Pathway Financial Advisers LLC Raises Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Pathway Financial Advisers LLC lifted its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 11,449.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,423,630 shares of the real estate investment trust's stock after buying an additional 1,411,304 shares during the quarter. Alexandria Real Estate Equities comprises about 1.1% of Pathway Financial Advisers LLC's holdings, making the stock its 28th biggest holding. Pathway Financial Advisers LLC owned 0.81% of Alexandria Real Estate Equities worth $169,056,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of ARE. Vanguard Group Inc. increased its position in Alexandria Real Estate Equities by 0.6% during the first quarter. Vanguard Group Inc. now owns 26,784,689 shares of the real estate investment trust's stock worth $3,452,814,000 after buying an additional 156,643 shares during the period. Canada Pension Plan Investment Board raised its holdings in shares of Alexandria Real Estate Equities by 0.9% in the second quarter. Canada Pension Plan Investment Board now owns 4,073,312 shares of the real estate investment trust's stock valued at $476,455,000 after buying an additional 35,216 shares during the last quarter. M&G Plc boosted its stake in shares of Alexandria Real Estate Equities by 4.9% during the second quarter. M&G Plc now owns 1,659,092 shares of the real estate investment trust's stock worth $194,114,000 after buying an additional 77,686 shares during the period. Thrivent Financial for Lutherans grew its holdings in shares of Alexandria Real Estate Equities by 1.0% during the second quarter. Thrivent Financial for Lutherans now owns 1,050,991 shares of the real estate investment trust's stock worth $122,934,000 after buying an additional 10,576 shares during the last quarter. Finally, Jennison Associates LLC increased its position in Alexandria Real Estate Equities by 0.7% in the 1st quarter. Jennison Associates LLC now owns 1,017,986 shares of the real estate investment trust's stock valued at $131,229,000 after acquiring an additional 7,043 shares during the period. Institutional investors and hedge funds own 96.54% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Bank of America cut shares of Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $151.00 to $126.00 in a research note on Monday, July 29th. BMO Capital Markets upgraded Alexandria Real Estate Equities to a "hold" rating in a research report on Wednesday, September 25th. JMP Securities reissued a "market outperform" rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a report on Tuesday, July 23rd. Wedbush dropped their price objective on Alexandria Real Estate Equities from $130.00 to $120.00 and set a "neutral" rating on the stock in a report on Wednesday. Finally, Jefferies Financial Group cut Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and cut their price objective for the stock from $136.00 to $127.00 in a research report on Friday, August 2nd. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $131.22.

Alexandria Real Estate Equities Price Performance

ARE traded down $3.33 during midday trading on Friday, reaching $113.02. 1,215,553 shares of the company's stock were exchanged, compared to its average volume of 980,973. The business's 50-day moving average price is $119.17 and its 200 day moving average price is $118.68. The stock has a market capitalization of $19.77 billion, a PE ratio of 105.63, a P/E/G ratio of 3.99 and a beta of 1.16. 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 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 posted its earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.38 by ($1.42). The company had revenue of $791.60 million during the quarter, compared to analysts' expectations of $766.97 million. Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. Alexandria Real Estate Equities's quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.26 EPS. As a group, equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 4.60%. The ex-dividend date of this dividend was Monday, September 30th. Alexandria Real Estate Equities's payout ratio is 485.98%.

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.