Private Advisor Group LLC Buys 129 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Private Advisor Group LLC boosted its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 5.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,651 shares of the real estate investment trust’s stock after purchasing an additional 129 shares during the quarter. Private Advisor Group LLC’s holdings in Alexandria Real Estate Equities were worth $315,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ARE. M&G Plc acquired a new stake in shares of Alexandria Real Estate Equities in the 1st quarter valued at approximately $204,001,000. Russell Investments Group Ltd. boosted its position in shares of Alexandria Real Estate Equities by 153.0% during the first quarter. Russell Investments Group Ltd. now owns 777,345 shares of the real estate investment trust’s stock worth $100,205,000 after purchasing an additional 470,076 shares in the last quarter. Raymond James & Associates grew its holdings in shares of Alexandria Real Estate Equities by 501.1% in the 3rd quarter. Raymond James & Associates now owns 290,857 shares of the real estate investment trust’s stock valued at $34,539,000 after buying an additional 242,466 shares during the period. Vanguard Group Inc. increased its position in shares of Alexandria Real Estate Equities by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 26,784,689 shares of the real estate investment trust’s stock valued at $3,452,814,000 after buying an additional 156,643 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in Alexandria Real Estate Equities by 138.0% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 206,146 shares of the real estate investment trust’s stock worth $26,149,000 after buying an additional 119,541 shares during the period. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

ARE opened at $112.98 on Thursday. The business’s 50-day simple moving average is $118.23 and its 200 day simple moving average is $118.23. Alexandria Real Estate Equities, Inc. has a 52-week low of $93.17 and a 52-week high of $135.45. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.20 and a current ratio of 0.20. The firm has a market capitalization of $19.74 billion, a PE ratio of 68.89, a PEG ratio of 4.15 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly 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 return on equity of 1.31% and a net margin of 9.62%. The business had revenue of $791.60 million for the quarter, compared to analyst estimates of $766.97 million. During the same period last year, the firm earned $2.26 EPS. Alexandria Real Estate Equities’s quarterly revenue was up 10.9% compared to the same quarter last year. As a group, sell-side analysts expect that Alexandria Real Estate Equities, Inc. will post 9.48 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $1.30 per share. The ex-dividend date was Monday, September 30th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.60%. Alexandria Real Estate Equities’s payout ratio is presently 317.07%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ARE shares. Jefferies Financial Group downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and lowered their price target for the stock from $136.00 to $127.00 in a report on Friday, August 2nd. Royal Bank of Canada reissued a “sector perform” rating and set a $125.00 target price (down from $130.00) on shares of Alexandria Real Estate Equities in a research note on Thursday, October 24th. Wedbush reduced their price target on shares of 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 shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating on the stock in a report on Wednesday, October 23rd. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a research note on Tuesday, July 23rd. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $131.22.

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.