Herr Investment Group LLC Invests $2.46 Million in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Herr Investment Group LLC purchased a new position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 21,011 shares of the real estate investment trust’s stock, valued at approximately $2,458,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC increased its position in shares of Alexandria Real Estate Equities by 275.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 233 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 171 shares during the last quarter. Mather Group LLC. acquired a new stake in Alexandria Real Estate Equities during the first quarter valued at approximately $30,000. UMB Bank n.a. lifted its holdings in 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 worth $32,000 after buying an additional 154 shares during the last quarter. Rothschild Investment LLC acquired a new position in shares of Alexandria Real Estate Equities in the 2nd quarter worth approximately $33,000. Finally, Riverview Trust Co bought a new stake in shares of Alexandria Real Estate Equities in the 1st quarter valued at approximately $37,000. 96.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on ARE shares. Wedbush lowered shares of Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $140.00 to $130.00 in a research note on Wednesday, July 24th. Royal Bank of Canada dropped their price objective on shares of Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating on the stock in a research note on Monday, August 5th. Jefferies Financial Group lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and lowered their target price for the company from $136.00 to $127.00 in a report on Friday, August 2nd. Bank of America lowered 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 lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $130.00 to $125.00 in a research report on Friday, September 13th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $130.70.

Alexandria Real Estate Equities Stock Down 1.3 %

Alexandria Real Estate Equities stock opened at $122.22 on Friday. Alexandria Real Estate Equities, Inc. has a 52 week low of $90.73 and a 52 week high of $135.45. The stock has a market cap of $21.37 billion, a price-to-earnings ratio of 114.22, a PEG ratio of 4.20 and a beta of 1.16. The company’s 50-day moving average price is $118.99 and its two-hundred day moving average price is $119.89. 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 (NYSE:ARE) last issued its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $2.34 by ($2.09). The business had revenue of $766.70 million during the quarter, compared to analyst estimates 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 was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.24 earnings per share. On average, 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 4.25%. The ex-dividend date is Monday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio is currently 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.