CCLA Investment Management Boosts Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

CCLA Investment Management boosted its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 0.9% in the second quarter, Holdings Channel.com reports. The firm owned 809,068 shares of the real estate investment trust’s stock after acquiring an additional 6,952 shares during the quarter. CCLA Investment Management’s holdings in Alexandria Real Estate Equities were worth $94,107,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Elo Mutual Pension Insurance Co lifted its holdings in shares of Alexandria Real Estate Equities by 2.2% in the 2nd quarter. Elo Mutual Pension Insurance Co now owns 15,420 shares of the real estate investment trust’s stock valued at $1,804,000 after buying an additional 336 shares during the period. Tredje AP fonden raised its position in Alexandria Real Estate Equities by 69.1% in the second quarter. Tredje AP fonden now owns 103,543 shares of the real estate investment trust’s stock worth $12,111,000 after acquiring an additional 42,295 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in Alexandria Real Estate Equities by 7.1% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,210 shares of the real estate investment trust’s stock valued at $492,000 after acquiring an additional 280 shares during the period. Edgestream Partners L.P. acquired a new stake in Alexandria Real Estate Equities in the second quarter valued at $1,475,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of Alexandria Real Estate Equities during the 2nd quarter worth $12,738,000. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ARE shares. Bank of America downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and cut their price target for the company from $151.00 to $126.00 in a report on Monday, July 29th. Citigroup downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and reduced their price target for the company from $130.00 to $125.00 in a research report on Friday, September 13th. JMP Securities restated a “market outperform” rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a report on Tuesday, July 23rd. Royal Bank of Canada dropped their price objective on Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating for the company in a research note on Monday, August 5th. Finally, Evercore ISI boosted their target price 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, August 28th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $130.70.

Alexandria Real Estate Equities Stock Performance

Alexandria Real Estate Equities stock opened at $124.01 on Wednesday. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $90.73 and a fifty-two week high of $135.45. The company has a market capitalization of $21.69 billion, a price-to-earnings ratio of 115.90, a PEG ratio of 4.20 and a beta of 1.16. The stock has a fifty day moving average of $118.90 and a two-hundred day moving average of $119.85. 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 (NYSE:ARE) last posted its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $2.34 by ($2.09). The company had revenue of $766.70 million for the quarter, compared to analysts’ expectations of $775.03 million. Alexandria Real Estate Equities had a return on equity of 0.68% and a net margin of 5.09%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.24 EPS. On average, analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 4.19%. The ex-dividend date is Monday, September 30th. Alexandria Real Estate Equities’s payout ratio is 485.98%.

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.