Avitas Wealth Management LLC Boosts Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Avitas Wealth Management LLC boosted its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 1.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,910 shares of the real estate investment trust’s stock after acquiring an additional 163 shares during the period. Avitas Wealth Management LLC’s holdings in Alexandria Real Estate Equities were worth $1,296,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. State of Michigan Retirement System raised its holdings in shares of Alexandria Real Estate Equities by 0.7% in the first quarter. State of Michigan Retirement System now owns 43,118 shares of the real estate investment trust’s stock worth $5,558,000 after buying an additional 300 shares during the last quarter. Norden Group LLC purchased a new position in shares of Alexandria Real Estate Equities in the first quarter worth $963,000. Advisor Resource Council purchased a new position in shares of Alexandria Real Estate Equities in the first quarter worth $253,000. First Trust Direct Indexing L.P. raised its holdings in shares of Alexandria Real Estate Equities by 20.7% in the first quarter. First Trust Direct Indexing L.P. now owns 3,131 shares of the real estate investment trust’s stock worth $404,000 after buying an additional 537 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC raised its holdings in shares of Alexandria Real Estate Equities by 176.3% in the first quarter. Legacy Wealth Asset Management LLC now owns 5,705 shares of the real estate investment trust’s stock worth $735,000 after buying an additional 3,640 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Up 1.6 %

ARE stock opened at $113.45 on Thursday. The firm’s fifty day moving average is $119.00 and its 200 day moving average is $118.39. Alexandria Real Estate Equities, Inc. has a one year low of $90.73 and a one year high of $135.45. The firm has a market cap of $19.84 billion, a PE ratio of 106.03, a P/E/G ratio of 3.99 and a beta of 1.16. 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 announced its earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.38 by ($1.42). The company had revenue of $791.60 million during the quarter, compared to analyst estimates of $766.97 million. Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter last year, the business earned $2.26 EPS. On average, research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 4.58%. The ex-dividend date was Monday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio is currently 485.98%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ARE shares. Evercore ISI cut their price objective on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 23rd. Citigroup lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $130.00 to $125.00 in a research note on Friday, September 13th. Wedbush cut their price objective on shares of Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. JMP Securities reiterated 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. Finally, BMO Capital Markets upgraded shares of Alexandria Real Estate Equities to a “hold” rating in a research note on Wednesday, September 25th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Alexandria Real Estate Equities presently has a consensus rating of “Hold” and an average price target of $131.22.

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.