Natixis Advisors LLC increased its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 10.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 120,098 shares of the real estate investment trust's stock after acquiring an additional 10,917 shares during the period. Natixis Advisors LLC owned about 0.07% of Alexandria Real Estate Equities worth $14,262,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of ARE. Arbor Capital Management Inc. ADV increased its position in Alexandria Real Estate Equities by 1.1% during the second quarter. Arbor Capital Management Inc. ADV now owns 8,639 shares of the real estate investment trust's stock worth $1,000,000 after buying an additional 93 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of Alexandria Real Estate Equities by 0.7% in the second quarter. Oregon Public Employees Retirement Fund now owns 13,544 shares of the real estate investment trust's stock valued at $1,584,000 after purchasing an additional 100 shares during the last quarter. Presima Securities ULC lifted its position in shares of Alexandria Real Estate Equities by 0.9% during the 3rd quarter. Presima Securities ULC now owns 11,725 shares of the real estate investment trust's stock worth $1,392,000 after purchasing an additional 100 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Alexandria Real Estate Equities by 7.9% in the second quarter. GAMMA Investing LLC now owns 1,414 shares of the real estate investment trust's stock valued at $165,000 after acquiring an additional 103 shares during the period. Finally, PFG Investments LLC boosted its holdings in Alexandria Real Estate Equities by 5.1% in the 2nd quarter. PFG Investments LLC now owns 2,392 shares of the real estate investment trust's stock valued at $280,000 after purchasing an additional 115 shares during the period. Institutional investors and hedge funds own 96.54% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on ARE. Evercore ISI lowered 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 research report on Wednesday, October 23rd. Bank of America downgraded Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and cut their price objective for the company from $151.00 to $126.00 in a research report on Monday, July 29th. BMO Capital Markets raised shares of Alexandria Real Estate Equities to a "hold" rating in a research note on Wednesday, September 25th. Jefferies Financial Group downgraded Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and dropped their target price for the stock from $136.00 to $127.00 in a research report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and cut their target price for the company from $135.00 to $112.00 in a research report on Friday, November 15th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $127.30.
Get Our Latest Stock Analysis on Alexandria Real Estate Equities
Alexandria Real Estate Equities Stock Up 0.2 %
Alexandria Real Estate Equities stock opened at $104.56 on Thursday. The company has a market cap of $18.27 billion, a P/E ratio of 63.60, a price-to-earnings-growth ratio of 3.91 and a beta of 1.16. The company has a fifty day simple moving average of $116.21 and a 200 day simple moving average of $117.55. 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 1-year low of $102.89 and a 1-year high of $135.45.
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). Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The firm had revenue of $791.60 million during the quarter, compared to the consensus estimate of $766.97 million. During the same period in the previous year, the company posted $2.26 earnings per share. The firm's revenue for the quarter was up 10.9% compared to the same quarter last year. Research analysts anticipate 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 business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date of this dividend was Monday, September 30th. Alexandria Real Estate Equities's dividend payout ratio is currently 317.07%.
Alexandria Real Estate Equities Profile
(
Free Report)
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.
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