Sequoia Financial Advisors LLC Purchases 893 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Sequoia Financial Advisors LLC increased its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 38.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,238 shares of the real estate investment trust’s stock after acquiring an additional 893 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Alexandria Real Estate Equities were worth $385,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Arbor Capital Management Inc. ADV boosted its stake in shares of Alexandria Real Estate Equities by 1.1% during the second quarter. Arbor Capital Management Inc. ADV now owns 8,639 shares of the real estate investment trust’s stock valued at $1,000,000 after purchasing an additional 93 shares in the last quarter. SPC Financial Inc. boosted its position in Alexandria Real Estate Equities by 5.4% during the 1st quarter. SPC Financial Inc. now owns 1,950 shares of the real estate investment trust’s stock valued at $251,000 after acquiring an additional 100 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in Alexandria Real Estate Equities by 0.7% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 13,544 shares of the real estate investment trust’s stock valued at $1,584,000 after acquiring an additional 100 shares in the last quarter. Presima Securities ULC increased its holdings in shares of Alexandria Real Estate Equities by 0.9% in the 3rd quarter. Presima Securities ULC now owns 11,725 shares of the real estate investment trust’s stock valued at $1,392,000 after acquiring an additional 100 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Alexandria Real Estate Equities by 7.9% in the 2nd quarter. GAMMA Investing LLC now owns 1,414 shares of the real estate investment trust’s stock worth $165,000 after acquiring an additional 103 shares in the last quarter. 96.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ARE has been the topic of several analyst reports. BMO Capital Markets upgraded Alexandria Real Estate Equities to a “hold” rating in a research note on Wednesday, September 25th. Bank of America downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $151.00 to $126.00 in a research report on Monday, July 29th. Royal Bank of Canada restated a “sector perform” rating and issued a $125.00 target price (down from $130.00) on shares of Alexandria Real Estate Equities in a research note on Thursday. Evercore ISI cut their price target on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating on the stock in a report on Wednesday, October 23rd. Finally, Wedbush decreased their price objective on Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $131.22.

Alexandria Real Estate Equities Price Performance

Shares of ARE opened at $113.02 on Monday. 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 fifty day moving average price is $119.17 and its 200-day moving average price is $118.57. 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 market capitalization of $19.77 billion, a PE ratio of 105.63, a price-to-earnings-growth ratio of 3.99 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share for the quarter, missing the consensus estimate of $2.38 by ($1.42). Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. The firm had revenue of $791.60 million for the quarter, compared to analysts’ expectations of $766.97 million. During the same quarter in the previous year, the firm posted $2.26 EPS. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, equities research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date was Monday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio is presently 485.98%.

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.