Brooklyn Investment Group Takes $75,000 Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Brooklyn Investment Group bought a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 630 shares of the real estate investment trust’s stock, valued at approximately $75,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Catalyst Capital Advisors LLC purchased a new stake in shares of Alexandria Real Estate Equities during the third quarter worth about $25,000. Ashton Thomas Securities LLC purchased a new stake in shares of Alexandria Real Estate Equities in the 3rd quarter valued at approximately $30,000. UMB Bank n.a. grew its stake in shares of Alexandria Real Estate Equities by 132.8% in the 2nd quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 154 shares during the period. Rothschild Investment LLC purchased a new stake in shares of Alexandria Real Estate Equities in the 2nd quarter valued at approximately $33,000. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Alexandria Real Estate Equities by 144.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 180 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Citigroup lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $130.00 to $125.00 in a report on Friday, September 13th. Robert W. Baird dropped their target price on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $135.00 to $112.00 in a research report on Friday, November 15th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $125.00 price objective (down previously from $130.00) on shares of Alexandria Real Estate Equities in a research note on Thursday, October 24th. Finally, BMO Capital Markets upgraded Alexandria Real Estate Equities to a “hold” rating in a report on Wednesday, September 25th. Ten 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 has a consensus rating of “Hold” and a consensus target price of $126.73.

Alexandria Real Estate Equities Trading Down 1.1 %

Alexandria Real Estate Equities stock opened at $110.52 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.20 and a quick ratio of 0.20. The company has a market capitalization of $19.31 billion, a price-to-earnings ratio of 67.39, a PEG ratio of 4.20 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a one year low of $102.89 and a one year high of $135.45. The company’s fifty day moving average price is $114.57 and its two-hundred day moving average price is $117.14.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Monday, October 21st. The real estate investment trust reported $0.96 EPS for the quarter, missing the consensus estimate of $2.38 by ($1.42). The business had revenue of $791.60 million for the quarter, compared to analyst estimates of $766.97 million. Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.26 earnings per share. On average, analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared 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 4.71%. The ex-dividend date was Monday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio is 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.