Skandinaviska Enskilda Banken AB publ Acquires 1,200 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Skandinaviska Enskilda Banken AB publ lifted its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 3.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,614 shares of the real estate investment trust’s stock after purchasing an additional 1,200 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Alexandria Real Estate Equities were worth $3,698,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. PNC Financial Services Group Inc. lifted its stake in Alexandria Real Estate Equities by 21.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 11,243 shares of the real estate investment trust’s stock valued at $1,425,000 after acquiring an additional 1,981 shares during the period. Coldstream Capital Management Inc. bought a new position in Alexandria Real Estate Equities during the fourth quarter valued at approximately $264,000. D.A. Davidson & CO. grew its position in Alexandria Real Estate Equities by 5.5% in the 4th quarter. D.A. Davidson & CO. now owns 3,905 shares of the real estate investment trust’s stock worth $495,000 after purchasing an additional 205 shares during the period. Franklin Resources Inc. raised its stake in Alexandria Real Estate Equities by 39.6% during the 4th quarter. Franklin Resources Inc. now owns 157,995 shares of the real estate investment trust’s stock valued at $20,029,000 after buying an additional 44,846 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Alexandria Real Estate Equities by 275.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 233 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 171 shares during the period. 96.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ARE. JMP Securities reaffirmed a “market outperform” rating and issued a $140.00 price objective on shares of Alexandria Real Estate Equities in a report on Tuesday, July 23rd. Royal Bank of Canada reduced 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 research report on Monday, August 5th. Citigroup downgraded shares of 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 report on Friday, September 13th. Evercore ISI upped their target price 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 decreased their price target for the stock from $140.00 to $130.00 in a research report on Wednesday, July 24th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $130.70.

Alexandria Real Estate Equities Price Performance

Shares of NYSE:ARE opened at $121.25 on Monday. The firm’s 50 day simple moving average is $118.90 and its two-hundred day simple moving average is $119.81. 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 has a market capitalization of $21.20 billion, a P/E ratio of 113.32, a P/E/G 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 released 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). Alexandria Real Estate Equities had a return on equity of 0.68% and a net margin of 5.09%. The business had revenue of $766.70 million for the quarter, compared to analysts’ expectations of $775.03 million. During the same quarter in the prior year, the business posted $2.24 EPS. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. Research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $1.30 dividend. The ex-dividend date of this dividend 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%.

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.