Alexandria Real Estate Equities, Inc. (NYSE:ARE) Position Increased by Infrastructure Capital Advisors LLC

Infrastructure Capital Advisors LLC boosted its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 173.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,799 shares of the real estate investment trust’s stock after buying an additional 6,846 shares during the quarter. Infrastructure Capital Advisors LLC’s holdings in Alexandria Real Estate Equities were worth $1,282,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ARE. Pathway Financial Advisers LLC increased its position in Alexandria Real Estate Equities by 11,449.8% during the third quarter. Pathway Financial Advisers LLC now owns 1,423,630 shares of the real estate investment trust’s stock worth $169,056,000 after buying an additional 1,411,304 shares during the last quarter. Raymond James & Associates increased its position in Alexandria Real Estate Equities by 501.1% during the third quarter. Raymond James & Associates now owns 290,857 shares of the real estate investment trust’s stock worth $34,539,000 after buying an additional 242,466 shares during the last quarter. BNP Paribas Financial Markets increased its position 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 buying an additional 232,817 shares during the last quarter. 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 $14,319,000. 96.54% of the stock is owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Stock Down 1.1 %

NYSE:ARE opened at $110.52 on Friday. The stock’s fifty day moving average price is $114.57 and its two-hundred day moving average price is $117.14. 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 has a market cap of $19.31 billion, a price-to-earnings ratio of 67.39, a P/E/G ratio of 4.20 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE) last issued 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 the consensus estimate of $766.97 million. Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The business’s revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.26 EPS. On average, analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 4.71%. The ex-dividend date was Monday, September 30th. Alexandria Real Estate Equities’s payout ratio is 317.07%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and lowered their target price for the stock from $135.00 to $112.00 in a research report on Friday, November 15th. JPMorgan Chase & Co. downgraded Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $133.00 to $121.00 in a research report on Wednesday. BMO Capital Markets upgraded Alexandria Real Estate Equities to a “hold” rating in a research note on Wednesday, September 25th. Wedbush dropped their price objective on Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Finally, Citigroup lowered Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $130.00 to $125.00 in a research note on Friday, September 13th. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $126.73.

Alexandria Real Estate Equities Company 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.