Banque Cantonale Vaudoise Makes New $186,000 Investment in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Banque Cantonale Vaudoise acquired a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,584 shares of the real estate investment trust’s stock, valued at approximately $186,000.

Several other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake in Alexandria Real Estate Equities by 275.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 233 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 171 shares in the last quarter. Mather Group LLC. acquired a new stake in shares of Alexandria Real Estate Equities during the 1st quarter worth about $30,000. UMB Bank n.a. lifted its stake in Alexandria Real Estate Equities by 132.8% during the second quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 154 shares during the last quarter. Benjamin F. Edwards & Company Inc. acquired a new position in Alexandria Real Estate Equities in the fourth quarter valued at approximately $35,000. Finally, Rothschild Investment LLC purchased a new position in Alexandria Real Estate Equities in the second quarter valued at approximately $33,000. 96.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ARE. Evercore ISI upped their target price on shares of Alexandria Real Estate Equities from $126.00 to $127.00 and gave the company an “in-line” rating in a report on Wednesday, August 28th. Royal Bank of Canada decreased their price objective on shares of Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating for the company in a research note on Monday, August 5th. Bank of America cut Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and cut their target price for the stock from $151.00 to $126.00 in a research report on Monday, July 29th. Wedbush cut Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $140.00 to $130.00 in a research report on Wednesday, July 24th. Finally, JMP Securities restated a “market outperform” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a research note on Tuesday, July 23rd. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $131.33.

Alexandria Real Estate Equities Stock Down 1.0 %

ARE opened at $118.43 on Wednesday. Alexandria Real Estate Equities, Inc. has a 52 week low of $90.73 and a 52 week high of $135.45. The business has a 50 day moving average price of $118.12 and a two-hundred day moving average price of $119.91. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.55. The company has a market cap of $20.71 billion, a PE ratio of 110.68, a P/E/G ratio of 4.17 and a beta of 1.15.

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

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.