HighTower Advisors LLC Has $28.78 Million Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

HighTower Advisors LLC grew its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 0.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 241,743 shares of the real estate investment trust’s stock after purchasing an additional 2,012 shares during the period. HighTower Advisors LLC’s holdings in Alexandria Real Estate Equities were worth $28,782,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Catalyst Capital Advisors LLC bought a new position in Alexandria Real Estate Equities in the third quarter valued at about $25,000. Ashton Thomas Securities LLC acquired a new stake in shares of Alexandria Real Estate Equities during the 3rd quarter worth approximately $30,000. UMB Bank n.a. raised its stake in shares of Alexandria Real Estate Equities by 132.8% during the second quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 154 shares during the last quarter. Rothschild Investment LLC acquired a new position in Alexandria Real Estate Equities in the second quarter valued at approximately $33,000. Finally, Venturi Wealth Management LLC boosted its stake in 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 acquiring an additional 180 shares during the last quarter. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

Shares of ARE stock opened at $105.43 on Friday. The company has a market capitalization of $18.42 billion, a P/E ratio of 64.29, a price-to-earnings-growth ratio of 4.05 and a beta of 1.14. Alexandria Real Estate Equities, Inc. has a 52 week low of $102.89 and a 52 week high of $135.45. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.20 and a current ratio of 0.20. The company’s 50 day moving average price is $113.06 and its two-hundred day moving average price is $116.59.

Alexandria Real Estate Equities (NYSE:ARE) last issued 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). The company 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 revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.26 earnings per share. On average, analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on ARE. JMP Securities dropped their target price on shares of Alexandria Real Estate Equities from $140.00 to $130.00 and set a “market outperform” rating for the company in a research report on Friday, November 15th. Evercore ISI cut their target price 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. Wedbush decreased their target price 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. JPMorgan Chase & Co. downgraded shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and cut their price target for the company from $133.00 to $121.00 in a research report on Wednesday, November 27th. Finally, Robert W. Baird decreased their price objective on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target 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.