Janney Montgomery Scott LLC Makes New $4.31 Million Investment in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Janney Montgomery Scott LLC bought a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 36,311 shares of the real estate investment trust's stock, valued at approximately $4,312,000.

A number of other institutional investors also recently made changes to their positions in ARE. UMB Bank n.a. lifted its position 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 worth $32,000 after purchasing an additional 154 shares during the period. Rothschild Investment LLC bought a new position in Alexandria Real Estate Equities during the second quarter valued at about $33,000. Global X Japan Co. Ltd. acquired a new position in Alexandria Real Estate Equities during the second quarter worth about $43,000. M&R Capital Management Inc. bought a new stake in Alexandria Real Estate Equities in the third quarter worth about $50,000. Finally, Hilltop National Bank lifted its holdings in Alexandria Real Estate Equities by 27.0% in the 2nd quarter. Hilltop National Bank now owns 686 shares of the real estate investment trust's stock valued at $80,000 after acquiring an additional 146 shares during the last quarter. 96.54% of the stock is owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Stock Up 0.3 %

Shares of NYSE:ARE traded up $0.32 during trading on Friday, reaching $114.04. 876,939 shares of the company traded hands, compared to its average volume of 1,361,834. Alexandria Real Estate Equities, Inc. has a 1-year low of $93.17 and a 1-year high of $135.45. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.56. The firm has a market cap of $19.93 billion, a P/E ratio of 69.54, a price-to-earnings-growth ratio of 4.23 and a beta of 1.16. The firm has a fifty day simple moving average of $118.04 and a 200 day simple moving average of $118.15.

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 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 analysts' expectations of $766.97 million. During the same quarter last year, the firm earned $2.26 EPS. The business's revenue for the quarter was up 10.9% compared to the same quarter last year. Analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.48 earnings per share 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. Investors of record on Monday, September 30th were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 4.56%. The ex-dividend date was Monday, September 30th. Alexandria Real Estate Equities's payout ratio is presently 317.07%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ARE shares. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $125.00 price objective (down previously from $130.00) on shares of Alexandria Real Estate Equities in a research note on Thursday, October 24th. Evercore ISI cut their target price 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. Wedbush decreased 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 report on Wednesday, October 23rd. BMO Capital Markets raised shares of Alexandria Real Estate Equities to a "hold" rating in a research note on Wednesday, September 25th. Finally, Jefferies Financial Group downgraded shares of 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. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $131.10.

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.