandria Real Estate Equities by 132.8% in the second quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 154 shares during the last quarter. Arkadios Wealth Advisors bought a new stake in shares of Alexandria Real Estate Equities during the 2nd quarter worth $314,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Alexandria Real Estate Equities by 4.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 44,548 shares of the real estate investment trust’s stock worth $5,211,000 after buying an additional 1,723 shares during the period. Finally, Whittier Trust Co. grew its stake in Alexandria Real Estate Equities by 4.5% in the 2nd quarter. Whittier Trust Co. now owns 81,973 shares of the real estate investment trust’s stock valued at $9,588,000 after buying an additional 3,503 shares during the last quarter. Institutional investors own 96.54% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $4.21, for a total value of $631,500.00. Following the sale, the insider now owns 6,005,077 shares of the company’s stock, valued at approximately $25,281,374.17. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Bank of America lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and cut their target price for the stock from $151.00 to $126.00 in a research report on Monday, July 29th. Wedbush downgraded Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $140.00 to $130.00 in a research note on Wednesday, July 24th. Evercore ISI lifted their price target on Alexandria Real Estate Equities from $126.00 to $127.00 and gave the stock an “in-line” rating in a research report on Wednesday. Jefferies Financial Group lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and cut their price target for the stock from $136.00 to $127.00 in a report on Friday, August 2nd. Finally, JMP Securities restated a “market outperform” rating and issued a $140.00 price objective on shares of Alexandria Real Estate Equities in a research note on Tuesday, July 23rd. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Alexandria Real Estate Equities presently has a consensus rating of “Hold” and a consensus target price of $131.33.

Alexandria Real Estate Equities Stock Performance

Shares of NYSE:ARE traded up $1.75 during trading on Friday, hitting $119.57. 1,029,472 shares of the stock were exchanged, compared to its average volume of 919,403. The company has a market capitalization of $20.91 billion, a price-to-earnings ratio of 111.75, a price-to-earnings-growth ratio of 4.00 and a beta of 1.15. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.23 and a current ratio of 0.23. Alexandria Real Estate Equities, Inc. has a 1-year low of $90.73 and a 1-year high of $135.45. The company’s fifty day simple moving average is $118.05 and its 200-day simple moving average is $119.82.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $2.34 by ($2.09). The business had revenue of $766.70 million for the quarter, compared to analyst estimates of $775.03 million. Alexandria Real Estate Equities had a return on equity of 0.68% and a net margin of 5.09%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.24 EPS. Sell-side analysts expect that Alexandria Real Estate Equities, Inc. will post 9.48 EPS for the current fiscal year.

Alexandria Real Estate Equities Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 4.35%. The ex-dividend date of this dividend was Friday, June 28th. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. Alexandria Real Estate Equities’s dividend payout ratio is 485.98%.

Alexandria Real Estate Equities 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.