First Trust Direct Indexing L.P. Has $443,000 Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

First Trust Direct Indexing L.P. boosted its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 6.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,729 shares of the real estate investment trust’s stock after acquiring an additional 228 shares during the period. First Trust Direct Indexing L.P.’s holdings in Alexandria Real Estate Equities were worth $443,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. lifted its position in Alexandria Real Estate Equities by 132.8% during the 2nd 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 last quarter. Rothschild Investment LLC acquired a new position in Alexandria Real Estate Equities during the 2nd quarter worth $33,000. Global X Japan Co. Ltd. acquired a new position in Alexandria Real Estate Equities during the 2nd quarter worth $43,000. M&R Capital Management Inc. acquired a new position in shares of Alexandria Real Estate Equities during the third quarter valued at about $50,000. Finally, Hilltop National Bank raised its position in shares of Alexandria Real Estate Equities by 27.0% during the second quarter. Hilltop National Bank now owns 686 shares of the real estate investment trust’s stock valued at $80,000 after buying an additional 146 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Price Performance

Shares of Alexandria Real Estate Equities stock opened at $110.86 on Monday. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $19.37 billion, a price-to-earnings ratio of 67.60, a P/E/G ratio of 4.17 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a 1-year low of $93.17 and a 1-year high of $135.45. The firm’s 50-day moving average price is $118.66 and its two-hundred day moving average price is $118.30.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share for the quarter, missing the consensus estimate of $2.38 by ($1.42). The firm had revenue of $791.60 million for the quarter, compared to the consensus estimate of $766.97 million. Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. Alexandria Real Estate Equities’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.26 earnings per share. On average, equities analysts predict that Alexandria Real Estate Equities, Inc. will post 9.48 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $1.30 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.20 annualized dividend and a yield of 4.69%. Alexandria Real Estate Equities’s dividend payout ratio is 317.07%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a research report on Tuesday, July 23rd. Wedbush cut their price objective on shares of Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. BMO Capital Markets raised shares of Alexandria Real Estate Equities to a “hold” rating in a research report on Wednesday, September 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $125.00 price objective (down previously from $130.00) on shares of Alexandria Real Estate Equities in a research report on Thursday, October 24th. Finally, Jefferies Financial Group lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and dropped their price target for the stock from $136.00 to $127.00 in a research report on Friday, August 2nd. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $131.22.

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.