Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC increased its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 513.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 126,733 shares of the real estate investment trust's stock after acquiring an additional 106,060 shares during the period. Los Angeles Capital Management LLC owned approximately 0.07% of Alexandria Real Estate Equities worth $15,050,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Catalyst Capital Advisors LLC purchased a new position in shares of Alexandria Real Estate Equities during the 3rd quarter worth $25,000. UMB Bank n.a. boosted its stake in Alexandria Real Estate Equities by 132.8% during the second quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust's stock worth $32,000 after buying an additional 154 shares during the period. Rothschild Investment LLC acquired a new stake in shares of Alexandria Real Estate Equities during the second quarter valued at about $33,000. Global X Japan Co. Ltd. purchased a new stake in shares of Alexandria Real Estate Equities in the 2nd quarter valued at approximately $43,000. Finally, M&R Capital Management Inc. acquired a new position in shares of Alexandria Real Estate Equities in the 3rd quarter worth approximately $50,000. Institutional investors and hedge funds own 96.54% of the company's stock.

Alexandria Real Estate Equities Stock Down 2.4 %

Shares of ARE traded down $2.68 during midday trading on Monday, reaching $111.36. The stock had a trading volume of 1,739,620 shares, compared to its average volume of 1,322,142. The company has a market cap of $19.46 billion, a price-to-earnings ratio of 67.90, a PEG ratio of 4.27 and a beta of 1.16. The company's fifty day simple moving average is $118.04 and its two-hundred day simple moving average is $118.14. 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 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 quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share for the quarter, missing analysts' consensus estimates of $2.38 by ($1.42). The business had revenue of $791.60 million during the quarter, compared to analyst estimates of $766.97 million. Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The firm's quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.26 earnings per share. Equities research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.48 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date was Monday, September 30th. Alexandria Real Estate Equities's dividend payout ratio (DPR) is 317.07%.

Wall Street Analyst Weigh In

ARE has been the subject of several research reports. Robert W. Baird dropped their target price on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an "outperform" rating for the company in a report on Friday. Evercore ISI cut 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 report on Wednesday, October 23rd. Royal Bank of Canada restated a "sector perform" rating and set a $125.00 target price (down from $130.00) on shares of Alexandria Real Estate Equities in a report on Thursday, October 24th. Jefferies Financial Group lowered shares of Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and cut their price target for the stock from $136.00 to $127.00 in a research note on Friday, August 2nd. Finally, BMO Capital Markets raised shares of Alexandria Real Estate Equities to a "hold" rating in a research note on Wednesday, September 25th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Alexandria Real Estate Equities has a consensus rating of "Hold" and an average target price of $131.10.

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.