Advisor Resource Council Acquires Shares of 2,750 Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Advisor Resource Council purchased a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,750 shares of the real estate investment trust’s stock, valued at approximately $327,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Catalyst Capital Advisors LLC purchased a new position in Alexandria Real Estate Equities in the 3rd quarter worth about $25,000. UMB Bank n.a. raised its holdings in shares of Alexandria Real Estate Equities by 132.8% during the second 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 last quarter. Rothschild Investment LLC bought a new position in Alexandria Real Estate Equities during the second quarter valued at approximately $33,000. Global X Japan Co. Ltd. purchased a new stake in Alexandria Real Estate Equities in the second quarter worth approximately $43,000. Finally, M&R Capital Management Inc. bought a new stake in Alexandria Real Estate Equities in the 3rd quarter worth approximately $50,000. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Price Performance

NYSE:ARE opened at $113.68 on Friday. The business’s 50-day moving average is $118.23 and its 200 day moving average is $118.23. Alexandria Real Estate Equities, Inc. has a 12 month low of $93.17 and a 12 month high of $135.45. The company has a market capitalization of $19.87 billion, a P/E ratio of 69.32, a P/E/G ratio of 4.23 and a beta of 1.16. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.56.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data 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). Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. The firm had revenue of $791.60 million for the quarter, compared to analysts’ expectations of $766.97 million. During the same period last year, the company earned $2.26 earnings per share. The firm’s revenue was up 10.9% on a year-over-year basis. On average, equities research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.48 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $1.30 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.57%. Alexandria Real Estate Equities’s payout ratio is currently 317.07%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Evercore ISI lowered their price target 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 lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $130.00 to $125.00 in a research report on Friday, September 13th. BMO Capital Markets upgraded shares of Alexandria Real Estate Equities to a “hold” rating in a research note on Wednesday, September 25th. JMP Securities reiterated a “market outperform” rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a research note on Tuesday, July 23rd. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $125.00 price objective (down from $130.00) on shares of Alexandria Real Estate Equities in a research report on Thursday, October 24th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price 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.