Sequoia Financial Advisors LLC Raises Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Sequoia Financial Advisors LLC increased its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 38.1% during the 3rd quarter, Holdings Channel reports. The fund owned 3,238 shares of the real estate investment trust’s stock after purchasing an additional 893 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Alexandria Real Estate Equities were worth $385,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of ARE. Vanguard Group Inc. grew its stake in shares of Alexandria Real Estate Equities by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 26,784,689 shares of the real estate investment trust’s stock worth $3,452,814,000 after purchasing an additional 156,643 shares during the period. Canada Pension Plan Investment Board boosted its holdings in Alexandria Real Estate Equities by 0.9% during the second quarter. Canada Pension Plan Investment Board now owns 4,073,312 shares of the real estate investment trust’s stock worth $476,455,000 after buying an additional 35,216 shares in the last quarter. M&G Plc grew its position in Alexandria Real Estate Equities by 4.9% during the second quarter. M&G Plc now owns 1,659,092 shares of the real estate investment trust’s stock valued at $194,114,000 after buying an additional 77,686 shares during the period. Thrivent Financial for Lutherans increased its holdings in Alexandria Real Estate Equities by 1.0% in the second quarter. Thrivent Financial for Lutherans now owns 1,050,991 shares of the real estate investment trust’s stock valued at $122,934,000 after buying an additional 10,576 shares in the last quarter. Finally, Jennison Associates LLC raised its position in shares of Alexandria Real Estate Equities by 0.7% in the first quarter. Jennison Associates LLC now owns 1,017,986 shares of the real estate investment trust’s stock worth $131,229,000 after acquiring an additional 7,043 shares during the period. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ARE. Royal Bank of Canada restated a “sector perform” rating and issued a $125.00 price target (down previously from $130.00) on shares of Alexandria Real Estate Equities in a research note on Thursday. Jefferies Financial Group cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and cut their price objective for the company from $136.00 to $127.00 in a research report on Friday, August 2nd. Bank of America lowered Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and decreased their target price for the company from $151.00 to $126.00 in a research report on Monday, July 29th. Wedbush cut their price target on shares of Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Finally, Evercore ISI decreased their price objective on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating on the stock in a report on Wednesday, October 23rd. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Alexandria Real Estate Equities has a consensus rating of “Hold” and a consensus price target of $131.22.

Alexandria Real Estate Equities Stock Performance

NYSE:ARE opened at $113.02 on Monday. The company has a market cap of $19.77 billion, a P/E ratio of 105.63, a P/E/G ratio of 3.99 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a twelve month low of $90.73 and a twelve month high of $135.45. The company’s 50-day moving average price is $119.17 and its 200-day moving average price is $118.57. 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 results on Monday, October 21st. The real estate investment trust reported $0.96 EPS for the quarter, missing the consensus estimate of $2.38 by ($1.42). The company had revenue of $791.60 million during the quarter, compared to analyst estimates of $766.97 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 10.9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.26 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $1.30 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.20 annualized dividend and a dividend yield of 4.60%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 485.98%.

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.