Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Bought by Empowered Funds LLC

Empowered Funds LLC lifted its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 9.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,903 shares of the real estate investment trust’s stock after purchasing an additional 259 shares during the quarter. Empowered Funds LLC’s holdings in Alexandria Real Estate Equities were worth $345,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of ARE. Catalyst Capital Advisors LLC bought a new position in Alexandria Real Estate Equities in the 3rd quarter valued at about $25,000. Ashton Thomas Securities LLC bought a new position in shares of Alexandria Real Estate Equities in the third quarter valued at approximately $30,000. UMB Bank n.a. increased its stake in shares of Alexandria Real Estate Equities by 132.8% during the second 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 during the period. Rothschild Investment LLC bought a new stake in Alexandria Real Estate Equities during the second quarter worth approximately $33,000. Finally, Venturi Wealth Management LLC lifted its position in Alexandria Real Estate Equities by 144.0% in the third quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 180 shares during the period. 96.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ARE shares. Bank of America downgraded 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. Wedbush dropped their price target on shares of Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Citigroup downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and cut their price target for the company from $130.00 to $125.00 in a report on Friday, September 13th. Robert W. Baird lowered their price objective on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Finally, JMP Securities cut their target price on shares of Alexandria Real Estate Equities from $140.00 to $130.00 and set a “market outperform” rating for the company in a research note on Friday, November 15th. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $127.30.

Alexandria Real Estate Equities Trading Up 3.5 %

Shares of NYSE ARE opened at $112.10 on Tuesday. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.56. Alexandria Real Estate Equities, Inc. has a one year low of $102.89 and a one year high of $135.45. The business has a 50-day moving average price of $115.32 and a two-hundred day moving average price of $117.30. The firm has a market capitalization of $19.59 billion, a PE ratio of 68.35, a PEG ratio of 4.06 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $2.38 by ($1.42). The company had revenue of $791.60 million for the quarter, compared to analysts’ expectations of $766.97 million. Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.26 earnings per share. As a group, analysts predict that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share 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. Shareholders of record on Monday, September 30th were paid a $1.30 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.20 dividend on an annualized basis and a yield of 4.64%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 317.07%.

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.