International Assets Investment Management LLC Purchases Shares of 19,000 Alexandria Real Estate Equities, Inc. (NYSE:ARE)

International Assets Investment Management LLC acquired a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 19,000 shares of the real estate investment trust's stock, valued at approximately $22,560,000.

Several other hedge funds have also added to or reduced their stakes in the business. Commerzbank Aktiengesellschaft FI increased its stake in Alexandria Real Estate Equities by 2.4% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 19,716 shares of the real estate investment trust's stock worth $2,342,000 after purchasing an additional 456 shares in the last quarter. Private Advisor Group LLC boosted its holdings in shares of Alexandria Real Estate Equities by 5.1% in the third quarter. Private Advisor Group LLC now owns 2,651 shares of the real estate investment trust's stock valued at $315,000 after buying an additional 129 shares during the period. Community Trust & Investment Co. increased its position in shares of Alexandria Real Estate Equities by 2.7% during the third quarter. Community Trust & Investment Co. now owns 24,499 shares of the real estate investment trust's stock worth $2,909,000 after acquiring an additional 641 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Alexandria Real Estate Equities by 38.1% during the third quarter. Sequoia Financial Advisors LLC now owns 3,238 shares of the real estate investment trust's stock worth $385,000 after acquiring an additional 893 shares in the last quarter. Finally, Telos Capital Management Inc. raised its holdings in shares of Alexandria Real Estate Equities by 2.9% during the third quarter. Telos Capital Management Inc. now owns 11,747 shares of the real estate investment trust's stock worth $1,395,000 after acquiring an additional 328 shares during the period. Institutional investors and hedge funds own 96.54% of the company's stock.

Wall Street Analysts Forecast Growth

ARE has been the subject of a number of research reports. JMP Securities reiterated a "market outperform" rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a report on Tuesday, July 23rd. Royal Bank of Canada reissued a "sector perform" rating and issued a $125.00 target price (down previously from $130.00) on shares of Alexandria Real Estate Equities in a research report on Thursday, October 24th. Bank of America cut shares of Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $151.00 to $126.00 in a research note on Monday, July 29th. Jefferies Financial Group lowered shares of 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. Finally, BMO Capital Markets upgraded shares of Alexandria Real Estate Equities to a "hold" rating in a report on Wednesday, September 25th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Alexandria Real Estate Equities currently has a consensus rating of "Hold" and an average target price of $131.22.

Alexandria Real Estate Equities Stock Performance

NYSE ARE traded down $1.07 on Tuesday, hitting $111.65. 1,387,028 shares of the stock were exchanged, compared to its average volume of 983,917. The business's fifty day moving average is $119.05 and its 200 day moving average is $118.42. Alexandria Real Estate Equities, Inc. has a 52 week low of $90.73 and a 52 week high of $135.45. The company has a market capitalization of $19.53 billion, a PE ratio of 104.35, a P/E/G 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 issued 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 firm had revenue of $791.60 million during the quarter, compared to the consensus estimate of $766.97 million. Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. The firm's revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.26 earnings per share. Research 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $1.30 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.20 annualized dividend and a dividend yield of 4.66%. Alexandria Real Estate Equities's dividend payout ratio is currently 485.98%.

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.