Charles Schwab Investment Management Inc. Purchases 72,934 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 3.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,450,902 shares of the real estate investment trust's stock after acquiring an additional 72,934 shares during the period. Charles Schwab Investment Management Inc. owned 1.40% of Alexandria Real Estate Equities worth $291,045,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Catalyst Capital Advisors LLC purchased a new position in shares of Alexandria Real Estate Equities during the third quarter valued at approximately $25,000. Ashton Thomas Securities LLC bought a new stake in Alexandria Real Estate Equities in the third quarter worth $30,000. UMB Bank n.a. grew its stake in shares of 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 worth $32,000 after acquiring an additional 154 shares during the last quarter. Rothschild Investment LLC bought a new position in shares of Alexandria Real Estate Equities during the second quarter valued at $33,000. Finally, Venturi Wealth Management LLC raised its position in shares of Alexandria Real Estate Equities by 144.0% in the 3rd 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 last quarter. Institutional investors own 96.54% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ARE shares. BMO Capital Markets upgraded shares of Alexandria Real Estate Equities to a "hold" rating in a research note on Wednesday, September 25th. Citigroup downgraded shares of Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and reduced their price target for the company from $130.00 to $125.00 in a research report on Friday, September 13th. Jefferies Financial Group cut Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and lowered their price objective for the company from $136.00 to $127.00 in a research report on Friday, August 2nd. Evercore ISI reduced their target price on Alexandria Real Estate Equities from $129.00 to $124.00 and set an "in-line" rating for the company in a report on Wednesday, October 23rd. Finally, Robert W. Baird decreased their price target on Alexandria Real Estate Equities from $137.00 to $130.00 and set an "outperform" rating for the company in a research note on Friday, November 8th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Alexandria Real Estate Equities has a consensus rating of "Hold" and an average price target of $127.30.

Alexandria Real Estate Equities Stock Performance

Alexandria Real Estate Equities stock traded up $2.41 during mid-day trading on Friday, reaching $108.30. 1,308,508 shares of the stock traded hands, compared to its average volume of 1,181,432. Alexandria Real Estate Equities, Inc. has a 12-month low of $102.89 and a 12-month high of $135.45. The business's 50-day moving average is $115.57 and its 200-day moving average is $117.38. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.20 and a quick ratio of 0.20. The stock has a market capitalization of $18.93 billion, a PE ratio of 66.04, a price-to-earnings-growth ratio of 3.97 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its quarterly earnings results 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 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%. Alexandria Real Estate Equities's revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.26 EPS. As a group, sell-side analysts predict that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders 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 dividend yield of 4.80%. The ex-dividend date of this dividend was Monday, September 30th. Alexandria Real Estate Equities's payout ratio is 317.07%.

About Alexandria Real Estate Equities

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.