Zions Bancorporation N.A. Increases Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Zions Bancorporation N.A. grew its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 22,994.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,254 shares of the real estate investment trust's stock after purchasing an additional 30,123 shares during the period. Zions Bancorporation N.A.'s holdings in Alexandria Real Estate Equities were worth $3,593,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Catalyst Capital Advisors LLC acquired a new position in shares of Alexandria Real Estate Equities during the third quarter worth about $25,000. Ashton Thomas Securities LLC acquired a new position in shares of Alexandria Real Estate Equities during the third quarter worth about $30,000. UMB Bank n.a. boosted its holdings in Alexandria Real Estate Equities by 132.8% in the second quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 154 shares in the last quarter. Rothschild Investment LLC acquired a new position in Alexandria Real Estate Equities in the second quarter valued at approximately $33,000. Finally, Venturi Wealth Management LLC boosted its holdings 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 valued at $36,000 after purchasing an additional 180 shares in the last quarter. 96.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ARE shares. 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. Wedbush cut their price objective on Alexandria Real Estate Equities from $130.00 to $120.00 and set a "neutral" rating for the company in a research report on Wednesday, October 23rd. BMO Capital Markets upgraded Alexandria Real Estate Equities to a "hold" rating in a research report on Wednesday, September 25th. Robert W. Baird cut their price objective on Alexandria Real Estate Equities from $137.00 to $130.00 and set an "outperform" rating for the company in a research report on Friday, November 8th. Finally, Bank of America cut Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $151.00 to $126.00 in a research report on Monday, July 29th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $131.10.

Alexandria Real Estate Equities Trading Down 0.7 %

NYSE:ARE traded down $0.76 during mid-day trading on Thursday, reaching $108.27. The company's stock had a trading volume of 1,010,242 shares, compared to its average volume of 991,602. The company's fifty day simple moving average is $117.50 and its two-hundred day simple moving average is $117.98. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.20 and a quick ratio of 0.20. Alexandria Real Estate Equities, Inc. has a twelve month low of $102.24 and a twelve month high of $135.45. The stock has a market cap 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.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its quarterly 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). 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 during the quarter, compared to analyst estimates of $766.97 million. During the same period in the previous year, the business posted $2.26 earnings per share. The firm's quarterly revenue was up 10.9% on a year-over-year basis. On average, equities 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 disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued 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 dividend yield of 4.80%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is 317.07%.

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.