Pathway Financial Advisers LLC Buys 375 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Pathway Financial Advisers LLC grew its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 3.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,326 shares of the real estate investment trust’s stock after buying an additional 375 shares during the period. Pathway Financial Advisers LLC’s holdings in Alexandria Real Estate Equities were worth $1,437,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Mather Group LLC. acquired a new stake in shares of Alexandria Real Estate Equities during the first quarter worth about $30,000. UMB Bank n.a. lifted its stake in Alexandria Real Estate Equities by 132.8% in the 2nd quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 154 shares in the last quarter. Rothschild Investment LLC acquired a new position in Alexandria Real Estate Equities during the 2nd quarter worth approximately $33,000. Riverview Trust Co bought a new position in shares of Alexandria Real Estate Equities during the 1st quarter worth approximately $37,000. Finally, Global X Japan Co. Ltd. acquired a new stake in shares of Alexandria Real Estate Equities in the second quarter valued at approximately $43,000. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Trading Down 0.8 %

ARE opened at $118.75 on Tuesday. The company has a 50-day simple moving average of $118.32 and a 200 day simple moving average of $119.66. The stock has a market capitalization of $20.77 billion, a price-to-earnings ratio of 110.98, a P/E/G ratio of 4.26 and a beta of 1.16. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.55. Alexandria Real Estate Equities, Inc. has a twelve month low of $90.73 and a twelve month high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last issued 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 business had revenue of $766.70 million for the quarter, compared to analyst estimates of $775.03 million. During the same period in the previous year, the firm posted $2.24 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year. Analysts predict 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 disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 4.38%. The ex-dividend date is Monday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio is currently 485.98%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Wedbush downgraded shares of Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $140.00 to $130.00 in a research report on Wednesday, July 24th. Bank of America cut Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $151.00 to $126.00 in a research note on Monday, July 29th. BMO Capital Markets raised shares of Alexandria Real Estate Equities to a “hold” rating in a research note on Wednesday, September 25th. JMP Securities reiterated 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. Finally, Citigroup lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $130.00 to $125.00 in a research note on Friday, September 13th. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $130.70.

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.