Foresight Group Ltd Liability Partnership Boosts Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Foresight Group Ltd Liability Partnership lifted its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 5.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,621 shares of the real estate investment trust’s stock after acquiring an additional 1,953 shares during the quarter. Alexandria Real Estate Equities makes up approximately 1.8% of Foresight Group Ltd Liability Partnership’s holdings, making the stock its 11th biggest position. Foresight Group Ltd Liability Partnership’s holdings in Alexandria Real Estate Equities were worth $4,284,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its position in shares of Alexandria Real Estate Equities by 275.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 233 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 171 shares during the period. Mather Group LLC. purchased a new stake in Alexandria Real Estate Equities in the 1st quarter worth $30,000. UMB Bank n.a. raised its holdings in 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 valued at $32,000 after acquiring an additional 154 shares during the period. Rothschild Investment LLC purchased a new position in shares of Alexandria Real Estate Equities in the second quarter valued at about $33,000. Finally, Riverview Trust Co bought a new position in shares of Alexandria Real Estate Equities in the first quarter worth about $37,000. 96.54% of the stock is owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Stock Down 0.1 %

Shares of NYSE ARE opened at $123.86 on Thursday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.55. Alexandria Real Estate Equities, Inc. has a 12-month low of $90.73 and a 12-month high of $135.45. The firm’s 50-day moving average price is $119.04 and its 200-day moving average price is $119.88. The stock has a market capitalization of $21.66 billion, a price-to-earnings ratio of 115.76, a P/E/G ratio of 4.20 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.34 by ($2.09). The company had revenue of $766.70 million for the quarter, compared to analysts’ expectations of $775.03 million. Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the company earned $2.24 earnings per share. On average, equities research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $1.30 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $5.20 dividend on an annualized basis and a yield of 4.20%. Alexandria Real Estate Equities’s dividend payout ratio is presently 485.98%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Bank of America downgraded Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and decreased their target price for the company from $151.00 to $126.00 in a research note on Monday, July 29th. Jefferies Financial Group cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their price objective for the company from $136.00 to $127.00 in a research report on Friday, August 2nd. Citigroup lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $130.00 to $125.00 in a research report on Friday, September 13th. Evercore ISI lifted their price target on shares of Alexandria Real Estate Equities from $126.00 to $127.00 and gave the company an “in-line” rating in a report on Wednesday, August 28th. Finally, Wedbush downgraded shares of Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $140.00 to $130.00 in a report on Wednesday, July 24th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Alexandria Real Estate Equities currently has a consensus rating of “Hold” and a consensus target price of $130.70.

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.