Fulton Bank N.A. Increases Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Fulton Bank N.A. lifted its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 288.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,095 shares of the real estate investment trust's stock after purchasing an additional 6,753 shares during the period. Fulton Bank N.A.'s holdings in Alexandria Real Estate Equities were worth $1,080,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in ARE. GAMMA Investing LLC boosted its holdings in Alexandria Real Estate Equities by 36.0% in the third quarter. GAMMA Investing LLC now owns 1,923 shares of the real estate investment trust's stock valued at $228,000 after acquiring an additional 509 shares during the last quarter. Czech National Bank boosted its holdings in shares of Alexandria Real Estate Equities by 5.7% during the 3rd quarter. Czech National Bank now owns 31,714 shares of the real estate investment trust's stock worth $3,766,000 after buying an additional 1,721 shares in the last quarter. Handelsbanken Fonder AB grew its holdings in Alexandria Real Estate Equities by 0.9% in the third quarter. Handelsbanken Fonder AB now owns 86,000 shares of the real estate investment trust's stock worth $10,212,000 after purchasing an additional 784 shares during the period. Park Avenue Securities LLC grew its stake in shares of Alexandria Real Estate Equities by 8.5% in the 3rd quarter. Park Avenue Securities LLC now owns 3,504 shares of the real estate investment trust's stock valued at $416,000 after buying an additional 275 shares during the period. Finally, Cascade Investment Advisors Inc. raised its position in shares of Alexandria Real Estate Equities by 1.3% during the third quarter. Cascade Investment Advisors Inc. now owns 10,075 shares of the real estate investment trust's stock worth $1,196,000 after purchasing an additional 130 shares during the period. Institutional investors own 96.54% of the company's stock.

Alexandria Real Estate Equities Stock Performance

Alexandria Real Estate Equities stock opened at $113.50 on Tuesday. Alexandria Real Estate Equities, Inc. has a 1-year low of $90.73 and a 1-year high of $135.45. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $19.85 billion, a PE ratio of 106.07, a price-to-earnings-growth ratio of 4.26 and a beta of 1.16. The firm's 50 day simple moving average is $118.15 and its 200 day simple moving average is $119.42.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its earnings results on Monday, July 22nd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.34 by ($2.09). The firm had revenue of $766.70 million during the quarter, compared to analysts' expectations of $775.03 million. Alexandria Real Estate Equities had a return on equity of 0.68% and a net margin of 5.09%. The firm's quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.24 EPS. As a group, analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date of this dividend is Monday, September 30th. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently 485.98%.

Wall Street Analyst Weigh In

ARE has been the topic of a number of recent research reports. Wedbush lowered shares of Alexandria Real Estate Equities from an "outperform" rating to a "neutral" rating and dropped their price objective for the company from $140.00 to $130.00 in a research note on Wednesday, July 24th. JMP Securities reissued a "market outperform" rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a research report on Tuesday, July 23rd. Citigroup downgraded shares of Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $130.00 to $125.00 in a report on Friday, September 13th. Royal Bank of Canada dropped their price target on shares of Alexandria Real Estate Equities from $135.00 to $130.00 and set an "outperform" rating on the stock in a research report on Monday, August 5th. Finally, Bank of America lowered shares of Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $151.00 to $126.00 in a research note on Monday, July 29th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Alexandria Real Estate Equities presently has an average rating of "Hold" and an average price target of $130.70.

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.