Park Avenue Securities LLC Boosts Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Park Avenue Securities LLC grew its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 8.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 3,504 shares of the real estate investment trust’s stock after acquiring an additional 275 shares during the period. Park Avenue Securities LLC’s holdings in Alexandria Real Estate Equities were worth $416,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. M&G Plc purchased a new stake in shares of Alexandria Real Estate Equities in the 1st quarter worth approximately $204,001,000. Russell Investments Group Ltd. grew its stake in shares of Alexandria Real Estate Equities by 153.0% in the 1st quarter. Russell Investments Group Ltd. now owns 777,345 shares of the real estate investment trust’s stock worth $100,205,000 after buying an additional 470,076 shares during the last quarter. DAVENPORT & Co LLC purchased a new stake in shares of Alexandria Real Estate Equities in the 1st quarter worth approximately $55,075,000. Vanguard Group Inc. grew its stake in shares of Alexandria Real Estate Equities by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 26,784,689 shares of the real estate investment trust’s stock worth $3,452,814,000 after buying an additional 156,643 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Alexandria Real Estate Equities by 138.0% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 206,146 shares of the real estate investment trust’s stock worth $26,149,000 after buying an additional 119,541 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ARE. JMP Securities restated a “market outperform” rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a research note on Tuesday, July 23rd. Evercore ISI upped their price objective on Alexandria Real Estate Equities from $126.00 to $127.00 and gave the company an “in-line” rating in a research report on Wednesday, August 28th. Bank of America cut Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $151.00 to $126.00 in a research report on Monday, July 29th. Jefferies Financial Group cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and lowered their price objective for the company from $136.00 to $127.00 in a research report on Friday, August 2nd. Finally, Royal Bank of Canada lowered their price objective on Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating on the stock in a research report on Monday, August 5th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Alexandria Real Estate Equities presently has a consensus rating of “Hold” and a consensus target price of $133.22.

Alexandria Real Estate Equities Price Performance

NYSE ARE opened at $117.60 on Friday. The business’s fifty day moving average price is $118.00 and its 200-day moving average price is $119.08. The stock has a market capitalization of $20.57 billion, a price-to-earnings ratio of 109.91, a PEG ratio of 3.99 and a beta of 1.16. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.23 and a quick ratio of 0.23. Alexandria Real Estate Equities, Inc. has a 1-year low of $90.73 and a 1-year high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results 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 net margin of 5.09% and a return on equity of 0.68%. Alexandria Real Estate Equities’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.24 earnings per share. On average, equities analysts predict that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently declared 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. The ex-dividend date is Monday, September 30th. This represents a $5.20 annualized dividend and a dividend yield of 4.42%. Alexandria Real Estate Equities’s payout ratio is 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.