Whalen Wealth Management Inc. Has $689,000 Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Whalen Wealth Management Inc. lowered its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 3.6% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,801 shares of the real estate investment trust’s stock after selling 214 shares during the period. Whalen Wealth Management Inc.’s holdings in Alexandria Real Estate Equities were worth $689,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Catalyst Capital Advisors LLC acquired a new position in Alexandria Real Estate Equities during the 3rd quarter worth approximately $25,000. Ashton Thomas Securities LLC bought a new position in shares of Alexandria Real Estate Equities in the 3rd quarter worth $30,000. UMB Bank n.a. grew its position in Alexandria Real Estate Equities by 132.8% in the 2nd quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 154 shares during the period. Rothschild Investment LLC bought a new stake in Alexandria Real Estate Equities during the 2nd quarter valued at $33,000. Finally, Venturi Wealth Management LLC raised its holdings in Alexandria Real Estate Equities by 144.0% during the third quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 180 shares during the last quarter. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Price Performance

Shares of NYSE:ARE opened at $105.22 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.20 and a current ratio of 0.20. The firm has a market cap of $18.39 billion, a price-to-earnings ratio of 64.16, a P/E/G ratio of 3.95 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $102.24 and a fifty-two week high of $135.45. The firm has a fifty day moving average price of $116.84 and a 200 day moving average price of $117.75.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $2.38 by ($1.42). Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The company had revenue of $791.60 million for the quarter, compared to analysts’ expectations of $766.97 million. During the same period last year, the firm earned $2.26 earnings per share. Alexandria Real Estate Equities’s quarterly revenue was up 10.9% compared to the same quarter last year. As a group, sell-side analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $1.30 per share. The ex-dividend date was Monday, September 30th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.94%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 317.07%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ARE shares. Robert W. Baird reduced their price objective on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Jefferies Financial Group lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $136.00 to $127.00 in a report on Friday, August 2nd. Citigroup lowered Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their target price for the company from $130.00 to $125.00 in a report on Friday, September 13th. Deutsche Bank Aktiengesellschaft downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and cut their price objective for the stock from $135.00 to $112.00 in a report on Friday. Finally, Evercore ISI reduced their price objective on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating for the company in a research report on Wednesday, October 23rd. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Alexandria Real Estate Equities currently has an average rating of “Hold” and a consensus price target of $127.30.

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.