Socorro Asset Management LP Raises Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Socorro Asset Management LP raised its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 0.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 79,041 shares of the real estate investment trust’s stock after acquiring an additional 195 shares during the quarter. Alexandria Real Estate Equities makes up 3.6% of Socorro Asset Management LP’s portfolio, making the stock its 9th biggest position. Socorro Asset Management LP’s holdings in Alexandria Real Estate Equities were worth $9,386,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ARE. Catalyst Capital Advisors LLC acquired a new stake in shares of Alexandria Real Estate Equities in the 3rd quarter valued at about $25,000. Ashton Thomas Securities LLC acquired a new stake in Alexandria Real Estate Equities in the 3rd quarter valued at $30,000. UMB Bank n.a. increased its stake in 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 acquired a new position in Alexandria Real Estate Equities during the second quarter worth $33,000. Finally, Venturi Wealth Management LLC lifted its stake in shares of Alexandria Real Estate Equities by 144.0% in the third quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 180 shares in the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ARE. Citigroup lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $130.00 to $125.00 in a report on Friday, September 13th. BMO Capital Markets upgraded Alexandria Real Estate Equities to a “hold” rating in a report on Wednesday, September 25th. Wedbush lowered 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. Royal Bank of Canada reiterated a “sector perform” rating and issued a $125.00 target price (down previously from $130.00) on shares of Alexandria Real Estate Equities in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. downgraded shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $133.00 to $121.00 in a research report on Wednesday. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Alexandria Real Estate Equities currently has an average rating of “Hold” and a consensus target price of $126.73.

Alexandria Real Estate Equities Trading Down 0.3 %

Shares of ARE stock opened at $110.23 on Friday. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.56. The firm has a market cap of $19.26 billion, a P/E ratio of 67.21, a PEG ratio of 4.14 and a beta of 1.16. The company has a 50 day moving average of $114.35 and a 200-day moving average of $117.02. Alexandria Real Estate Equities, Inc. has a 12-month low of $102.89 and a 12-month high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last released its 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 firm had revenue of $791.60 million during the quarter, compared to analysts’ expectations of $766.97 million. During the same period in the prior year, the business earned $2.26 earnings per share. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. Sell-side analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 4.72%. The ex-dividend date was Monday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 317.07%.

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.