Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Acquired by CIBC Asset Management Inc

CIBC Asset Management Inc raised its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 67.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,276 shares of the real estate investment trust's stock after purchasing an additional 14,992 shares during the quarter. CIBC Asset Management Inc's holdings in Alexandria Real Estate Equities were worth $4,427,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC acquired a new stake in shares of Alexandria Real Estate Equities in the third quarter valued at about $25,000. Ashton Thomas Securities LLC purchased a new position in Alexandria Real Estate Equities during the third quarter worth $30,000. UMB Bank n.a. raised its holdings 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 purchased a new stake in shares of Alexandria Real Estate Equities in the second quarter valued at $33,000. Finally, Venturi Wealth Management LLC boosted its stake in shares of Alexandria Real Estate Equities by 144.0% during the third quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust's stock valued at $36,000 after acquiring an additional 180 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. BMO Capital Markets upgraded shares of Alexandria Real Estate Equities to a "hold" rating in a report on Wednesday, September 25th. Jefferies Financial Group downgraded Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and cut their price target for the company from $136.00 to $127.00 in a report on Friday, August 2nd. JMP Securities cut 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 report on Friday. Royal Bank of Canada reiterated a "sector perform" rating and issued a $125.00 price target (down previously from $130.00) on shares of Alexandria Real Estate Equities in a report on Thursday, October 24th. Finally, Citigroup downgraded Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $130.00 to $125.00 in a report on Friday, September 13th. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $127.30.

Alexandria Real Estate Equities Stock Down 0.7 %

Alexandria Real Estate Equities stock traded down $0.77 during midday trading on Tuesday, hitting $104.45. 1,003,345 shares of the company were exchanged, compared to its average volume of 996,215. The company has a market cap of $18.25 billion, a PE ratio of 64.03, a price-to-earnings-growth ratio of 3.95 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $102.24 and a fifty-two week high of $135.45. The company's fifty day moving average price is $116.84 and its 200-day moving average price is $117.75. 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 (NYSE:ARE - Get Free Report) last posted its earnings results on Monday, October 21st. The real estate investment trust reported $0.96 EPS for the quarter, missing analysts' consensus estimates of $2.38 by ($1.42). The firm had revenue of $791.60 million for the quarter, compared to analyst estimates of $766.97 million. Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. The company's revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.26 earnings per share. On average, research 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. Shareholders of record on Monday, September 30th were issued a dividend of $1.30 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.20 annualized dividend and a yield of 4.98%. Alexandria Real Estate Equities's dividend payout ratio is presently 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.