NBC Securities Inc. Acquires 130 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

NBC Securities Inc. lifted its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 9.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,475 shares of the real estate investment trust’s stock after purchasing an additional 130 shares during the period. NBC Securities Inc.’s holdings in Alexandria Real Estate Equities were worth $175,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in ARE. Vanguard Group Inc. boosted its stake in shares of Alexandria Real Estate Equities by 0.6% during the first 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 period. Canada Pension Plan Investment Board grew its holdings in Alexandria Real Estate Equities by 0.9% in 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 acquiring an additional 35,216 shares during the last quarter. M&G Plc increased its position in shares of Alexandria Real Estate Equities by 4.9% in the second quarter. M&G Plc now owns 1,659,092 shares of the real estate investment trust’s stock valued at $194,114,000 after acquiring an additional 77,686 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of Alexandria Real Estate Equities by 1.0% during the second 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 acquiring an additional 10,576 shares during the last quarter. Finally, Jennison Associates LLC grew its stake in shares of Alexandria Real Estate Equities by 0.7% in the first quarter. Jennison Associates LLC now owns 1,017,986 shares of the real estate investment trust’s stock worth $131,229,000 after purchasing an additional 7,043 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Price Performance

Shares of NYSE ARE opened at $121.79 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.23 and a current ratio of 0.23. The company has a 50 day simple moving average of $118.80 and a two-hundred day simple moving average of $118.88. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $90.73 and a fifty-two week high of $135.45. The company has a market capitalization of $21.30 billion, a price-to-earnings ratio of 113.82, 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 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 company had revenue of $766.70 million during the quarter, compared to the consensus estimate of $775.03 million. During the same period last year, the firm posted $2.24 earnings per share. The company’s revenue was up 7.4% compared to the same quarter last year. 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 was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $1.30 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.20 annualized dividend and a yield of 4.27%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 485.98%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Jefferies Financial Group lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and lowered their price target for the company from $136.00 to $127.00 in a research report on Friday, August 2nd. 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. Evercore ISI boosted their price objective on shares of Alexandria Real Estate Equities from $126.00 to $127.00 and gave the company an “in-line” rating in a research report on Wednesday, August 28th. Bank of America cut shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $151.00 to $126.00 in a research report on Monday, July 29th. Finally, Citigroup cut shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and reduced their price target for the company from $130.00 to $125.00 in a research report on Friday, September 13th. 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 MarketBeat.com, Alexandria Real Estate Equities has a consensus rating of “Hold” and an average target price of $133.22.

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.