Pacer Advisors Inc. Has $1.30 Million Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Pacer Advisors Inc. increased its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 4.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,068 shares of the real estate investment trust’s stock after buying an additional 490 shares during the period. Pacer Advisors Inc.’s holdings in Alexandria Real Estate Equities were worth $1,295,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in ARE. Mather Group LLC. bought a new position in Alexandria Real Estate Equities during the first quarter worth $30,000. UMB Bank n.a. boosted its position in Alexandria Real Estate Equities by 132.8% during the second quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 154 shares during the period. Rothschild Investment LLC bought a new position in Alexandria Real Estate Equities during the second quarter worth $33,000. Riverview Trust Co bought a new position in Alexandria Real Estate Equities during the first quarter worth $37,000. Finally, Global X Japan Co. Ltd. bought a new position in Alexandria Real Estate Equities during the second quarter worth $43,000. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Trading Down 0.5 %

ARE opened at $121.03 on Friday. Alexandria Real Estate Equities, Inc. has a twelve month low of $90.73 and a twelve month high of $135.45. The company has a 50-day simple moving average of $118.54 and a 200 day simple moving average of $119.82. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $21.17 billion, a price-to-earnings ratio of 113.11, a P/E/G ratio of 4.26 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 for the quarter, missing the consensus estimate of $2.34 by ($2.09). The firm had revenue of $766.70 million for the quarter, compared to the consensus estimate of $775.03 million. Alexandria Real Estate Equities had a return on equity of 0.68% and a net margin of 5.09%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.24 EPS. Analysts predict that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders 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 4.30%. The ex-dividend date of this dividend is Monday, September 30th. Alexandria Real Estate Equities’s payout ratio is 485.98%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Evercore ISI lifted their price objective on shares of Alexandria Real Estate Equities from $126.00 to $127.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 28th. JMP Securities reissued a “market outperform” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a research report on Tuesday, July 23rd. Wedbush cut shares of Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $140.00 to $130.00 in a research report on Wednesday, July 24th. Citigroup cut shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and reduced their target price for the company from $130.00 to $125.00 in a research report on Friday, September 13th. Finally, Bank of America cut shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and reduced their target price for the company from $151.00 to $126.00 in a research report on Monday, July 29th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $130.70.

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.