Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Bought by Wedbush Securities Inc.

Wedbush Securities Inc. increased its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 13.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,985 shares of the real estate investment trust’s stock after buying an additional 347 shares during the quarter. Wedbush Securities Inc.’s holdings in Alexandria Real Estate Equities were worth $349,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC raised its position in Alexandria Real Estate Equities by 275.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 233 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 171 shares in the last quarter. Mather Group LLC. acquired a new stake in Alexandria Real Estate Equities during the first quarter valued at approximately $30,000. UMB Bank n.a. boosted its holdings 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 buying an additional 154 shares in the last quarter. Rothschild Investment LLC acquired a new position in Alexandria Real Estate Equities in the second quarter worth approximately $33,000. Finally, Riverview Trust Co bought a new position in shares of Alexandria Real Estate Equities in the first quarter valued at $37,000. Institutional investors and hedge funds own 96.54% of the company’s stock.

Analysts Set New Price Targets

ARE has been the subject of several research reports. JMP Securities reissued a “market outperform” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a research note on Tuesday, July 23rd. Citigroup cut Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $130.00 to $125.00 in a research note on Friday. Jefferies Financial Group lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their price objective for the company from $136.00 to $127.00 in a research note on Friday, August 2nd. Bank of America downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $151.00 to $126.00 in a research report on Monday, July 29th. Finally, Royal Bank of Canada reduced their target price on 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. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $130.70.

Alexandria Real Estate Equities Stock Up 2.1 %

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

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, July 22nd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.34 by ($2.09). The business 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 business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the business earned $2.24 EPS. As a group, equities research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 4.18%. The ex-dividend date is Monday, September 30th. Alexandria Real Estate Equities’s payout ratio is presently 485.99%.

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.