2,228 Shares in Alexandria Real Estate Equities, Inc. (NYSE:ARE) Acquired by Keudell Morrison Wealth Management

Keudell Morrison Wealth Management purchased a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 2,228 shares of the real estate investment trust’s stock, valued at approximately $265,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC bought a new position in Alexandria Real Estate Equities during the third quarter valued at about $25,000. UMB Bank n.a. boosted its position in shares of Alexandria Real Estate Equities by 132.8% during 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 in the last quarter. Rothschild Investment LLC bought a new position in shares of Alexandria Real Estate Equities during the 2nd quarter valued at about $33,000. Global X Japan Co. Ltd. acquired a new position in shares of Alexandria Real Estate Equities in the 2nd quarter worth approximately $43,000. Finally, M&R Capital Management Inc. bought a new stake in shares of Alexandria Real Estate Equities in the 3rd quarter worth approximately $50,000. 96.54% of the stock is owned by institutional investors.

Alexandria Real Estate Equities Stock Up 0.3 %

Alexandria Real Estate Equities stock traded up $0.38 during mid-day trading on Thursday, hitting $113.42. The company’s stock had a trading volume of 38,440 shares, compared to its average volume of 985,613. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.20 and a quick ratio of 0.20. Alexandria Real Estate Equities, Inc. has a 52-week low of $93.17 and a 52-week high of $135.45. The firm’s 50 day moving average is $118.23 and its 200 day moving average is $118.23. The company has a market cap of $19.82 billion, a PE ratio of 68.89, a price-to-earnings-growth ratio of 4.15 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.38 by ($1.42). Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. The company had revenue of $791.60 million during the quarter, compared to analysts’ expectations of $766.97 million. During the same period last year, the company earned $2.26 earnings per share. Alexandria Real Estate Equities’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.48 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date of this dividend was Monday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 317.07%.

Analysts Set New Price Targets

A number of analysts recently weighed in on ARE shares. JMP Securities restated a “market outperform” rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a report on Tuesday, July 23rd. BMO Capital Markets raised Alexandria Real Estate Equities to a “hold” rating in a research note on Wednesday, September 25th. Evercore ISI decreased their target price on Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating on the stock in a report on Wednesday, October 23rd. Citigroup downgraded Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and reduced their target price for the company from $130.00 to $125.00 in a report on Friday, September 13th. Finally, Wedbush decreased their price target on Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Alexandria Real Estate Equities presently has an average rating of “Hold” and a consensus price target of $131.22.

Alexandria Real Estate Equities Company 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.