Raymond James Trust N.A. Invests $563,000 in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Raymond James Trust N.A. purchased a new position in shares of 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 Securities and Exchange Commission. The firm purchased 4,737 shares of the real estate investment trust's stock, valued at approximately $563,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in ARE. Catalyst Capital Advisors LLC acquired a new stake in shares of Alexandria Real Estate Equities during the 3rd quarter worth approximately $25,000. Ashton Thomas Securities LLC acquired a new stake in Alexandria Real Estate Equities in the 3rd quarter valued at approximately $30,000. UMB Bank n.a. increased its holdings in Alexandria Real Estate Equities by 132.8% in the 2nd quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 154 shares during the last quarter. Rothschild Investment LLC acquired a new stake in Alexandria Real Estate Equities in the 2nd quarter valued at approximately $33,000. Finally, Venturi Wealth Management LLC increased its holdings in Alexandria Real Estate Equities by 144.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 180 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ARE shares. 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, November 8th. Evercore ISI dropped their target price on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an "in-line" rating for the company in a report on Wednesday, October 23rd. Royal Bank of Canada reiterated 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 report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut shares of Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and decreased their price target for the company from $135.00 to $112.00 in a research report on Friday, November 15th. Finally, 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 company from $151.00 to $126.00 in a research report on Monday, July 29th. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Alexandria Real Estate Equities currently has an average rating of "Hold" and an average price target of $127.30.

Alexandria Real Estate Equities Stock Down 0.2 %

Shares of Alexandria Real Estate Equities stock traded down $0.28 during trading on Tuesday, hitting $111.76. 1,134,849 shares of the stock were exchanged, compared to its average volume of 1,005,425. The stock has a market cap of $19.53 billion, a price-to-earnings ratio of 68.15, a price-to-earnings-growth ratio of 4.06 and a beta of 1.16. The firm's 50-day moving average price is $115.07 and its 200 day moving average price is $117.23. Alexandria Real Estate Equities, Inc. has a 12-month low of $102.89 and a 12-month 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 announced 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). Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The company had revenue of $791.60 million during the quarter, compared to analysts' expectations of $766.97 million. During the same period last year, the firm earned $2.26 earnings per share. Alexandria Real Estate Equities's revenue was up 10.9% on a year-over-year basis. As a group, analysts forecast 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 declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $1.30 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.20 dividend on an annualized basis and a yield of 4.65%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently 317.07%.

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.