Wahed Invest LLC Has $499,000 Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Wahed Invest LLC raised its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 11.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,205 shares of the real estate investment trust’s stock after buying an additional 434 shares during the quarter. Wahed Invest LLC’s holdings in Alexandria Real Estate Equities were worth $499,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. State Street Corp boosted its position in shares of Alexandria Real Estate Equities by 1.1% during the third quarter. State Street Corp now owns 10,585,038 shares of the real estate investment trust’s stock worth $1,270,634,000 after purchasing an additional 112,864 shares in the last quarter. Stifel Financial Corp raised its stake in Alexandria Real Estate Equities by 93.6% during the 3rd quarter. Stifel Financial Corp now owns 81,413 shares of the real estate investment trust’s stock worth $9,668,000 after buying an additional 39,358 shares during the period. Quadrature Capital Ltd bought a new position in Alexandria Real Estate Equities during the third quarter worth about $1,228,000. Quantinno Capital Management LP grew its stake in Alexandria Real Estate Equities by 84.2% in the third quarter. Quantinno Capital Management LP now owns 23,927 shares of the real estate investment trust’s stock valued at $2,841,000 after acquiring an additional 10,937 shares during the period. Finally, Motley Fool Asset Management LLC increased its holdings in shares of Alexandria Real Estate Equities by 1.7% in the third quarter. Motley Fool Asset Management LLC now owns 30,592 shares of the real estate investment trust’s stock worth $3,583,000 after acquiring an additional 504 shares in the last quarter. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Down 1.5 %

ARE stock opened at $103.80 on Friday. The company has a market cap of $18.14 billion, a price-to-earnings ratio of 63.29, a P/E/G ratio of 4.05 and a beta of 1.14. Alexandria Real Estate Equities, Inc. has a twelve month low of $102.89 and a twelve month high of $135.45. The business has a 50 day moving average price of $113.06 and a two-hundred day moving average price of $116.59. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.56.

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 for the quarter, missing the consensus estimate 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 firm had revenue of $791.60 million during the quarter, compared to the consensus estimate of $766.97 million. During the same period in the prior year, the business posted $2.26 earnings per share. Alexandria Real Estate Equities’s quarterly revenue was up 10.9% compared to the same quarter last year. Analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. lowered Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $133.00 to $121.00 in a research report on Wednesday, November 27th. Wedbush reiterated an “outperform” rating and issued a $110.00 price target (down previously from $120.00) on shares of Alexandria Real Estate Equities in a report on Friday. Deutsche Bank Aktiengesellschaft lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $135.00 to $112.00 in a report on Friday, November 15th. Evercore ISI reduced their target price 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 note on Wednesday, October 23rd. Finally, JMP Securities dropped their price target on Alexandria Real Estate Equities from $140.00 to $130.00 and set a “market outperform” rating on the stock in a research note on Friday, November 15th. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Alexandria Real Estate Equities currently has a consensus rating of “Hold” and a consensus price target of $125.82.

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.