UMB Bank n.a. Raises Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

UMB Bank n.a. grew its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 132.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 270 shares of the real estate investment trust’s stock after purchasing an additional 154 shares during the period. UMB Bank n.a.’s holdings in Alexandria Real Estate Equities were worth $32,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Arkadios Wealth Advisors purchased a new position in shares of Alexandria Real Estate Equities during the second quarter valued at about $314,000. Whittier Trust Co. of Nevada Inc. grew its position in shares of Alexandria Real Estate Equities by 4.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 44,548 shares of the real estate investment trust’s stock valued at $5,211,000 after purchasing an additional 1,723 shares in the last quarter. Whittier Trust Co. grew its position in shares of Alexandria Real Estate Equities by 4.5% during the second quarter. Whittier Trust Co. now owns 81,973 shares of the real estate investment trust’s stock valued at $9,588,000 after purchasing an additional 3,503 shares in the last quarter. HB Wealth Management LLC grew its position in shares of Alexandria Real Estate Equities by 61.3% during the second quarter. HB Wealth Management LLC now owns 2,585 shares of the real estate investment trust’s stock valued at $302,000 after purchasing an additional 982 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its position in shares of Alexandria Real Estate Equities by 350.4% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 33,626 shares of the real estate investment trust’s stock valued at $3,933,000 after purchasing an additional 26,160 shares in the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Up 1.5 %

Shares of NYSE:ARE opened at $119.57 on Friday. Alexandria Real Estate Equities, Inc. has a 1 year low of $90.73 and a 1 year high of $135.45. The business has a 50 day simple moving average of $118.05 and a two-hundred day simple moving average of $119.82. The firm has a market capitalization of $20.91 billion, a PE ratio of 111.75, a price-to-earnings-growth ratio of 4.00 and a beta of 1.15. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.23 and a quick ratio of 0.23.

Alexandria Real Estate Equities (NYSE:ARE) last announced its 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). Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. The business had revenue of $766.70 million for the quarter, compared to analysts’ expectations of $775.03 million. During the same quarter last year, the firm earned $2.24 EPS. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. On average, equities analysts predict that Alexandria Real Estate Equities, Inc. will post 9.48 EPS for the current year.

Alexandria Real Estate Equities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 4.35%. The ex-dividend date of this dividend was Friday, June 28th. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. Alexandria Real Estate Equities’s payout ratio is currently 485.98%.

Insider Activity

In other news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $4.21, for a total transaction of $631,500.00. Following the completion of the sale, the insider now owns 6,005,077 shares of the company’s stock, valued at $25,281,374.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.15% of the company’s stock.

Analyst Upgrades and Downgrades

ARE has been the subject of several recent research reports. Bank of America lowered Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $151.00 to $126.00 in a research report on Monday, July 29th. Jefferies Financial Group lowered 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. Evercore ISI lifted their price target on Alexandria Real Estate Equities from $126.00 to $127.00 and gave the stock an “in-line” rating in a research report on Wednesday. Wedbush lowered Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $140.00 to $130.00 in a research report on Wednesday, July 24th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a research report on Tuesday, July 23rd. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $131.33.

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.