2,750 Shares in Alexandria Real Estate Equities, Inc. (NYSE:ARE) Acquired by Advisor Resource Council

Advisor Resource Council acquired a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,750 shares of the real estate investment trust’s stock, valued at approximately $327,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ARE. Catalyst Capital Advisors LLC purchased a new position in shares of Alexandria Real Estate Equities during the third quarter worth approximately $25,000. UMB Bank n.a. lifted its stake in Alexandria Real Estate Equities by 132.8% in the second quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 154 shares during the last quarter. Rothschild Investment LLC bought a new position in shares of Alexandria Real Estate Equities during the second quarter valued at about $33,000. Global X Japan Co. Ltd. purchased a new position in shares of Alexandria Real Estate Equities in the second quarter worth about $43,000. Finally, M&R Capital Management Inc. bought a new stake in shares of Alexandria Real Estate Equities in the 3rd quarter valued at about $50,000. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Evercore ISI decreased 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 research note on Wednesday, October 23rd. Bank of America downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $151.00 to $126.00 in a research note on Monday, July 29th. Citigroup lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and cut their price target for the stock from $130.00 to $125.00 in a report on Friday, September 13th. Wedbush lowered their price objective on shares of Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $125.00 target price (down from $130.00) on shares of Alexandria Real Estate Equities in a research note on Thursday, October 24th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $131.22.

Alexandria Real Estate Equities Price Performance

Shares of ARE stock opened at $113.68 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 stock has a market cap of $19.87 billion, a price-to-earnings ratio of 69.32, a PEG ratio of 4.23 and a beta of 1.16. The business’s fifty day moving average is $118.23 and its 200 day moving average is $118.23. Alexandria Real Estate Equities, Inc. has a twelve month low of $93.17 and a twelve month high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results 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 business had revenue of $791.60 million during the quarter, compared to the consensus estimate of $766.97 million. During the same quarter in the previous year, the business earned $2.26 earnings per share. The firm’s revenue was up 10.9% compared to the same quarter last year. Research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.48 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently disclosed 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 yield of 4.57%. The ex-dividend date of this dividend was Monday, September 30th. Alexandria Real Estate Equities’s payout ratio is 317.07%.

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.