1,633 Shares in Alexandria Real Estate Equities, Inc. (NYSE:ARE) Bought by Park Place Capital Corp

Park Place Capital Corp bought a new position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the 3rd quarter, Holdings Channel reports. The fund bought 1,633 shares of the real estate investment trust’s stock, valued at approximately $194,000.

Other hedge funds also recently bought and sold shares of the company. Fulton Bank N.A. increased its position in Alexandria Real Estate Equities by 4.2% in the 1st quarter. Fulton Bank N.A. now owns 2,074 shares of the real estate investment trust’s stock worth $267,000 after buying an additional 83 shares during the period. Arbor Capital Management Inc. ADV grew its position in Alexandria Real Estate Equities by 1.1% during the second quarter. Arbor Capital Management Inc. ADV now owns 8,639 shares of the real estate investment trust’s stock worth $1,000,000 after buying an additional 93 shares in the last quarter. SPC Financial Inc. raised its holdings in Alexandria Real Estate Equities by 5.4% in the 1st quarter. SPC Financial Inc. now owns 1,950 shares of the real estate investment trust’s stock valued at $251,000 after acquiring an additional 100 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Alexandria Real Estate Equities by 0.7% during the second quarter. Oregon Public Employees Retirement Fund now owns 13,544 shares of the real estate investment trust’s stock valued at $1,584,000 after purchasing an additional 100 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Alexandria Real Estate Equities by 7.9% in the 2nd quarter. GAMMA Investing LLC now owns 1,414 shares of the real estate investment trust’s stock valued at $165,000 after buying an additional 103 shares in the last quarter. 96.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Royal Bank of Canada lowered their target price on shares of Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating on the stock in a report on Monday, August 5th. Bank of America lowered Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and cut their price target for the company from $151.00 to $126.00 in a research note on Monday, July 29th. Wedbush cut Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $140.00 to $130.00 in a report on Wednesday, July 24th. Citigroup downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $130.00 to $125.00 in a research note on Friday, September 13th. Finally, BMO Capital Markets upgraded Alexandria Real Estate Equities to a “hold” rating in a research report on Wednesday, September 25th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $130.70.

Alexandria Real Estate Equities Price Performance

Shares of NYSE ARE opened at $113.80 on Wednesday. The firm has a market cap of $19.90 billion, a PE ratio of 106.36, a PEG ratio of 4.26 and a beta of 1.16. The company has a fifty day moving average price of $118.07 and a 200 day moving average price of $119.32. Alexandria Real Estate Equities, Inc. has a 1-year low of $90.73 and a 1-year high of $135.45. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.55.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.34 by ($2.09). The business 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 revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the business earned $2.24 earnings per share. Research analysts predict 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 issued a dividend of $1.30 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $5.20 annualized dividend and a yield of 4.57%. Alexandria Real Estate Equities’s payout ratio is presently 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.