Core Alternative Capital Has $3.23 Million Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Core Alternative Capital increased its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 7.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,631 shares of the real estate investment trust’s stock after acquiring an additional 1,883 shares during the period. Core Alternative Capital’s holdings in Alexandria Real Estate Equities were worth $3,232,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mather Group LLC. acquired a new stake in shares of Alexandria Real Estate Equities in the first quarter valued at $30,000. UMB Bank n.a. increased its position 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 acquiring an additional 154 shares in the last quarter. Rothschild Investment LLC bought a new position in shares of Alexandria Real Estate Equities in the second quarter worth about $33,000. Riverview Trust Co acquired a new position in shares of Alexandria Real Estate Equities during the first quarter worth approximately $37,000. Finally, Global X Japan Co. Ltd. bought a new stake in shares of Alexandria Real Estate Equities during the second quarter valued at approximately $43,000. 96.54% of the stock is owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Stock Down 0.5 %

Shares of NYSE ARE opened at $121.02 on Monday. 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 debt-to-equity ratio of 0.55, a quick ratio of 0.23 and a current ratio of 0.23. The stock has a market cap of $21.16 billion, a P/E ratio of 113.10, a P/E/G ratio of 4.26 and a beta of 1.16. The firm has a 50 day moving average price of $118.46 and a 200 day moving average price of $119.69.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly 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 firm had revenue of $766.70 million during the quarter, compared to analyst estimates of $775.03 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 7.4% on a year-over-year basis. During the same period last year, the firm earned $2.24 EPS. Analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $1.30 dividend. The ex-dividend date is Monday, September 30th. This represents a $5.20 annualized dividend and a dividend yield of 4.30%. Alexandria Real Estate Equities’s dividend payout ratio is presently 485.98%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Citigroup cut shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $130.00 to $125.00 in a research report on Friday, September 13th. Jefferies Financial Group lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and cut their price target for the company from $136.00 to $127.00 in a research note on Friday, August 2nd. BMO Capital Markets upgraded Alexandria Real Estate Equities to a “hold” rating in a research report on Wednesday, September 25th. Royal Bank of Canada dropped their price objective on Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating for the company in a report on Monday, August 5th. Finally, Bank of America lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and reduced their target price for the company from $151.00 to $126.00 in a research note on Monday, July 29th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $130.70.

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.