Atria Investments Inc Purchases 7,551 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Atria Investments Inc grew its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 33.2% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 30,262 shares of the real estate investment trust's stock after purchasing an additional 7,551 shares during the period. Atria Investments Inc's holdings in Alexandria Real Estate Equities were worth $3,594,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Catalyst Capital Advisors LLC purchased a new stake in shares of Alexandria Real Estate Equities in the third quarter worth about $25,000. UMB Bank n.a. boosted its stake in 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 buying an additional 154 shares during the period. Rothschild Investment LLC purchased a new position in Alexandria Real Estate Equities during the second quarter worth about $33,000. Global X Japan Co. Ltd. bought a new stake in shares of Alexandria Real Estate Equities during the 2nd quarter valued at about $43,000. Finally, M&R Capital Management Inc. bought a new position in shares of Alexandria Real Estate Equities in the third quarter worth approximately $50,000. 96.54% of the stock is owned by institutional investors.

Alexandria Real Estate Equities Stock Performance

NYSE ARE traded down $0.77 during trading hours on Thursday, hitting $108.26. 1,012,770 shares of the company's stock traded hands, compared to its average volume of 991,613. 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 52 week low of $102.24 and a 52 week high of $135.45. The firm has a market capitalization of $18.92 billion, a P/E ratio of 66.48, a P/E/G ratio of 4.05 and a beta of 1.16. The business's fifty day moving average price is $117.50 and its two-hundred day moving average price is $117.98.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.96 EPS for the quarter, missing the consensus estimate of $2.38 by ($1.42). The business had revenue of $791.60 million for the quarter, compared to the consensus estimate of $766.97 million. Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. Alexandria Real Estate Equities's revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter last year, the business earned $2.26 EPS. Equities research analysts predict 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. Shareholders of record on Monday, September 30th were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 4.80%. The ex-dividend date of this dividend was Monday, September 30th. Alexandria Real Estate Equities's dividend payout ratio is 317.07%.

Wall Street Analysts Forecast Growth

ARE has been the topic of several research reports. Royal Bank of Canada restated a "sector perform" rating and set a $125.00 price objective (down previously from $130.00) on shares of Alexandria Real Estate Equities in a research report on Thursday, October 24th. 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. Bank of America lowered shares of Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $151.00 to $126.00 in a report on Monday, July 29th. Wedbush lowered 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 research note on Wednesday, October 23rd. Finally, Evercore ISI decreased their price objective on 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. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $131.10.

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.