Cetera Investment Advisers Has $1.27 Million Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Cetera Investment Advisers reduced its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 35.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,864 shares of the real estate investment trust’s stock after selling 5,903 shares during the period. Cetera Investment Advisers’ holdings in Alexandria Real Estate Equities were worth $1,271,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Alexandria Real Estate Equities by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 26,784,689 shares of the real estate investment trust’s stock valued at $3,452,814,000 after purchasing an additional 156,643 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in Alexandria Real Estate Equities by 0.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 4,073,312 shares of the real estate investment trust’s stock worth $476,455,000 after buying an additional 35,216 shares during the period. M&G Plc lifted its stake in shares of Alexandria Real Estate Equities by 4.9% in the 2nd quarter. M&G Plc now owns 1,659,092 shares of the real estate investment trust’s stock valued at $194,114,000 after purchasing an additional 77,686 shares during the period. Thrivent Financial for Lutherans lifted its stake in shares of Alexandria Real Estate Equities by 1.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,050,991 shares of the real estate investment trust’s stock valued at $122,934,000 after purchasing an additional 10,576 shares during the period. Finally, Jennison Associates LLC increased its position in Alexandria Real Estate Equities by 0.7% in the 1st quarter. Jennison Associates LLC now owns 1,017,986 shares of the real estate investment trust’s stock valued at $131,229,000 after buying an additional 7,043 shares in the last quarter. 96.54% of the stock is owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Stock Performance

Alexandria Real Estate Equities stock opened at $122.70 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 1-year low of $90.73 and a 1-year high of $135.45. The firm has a 50-day moving average of $118.48 and a 200-day moving average of $118.93. The firm has a market cap of $21.46 billion, a P/E ratio of 114.67, a P/E/G ratio of 3.99 and a beta of 1.16.

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). The business 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%. Alexandria Real Estate Equities’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.24 earnings per share. Sell-side analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors 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 4.24%. The ex-dividend date was Monday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 485.98%.

Analyst Ratings Changes

A number of analysts have commented on ARE shares. Jefferies Financial Group lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $136.00 to $127.00 in a report on Friday, August 2nd. Evercore ISI increased their target price on 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. Royal Bank of Canada lowered their price objective on Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating on the stock in a research report on Monday, August 5th. JMP Securities reiterated a “market outperform” rating and issued a $140.00 price objective on shares of Alexandria Real Estate Equities in a research report on Tuesday, July 23rd. Finally, Citigroup cut Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and reduced their target price for the company from $130.00 to $125.00 in a research note on Friday, September 13th. 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 MarketBeat.com, Alexandria Real Estate Equities presently has an average rating of “Hold” and an average target price of $133.22.

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.