Raymond James & Associates Raises Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Raymond James & Associates raised its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 501.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 290,857 shares of the real estate investment trust's stock after acquiring an additional 242,466 shares during the quarter. Raymond James & Associates owned about 0.17% of Alexandria Real Estate Equities worth $34,539,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ARE. Arbor Capital Management Inc. ADV lifted its stake in Alexandria Real Estate Equities by 1.1% in the second quarter. Arbor Capital Management Inc. ADV now owns 8,639 shares of the real estate investment trust's stock valued at $1,000,000 after buying an additional 93 shares in the last quarter. SPC Financial Inc. increased its position in Alexandria Real Estate Equities by 5.4% during the first quarter. SPC Financial Inc. now owns 1,950 shares of the real estate investment trust's stock worth $251,000 after acquiring an additional 100 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in Alexandria Real Estate Equities by 0.7% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 13,544 shares of the real estate investment trust's stock valued at $1,584,000 after buying an additional 100 shares during the period. Presima Securities ULC increased its holdings in Alexandria Real Estate Equities by 0.9% in the 3rd quarter. Presima Securities ULC now owns 11,725 shares of the real estate investment trust's stock valued at $1,392,000 after buying an additional 100 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Alexandria Real Estate Equities by 7.9% in the 2nd quarter. GAMMA Investing LLC now owns 1,414 shares of the real estate investment trust's stock valued at $165,000 after purchasing an additional 103 shares in the last quarter. Institutional investors and hedge funds own 96.54% of the company's stock.

Alexandria Real Estate Equities Price Performance

Shares of ARE traded down $3.52 during midday trading on Thursday, hitting $116.38. 1,499,879 shares of the company traded hands, compared to its average volume of 979,830. The stock has a 50-day moving average of $119.18 and a 200-day moving average of $118.79. Alexandria Real Estate Equities, Inc. has a one year low of $90.73 and a one year high of $135.45. The firm has a market cap of $20.35 billion, a P/E ratio of 108.74, a PEG ratio of 3.99 and a beta of 1.16. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.23 and a quick ratio of 0.23.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share for the quarter, missing the consensus estimate of $2.38 by ($1.42). Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. The company had revenue of $791.60 million for the quarter, compared to the consensus estimate of $766.97 million. During the same quarter in the prior year, the company earned $2.26 earnings per share. The company's quarterly revenue was up 10.9% on a year-over-year basis. 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 4.47%. The ex-dividend date was Monday, September 30th. Alexandria Real Estate Equities's dividend payout ratio (DPR) is 485.98%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Evercore ISI cut their target price on shares of 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. Wedbush lowered their price objective on shares of Alexandria Real Estate Equities from $130.00 to $120.00 and set a "neutral" rating for the company in a research note on Wednesday. Bank of America lowered shares of Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and decreased their price target for the company from $151.00 to $126.00 in a research note on Monday, July 29th. Royal Bank of Canada restated a "sector perform" rating and set a $125.00 price target (down previously from $130.00) on shares of Alexandria Real Estate Equities in a research note on Thursday. Finally, BMO Capital Markets raised shares of Alexandria Real Estate Equities to a "hold" rating in a report on Wednesday, September 25th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Alexandria Real Estate Equities currently has an average rating of "Hold" and an average target price of $131.22.

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.