Exchange Traded Concepts LLC Has $595,000 Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Exchange Traded Concepts LLC boosted its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 99.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,013 shares of the real estate investment trust’s stock after purchasing an additional 2,501 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Alexandria Real Estate Equities were worth $595,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mather Group LLC. bought a new stake in Alexandria Real Estate Equities during the first quarter worth $30,000. UMB Bank n.a. raised its position in shares of 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 worth $32,000 after acquiring an additional 154 shares in the last quarter. Rothschild Investment LLC bought a new stake in shares of Alexandria Real Estate Equities in the 2nd quarter valued at $33,000. Riverview Trust Co bought a new position in Alexandria Real Estate Equities during the first quarter worth $37,000. Finally, Global X Japan Co. Ltd. acquired a new position in Alexandria Real Estate Equities during the 2nd quarter worth approximately $43,000. 96.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on ARE. BMO Capital Markets raised Alexandria Real Estate Equities to a “hold” rating in a research note on Wednesday, September 25th. Wedbush lowered shares of Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $140.00 to $130.00 in a research report on Wednesday, July 24th. JMP Securities restated a “market outperform” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a research report on Tuesday, July 23rd. Royal Bank of Canada lowered their price objective on Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating for the company in a research report on Monday, August 5th. 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 report on Friday, September 13th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Alexandria Real Estate Equities presently has an average rating of “Hold” and an average price target of $133.22.

Alexandria Real Estate Equities Stock Up 0.4 %

Shares of NYSE ARE opened at $121.79 on Friday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $21.30 billion, a PE ratio of 113.82, a price-to-earnings-growth ratio of 3.99 and a beta of 1.16. The stock’s fifty day simple moving average is $118.80 and its two-hundred day simple moving average is $118.92. Alexandria Real Estate Equities, Inc. has a 12-month low of $90.73 and a 12-month high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last released its 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 during the quarter, compared to analyst estimates of $775.03 million. During the same period in the previous year, the company earned $2.24 earnings per share. Alexandria Real Estate Equities’s revenue was up 7.4% on a year-over-year basis. As a group, 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 company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 4.27%. The ex-dividend date was Monday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 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.