Apollon Wealth Management LLC Purchases 587 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Apollon Wealth Management LLC grew its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 29.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,553 shares of the real estate investment trust’s stock after purchasing an additional 587 shares during the quarter. Apollon Wealth Management LLC’s holdings in Alexandria Real Estate Equities were worth $303,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of ARE. Venturi Wealth Management LLC grew its position in Alexandria Real Estate Equities by 144.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 180 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in Alexandria Real Estate Equities during the 3rd quarter worth approximately $30,000. Los Angeles Capital Management LLC grew its position in Alexandria Real Estate Equities by 513.0% during the 3rd quarter. Los Angeles Capital Management LLC now owns 126,733 shares of the real estate investment trust’s stock worth $15,050,000 after acquiring an additional 106,060 shares during the last quarter. Atria Investments Inc grew its position in Alexandria Real Estate Equities by 33.2% during the 3rd quarter. Atria Investments Inc now owns 30,262 shares of the real estate investment trust’s stock worth $3,594,000 after acquiring an additional 7,551 shares during the last quarter. Finally, Demars Financial Group LLC grew its position in Alexandria Real Estate Equities by 22.2% during the 3rd quarter. Demars Financial Group LLC now owns 4,976 shares of the real estate investment trust’s stock worth $591,000 after acquiring an additional 904 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors.

Alexandria Real Estate Equities Trading Down 2.5 %

ARE opened at $105.58 on Monday. The business has a 50 day moving average of $117.10 and a 200-day moving average of $117.84. The stock has a market cap of $18.45 billion, a PE ratio of 64.38, a PEG ratio of 3.95 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a 52 week low of $102.24 and a 52 week high of $135.45. 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 (NYSE:ARE) last announced its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.38 by ($1.42). The company had revenue of $791.60 million for the quarter, compared to analysts’ expectations of $766.97 million. Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. 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 firm posted $2.26 EPS. Equities research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 4.93%. The ex-dividend date of this dividend was Monday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio is currently 317.07%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $125.00 price objective (down from $130.00) on shares of Alexandria Real Estate Equities in a research report on Thursday, October 24th. Robert W. Baird cut their price objective on Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. JMP Securities cut their price objective on Alexandria Real Estate Equities from $140.00 to $130.00 and set a “market outperform” rating on the stock in a research report on Friday. Deutsche Bank Aktiengesellschaft lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and cut their price objective for the stock from $135.00 to $112.00 in a research report on Friday. Finally, Citigroup lowered 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. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $127.30.

Alexandria Real Estate Equities Company 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.