2,931 Shares in Alexandria Real Estate Equities, Inc. (NYSE:ARE) Purchased by Choreo LLC

Choreo LLC acquired a new position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 2,931 shares of the real estate investment trust’s stock, valued at approximately $339,000.

Several other large investors also recently bought and sold shares of ARE. EverSource Wealth Advisors LLC increased its position in shares of Alexandria Real Estate Equities by 275.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 233 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 171 shares in the last quarter. Mather Group LLC. purchased a new stake in shares of Alexandria Real Estate Equities during the first quarter worth $30,000. UMB Bank n.a. raised its position in shares of Alexandria Real Estate Equities by 132.8% in the second quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 154 shares during the last quarter. Rothschild Investment LLC purchased a new position in shares of Alexandria Real Estate Equities in the second quarter worth about $33,000. Finally, Riverview Trust Co acquired a new position in Alexandria Real Estate Equities during the first quarter worth about $37,000. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on ARE. Royal Bank of Canada cut their price objective on shares of Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating for the company in a report on Monday, August 5th. Jefferies Financial Group downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and cut their target price for the stock from $136.00 to $127.00 in a research note on Friday, August 2nd. Bank of America cut shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and lowered their price target for the company from $151.00 to $126.00 in a research report on Monday, July 29th. Citigroup cut shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $130.00 to $125.00 in a research report on Friday, September 13th. Finally, Evercore ISI boosted their target price on shares of Alexandria Real Estate Equities from $126.00 to $127.00 and gave the company an “in-line” rating in a report on Wednesday, August 28th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Alexandria Real Estate Equities presently has an average rating of “Hold” and an average target price of $130.70.

Alexandria Real Estate Equities Stock Down 0.6 %

Alexandria Real Estate Equities stock opened at $124.01 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.23 and a current ratio of 0.23. The firm has a 50 day moving average price of $118.90 and a 200 day moving average price of $119.85. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $90.73 and a fifty-two week high of $135.45. The company has a market capitalization of $21.69 billion, a PE ratio of 115.90, a price-to-earnings-growth ratio of 4.20 and a beta of 1.16.

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 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 firm had revenue of $766.70 million during the quarter, compared to analysts’ expectations of $775.03 million. During the same quarter in the prior year, the firm posted $2.24 EPS. Alexandria Real Estate Equities’s quarterly revenue was up 7.4% compared to the same quarter last year. Research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 4.19%. The ex-dividend date is Monday, September 30th. Alexandria Real Estate Equities’s payout ratio is currently 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.