PFG Investments LLC Has $280,000 Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

PFG Investments LLC grew its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 5.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,392 shares of the real estate investment trust’s stock after purchasing an additional 115 shares during the period. PFG Investments LLC’s holdings in Alexandria Real Estate Equities were worth $280,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ARE. Fulton Bank N.A. grew its stake in shares of Alexandria Real Estate Equities by 4.2% in the first quarter. Fulton Bank N.A. now owns 2,074 shares of the real estate investment trust’s stock valued at $267,000 after buying an additional 83 shares in the last quarter. Arbor Capital Management Inc. ADV grew its stake in shares of Alexandria Real Estate Equities by 1.1% in the second quarter. Arbor Capital Management Inc. ADV now owns 8,639 shares of the real estate investment trust’s stock valued at $1,000,000 after buying an additional 93 shares in the last quarter. SPC Financial Inc. grew its stake in shares of Alexandria Real Estate Equities by 5.4% in the first quarter. SPC Financial Inc. now owns 1,950 shares of the real estate investment trust’s stock valued at $251,000 after buying an additional 100 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Alexandria Real Estate Equities by 0.7% in the second quarter. Oregon Public Employees Retirement Fund now owns 13,544 shares of the real estate investment trust’s stock valued at $1,584,000 after buying an additional 100 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Alexandria Real Estate Equities by 7.9% in the second quarter. GAMMA Investing LLC now owns 1,414 shares of the real estate investment trust’s stock valued at $165,000 after buying an additional 103 shares in the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Stock Up 2.1 %

ARE stock opened at $124.42 on Friday. The company has a market cap of $21.76 billion, a PE ratio of 116.28, a price-to-earnings-growth ratio of 4.20 and a beta of 1.16. The business has a 50-day simple moving average of $118.58 and a 200 day simple moving average of $119.88. Alexandria Real Estate Equities, Inc. has a 52 week low of $90.73 and a 52 week high of $135.45. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.55.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $2.34 by ($2.09). The company had revenue of $766.70 million during the quarter, compared to analyst estimates of $775.03 million. Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the firm earned $2.24 EPS. Sell-side analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date is Monday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 485.99%.

Analyst Ratings Changes

Several research firms recently weighed in on ARE. JMP Securities reissued a “market outperform” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a research note on Tuesday, July 23rd. Royal Bank of Canada reduced 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 research report on Monday, August 5th. Jefferies Financial Group cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $136.00 to $127.00 in a research report on Friday, August 2nd. Wedbush cut shares of Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $140.00 to $130.00 in a research report on Wednesday, July 24th. Finally, 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. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $130.70.

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.