Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC lifted its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 64.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,343 shares of the real estate investment trust's stock after buying an additional 21,237 shares during the quarter. Cerity Partners LLC's holdings in Alexandria Real Estate Equities were worth $6,453,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Canada Pension Plan Investment Board grew its stake in Alexandria Real Estate Equities by 0.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 4,073,312 shares of the real estate investment trust's stock worth $476,455,000 after buying an additional 35,216 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Alexandria Real Estate Equities by 3.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,450,902 shares of the real estate investment trust's stock worth $291,045,000 after acquiring an additional 72,934 shares during the last quarter. M&G Plc increased its holdings in shares of Alexandria Real Estate Equities by 4.9% in the 2nd quarter. M&G Plc now owns 1,659,092 shares of the real estate investment trust's stock valued at $194,114,000 after acquiring an additional 77,686 shares during the period. Pathway Financial Advisers LLC increased its holdings in shares of Alexandria Real Estate Equities by 11,449.8% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,423,630 shares of the real estate investment trust's stock valued at $169,056,000 after acquiring an additional 1,411,304 shares during the period. Finally, Thrivent Financial for Lutherans raised its position in Alexandria Real Estate Equities by 1.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,050,991 shares of the real estate investment trust's stock valued at $122,934,000 after purchasing an additional 10,576 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ARE shares. Jefferies Financial Group downgraded shares of Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and decreased their target price for the stock from $136.00 to $127.00 in a research note on Friday, August 2nd. Evercore ISI reduced 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. Robert W. Baird lowered their target price on 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. Wedbush cut their price target on 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, JMP Securities lowered their price objective on shares of Alexandria Real Estate Equities from $140.00 to $130.00 and set a "market outperform" rating on the stock in a research report on Friday, November 15th. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $126.73.

Alexandria Real Estate Equities Price Performance

Shares of ARE traded down $1.23 during trading hours on Thursday, reaching $110.52. The company had a trading volume of 814,773 shares, compared to its average volume of 1,004,596. 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 12-month low of $102.89 and a 12-month high of $135.45. The firm has a 50 day simple moving average of $114.57 and a 200-day simple moving average of $117.14. The company has a market capitalization of $19.31 billion, a price-to-earnings ratio of 67.39, a PEG ratio of 4.20 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.38 by ($1.42). The company had revenue of $791.60 million during 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 company's quarterly revenue was up 10.9% on a year-over-year basis. During the same period last year, the business posted $2.26 earnings per share. Research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share 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 given a dividend of $1.30 per share. 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 4.71%. Alexandria Real Estate Equities's payout ratio is 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.