Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Bought by Socorro Asset Management LP

Socorro Asset Management LP grew its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 0.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,041 shares of the real estate investment trust’s stock after acquiring an additional 195 shares during the period. Alexandria Real Estate Equities accounts for approximately 3.6% of Socorro Asset Management LP’s holdings, making the stock its 9th largest position. Socorro Asset Management LP’s holdings in Alexandria Real Estate Equities were worth $9,386,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pathway Financial Advisers LLC grew its position in shares of Alexandria Real Estate Equities by 11,449.8% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,423,630 shares of the real estate investment trust’s stock valued at $169,056,000 after acquiring an additional 1,411,304 shares during the period. Raymond James & Associates lifted its stake in Alexandria Real Estate Equities by 501.1% in the 3rd quarter. Raymond James & Associates now owns 290,857 shares of the real estate investment trust’s stock valued at $34,539,000 after purchasing an additional 242,466 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Alexandria Real Estate Equities by 114.9% during the third quarter. BNP Paribas Financial Markets now owns 435,416 shares of the real estate investment trust’s stock worth $51,706,000 after purchasing an additional 232,817 shares during the period. KBC Group NV increased its position in Alexandria Real Estate Equities by 315.9% during the third quarter. KBC Group NV now owns 169,350 shares of the real estate investment trust’s stock worth $20,110,000 after buying an additional 128,634 shares during the last quarter. Finally, Castle Hook Partners LP acquired a new position in Alexandria Real Estate Equities during the third quarter worth approximately $14,319,000. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

Shares of ARE stock opened at $110.23 on Friday. The stock has a market capitalization of $19.26 billion, a PE ratio of 67.21, a PEG ratio of 4.14 and a beta of 1.16. The business’s 50 day simple moving average is $114.35 and its 200 day simple moving average is $117.02. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.20 and a quick ratio of 0.20. Alexandria Real Estate Equities, Inc. has a one year low of $102.89 and a one year high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.96 EPS for the quarter, missing analysts’ consensus estimates 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 company posted $2.26 earnings per share. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, research analysts forecast 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. Stockholders of record on Monday, September 30th were given a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 4.72%. The ex-dividend date of this dividend was Monday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 317.07%.

Wall Street Analyst Weigh In

ARE has been the topic of several research reports. BMO Capital Markets upgraded shares of Alexandria Real Estate Equities to a “hold” rating in a report on Wednesday, September 25th. Evercore ISI decreased their price target on shares of 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. Wedbush cut 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 report on Wednesday, October 23rd. JPMorgan Chase & Co. downgraded Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $133.00 to $121.00 in a research report on Wednesday. Finally, Citigroup cut 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 report on Friday, September 13th. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $126.73.

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.