Townsquare Capital LLC Buys 545 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Townsquare Capital LLC raised its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 24.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,801 shares of the real estate investment trust’s stock after acquiring an additional 545 shares during the period. Townsquare Capital LLC’s holdings in Alexandria Real Estate Equities were worth $333,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of ARE. Catalyst Capital Advisors LLC bought a new stake in shares of Alexandria Real Estate Equities in the 3rd quarter worth approximately $25,000. Ashton Thomas Securities LLC purchased a new position in shares of Alexandria Real Estate Equities during the 3rd quarter valued at about $30,000. UMB Bank n.a. boosted its stake in shares of 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 purchasing an additional 154 shares in the last quarter. Rothschild Investment LLC purchased a new position in Alexandria Real Estate Equities in the 2nd quarter worth $33,000. Finally, Venturi Wealth Management LLC increased its holdings in shares of Alexandria Real Estate Equities by 144.0% in the third quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 180 shares during the period. 96.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and lowered their price objective for the company from $135.00 to $112.00 in a research report on Friday, November 15th. BMO Capital Markets raised shares of Alexandria Real Estate Equities to a “hold” rating in a research report on Wednesday, September 25th. JMP Securities decreased their target price on Alexandria Real Estate Equities from $140.00 to $130.00 and set a “market outperform” rating for the company in a research report on Friday, November 15th. Evercore ISI lowered their price target on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating for the company in a research report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. downgraded Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $133.00 to $121.00 in a research note on Wednesday, November 27th. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $126.73.

Alexandria Real Estate Equities Stock Up 0.5 %

ARE stock opened at $105.43 on Friday. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.56. Alexandria Real Estate Equities, Inc. has a 52 week low of $102.89 and a 52 week high of $135.45. The stock has a market capitalization of $18.42 billion, a P/E ratio of 64.29, a P/E/G ratio of 4.05 and a beta of 1.14. The firm has a 50-day simple moving average of $113.06 and a 200-day simple moving average of $116.59.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.38 by ($1.42). Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The company had revenue of $791.60 million during the quarter, compared to analysts’ expectations of $766.97 million. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.26 earnings per share. Equities analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current fiscal year.

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.