American Century Companies Inc. Has $6.76 Million Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

American Century Companies Inc. increased its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 14.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 57,773 shares of the real estate investment trust’s stock after acquiring an additional 7,246 shares during the quarter. American Century Companies Inc.’s holdings in Alexandria Real Estate Equities were worth $6,758,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ARE. EverSource Wealth Advisors LLC lifted its stake in shares of 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 worth $30,000 after acquiring an additional 171 shares during the period. Mather Group LLC. acquired a new position in shares of Alexandria Real Estate Equities in the first quarter worth approximately $30,000. UMB Bank n.a. lifted its stake in shares of Alexandria Real Estate Equities by 132.8% in the second quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 154 shares during the period. Rothschild Investment LLC acquired a new position in shares of Alexandria Real Estate Equities in the second quarter worth approximately $33,000. Finally, Riverview Trust Co acquired a new position in shares of Alexandria Real Estate Equities in the first quarter worth approximately $37,000. 96.54% of the stock is owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Stock Up 1.8 %

Shares of NYSE:ARE opened at $124.41 on Wednesday. The stock has a market cap of $21.76 billion, a price-to-earnings ratio of 116.27, a PEG ratio of 4.20 and a beta of 1.16. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.55. Alexandria Real Estate Equities, Inc. has a 12-month low of $90.73 and a 12-month high of $135.45. The business’s 50 day moving average is $118.73 and its 200 day moving average is $119.77.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, July 22nd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.34 by ($2.09). The company had revenue of $766.70 million for the quarter, compared to analysts’ expectations of $775.03 million. Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.24 EPS. On average, sell-side 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 announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $1.30 per share. The ex-dividend date is Monday, September 30th. This represents a $5.20 annualized dividend and a dividend yield of 4.18%. Alexandria Real Estate Equities’s payout ratio is 485.98%.

Wall Street Analyst Weigh In

A number of research firms recently commented on ARE. Jefferies Financial Group lowered 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 note on Friday, August 2nd. Bank of America downgraded Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $151.00 to $126.00 in a report on Monday, July 29th. Wedbush downgraded Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $140.00 to $130.00 in a report on Wednesday, July 24th. Evercore ISI lifted their target price on Alexandria Real Estate Equities from $126.00 to $127.00 and gave the stock an “in-line” rating in a report on Wednesday, August 28th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a report on Tuesday, July 23rd. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $130.70.

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.