Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Acquired by Creative Planning

Creative Planning grew its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 14.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,415 shares of the real estate investment trust’s stock after buying an additional 1,947 shares during the quarter. Creative Planning’s holdings in Alexandria Real Estate Equities were worth $1,830,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of ARE. Allspring Global Investments Holdings LLC lifted its holdings in shares of Alexandria Real Estate Equities by 48.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 21,306 shares of the real estate investment trust’s stock valued at $2,747,000 after buying an additional 6,959 shares during the period. State of Michigan Retirement System lifted its holdings in shares of Alexandria Real Estate Equities by 0.7% in the 1st quarter. State of Michigan Retirement System now owns 43,118 shares of the real estate investment trust’s stock valued at $5,558,000 after buying an additional 300 shares during the period. Bourgeon Capital Management LLC lifted its holdings in shares of Alexandria Real Estate Equities by 5.5% in the 1st quarter. Bourgeon Capital Management LLC now owns 18,188 shares of the real estate investment trust’s stock valued at $2,345,000 after buying an additional 951 shares during the period. Norden Group LLC acquired a new stake in shares of Alexandria Real Estate Equities in the 1st quarter valued at approximately $963,000. Finally, Abundance Wealth Counselors lifted its holdings in shares of Alexandria Real Estate Equities by 18.0% in the 1st quarter. Abundance Wealth Counselors now owns 12,972 shares of the real estate investment trust’s stock valued at $1,672,000 after buying an additional 1,975 shares during the period. 96.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ARE has been the subject of several recent analyst reports. Wedbush reduced their price target 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. Evercore ISI dropped their price objective on Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating for the company in a research note on Wednesday, October 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $125.00 price objective (down from $130.00) on shares of Alexandria Real Estate Equities in a research note on Thursday, October 24th. Jefferies Financial Group downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and dropped their price objective for the company from $136.00 to $127.00 in a research note on Friday, August 2nd. Finally, Bank of America downgraded Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their price objective 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 three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Alexandria Real Estate Equities currently has a consensus rating of “Hold” and a consensus target price of $131.22.

Alexandria Real Estate Equities Price Performance

ARE stock opened at $112.75 on Tuesday. Alexandria Real Estate Equities, Inc. has a 52-week low of $90.73 and a 52-week high of $135.45. The stock’s fifty day simple moving average is $119.11 and its 200-day simple moving average is $118.49. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $19.72 billion, a price-to-earnings ratio of 105.37, a price-to-earnings-growth ratio of 3.99 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $766.97 million. During the same quarter in the previous year, the business posted $2.26 EPS. Alexandria Real Estate Equities’s revenue was up 10.9% compared to the same quarter last year. Equities research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date of this dividend was Monday, September 30th. Alexandria Real Estate Equities’s 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.