Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Bought by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. grew its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 7.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,210 shares of the real estate investment trust’s stock after purchasing an additional 280 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Alexandria Real Estate Equities were worth $492,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ARE. EverSource Wealth Advisors LLC boosted its holdings in Alexandria Real Estate Equities by 275.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 233 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 171 shares in the last quarter. Mather Group LLC. purchased a new stake in shares of Alexandria Real Estate Equities during the 1st quarter worth about $30,000. UMB Bank n.a. grew its position in shares of Alexandria Real Estate Equities by 132.8% during the 2nd 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 2nd quarter valued at about $33,000. Finally, Riverview Trust Co acquired a new position in Alexandria Real Estate Equities in the 1st quarter worth about $37,000. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Trading Down 0.8 %

ARE opened at $121.25 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.23 and a quick ratio of 0.23. The company’s 50 day simple moving average is $118.90 and its two-hundred day simple moving average is $119.86. The firm has a market capitalization of $21.20 billion, a price-to-earnings ratio of 113.32, a price-to-earnings-growth ratio of 4.20 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a 1-year low of $90.73 and a 1-year high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, July 22nd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.34 by ($2.09). The company had revenue of $766.70 million during 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 firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.24 earnings per share. Analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $1.30 dividend. The ex-dividend date is Monday, September 30th. This represents a $5.20 annualized dividend and a dividend yield of 4.29%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 485.98%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Wedbush cut Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $140.00 to $130.00 in a research report on Wednesday, July 24th. Royal Bank of Canada cut their price target on shares of Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating for the company in a report on Monday, August 5th. Jefferies Financial Group downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and decreased their price objective for the company from $136.00 to $127.00 in a report on Friday, August 2nd. Evercore ISI upped their price target on shares of Alexandria Real Estate Equities from $126.00 to $127.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 28th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a research note on Tuesday, July 23rd. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $130.70.

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.