Northwestern Mutual Wealth Management Co. Has $374,000 Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Northwestern Mutual Wealth Management Co. raised its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 10.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,193 shares of the real estate investment trust’s stock after purchasing an additional 294 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Alexandria Real Estate Equities were worth $374,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Mather Group LLC. acquired a new position in Alexandria Real Estate Equities in the first quarter worth approximately $30,000. UMB Bank n.a. increased its stake in shares of 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 purchasing an additional 154 shares during the last quarter. Rothschild Investment LLC bought a new position in shares of Alexandria Real Estate Equities during the 2nd quarter valued at $33,000. Riverview Trust Co acquired a new stake in shares of Alexandria Real Estate Equities in the 1st quarter valued at $37,000. Finally, Global X Japan Co. Ltd. bought a new stake in Alexandria Real Estate Equities in the second quarter worth $43,000. 96.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. JMP Securities restated a “market outperform” rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a report on Tuesday, July 23rd. Evercore ISI boosted their target price on Alexandria Real Estate Equities from $126.00 to $127.00 and gave the stock an “in-line” rating in a report on Wednesday, August 28th. Royal Bank of Canada lowered their price target on Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating on the stock in a report on Monday, August 5th. Jefferies Financial Group cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $136.00 to $127.00 in a research note on Friday, August 2nd. Finally, Bank of America lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and lowered their target price for the company from $151.00 to $126.00 in a research note on Monday, July 29th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Alexandria Real Estate Equities has a consensus rating of “Hold” and a consensus price target of $130.70.

Alexandria Real Estate Equities Stock Performance

NYSE:ARE opened at $113.80 on Wednesday. The firm’s 50-day moving average is $118.07 and its 200-day moving average is $119.32. The company has a market cap of $19.90 billion, a price-to-earnings ratio of 106.36, a PEG ratio of 4.26 and a beta of 1.16. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.23 and a current ratio of 0.23. Alexandria Real Estate Equities, Inc. has a 52-week low of $90.73 and a 52-week high of $135.45.

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 (EPS) for the quarter, missing the consensus estimate of $2.34 by ($2.09). Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. The firm had revenue of $766.70 million for the quarter, compared to the consensus estimate of $775.03 million. During the same quarter in the prior year, the firm earned $2.24 earnings per share. The company’s revenue was up 7.4% on a year-over-year basis. Equities research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $1.30 per share. The ex-dividend date is Monday, September 30th. This represents a $5.20 dividend on an annualized basis and a yield of 4.57%. Alexandria Real Estate Equities’s dividend payout ratio is currently 485.98%.

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.