254 Shares in Alexandria Real Estate Equities, Inc. (NYSE:ARE) Acquired by Ashton Thomas Securities LLC

Ashton Thomas Securities LLC purchased a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 254 shares of the real estate investment trust’s stock, valued at approximately $30,000.

Other large investors have also recently made changes to their positions in the company. M&G Plc purchased a new position in Alexandria Real Estate Equities in the 1st quarter worth $204,001,000. Pathway Financial Advisers LLC increased its holdings in shares of Alexandria Real Estate Equities by 11,449.8% in the third quarter. Pathway Financial Advisers LLC now owns 1,423,630 shares of the real estate investment trust’s stock worth $169,056,000 after buying an additional 1,411,304 shares during the period. Raymond James & Associates increased its holdings in shares of Alexandria Real Estate Equities by 501.1% in the third quarter. Raymond James & Associates now owns 290,857 shares of the real estate investment trust’s stock worth $34,539,000 after buying an additional 242,466 shares during the period. Vanguard Group Inc. boosted its holdings in Alexandria Real Estate Equities by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 26,784,689 shares of the real estate investment trust’s stock valued at $3,452,814,000 after acquiring an additional 156,643 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp grew its position in Alexandria Real Estate Equities by 138.0% during 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 acquiring an additional 119,541 shares during the last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Price Performance

Shares of ARE stock opened at $108.26 on Friday. The business’s fifty day moving average is $117.50 and its 200 day moving average is $117.98. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.56. The stock has a market cap of $18.92 billion, a price-to-earnings ratio of 66.48, a PEG ratio of 4.05 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a twelve month low of $102.24 and a twelve month high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $2.38 by ($1.42). Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. The business had revenue of $791.60 million during the quarter, compared to analysts’ expectations of $766.97 million. During the same period in the prior year, the company earned $2.26 earnings per share. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. Research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $1.30 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.80%. Alexandria Real Estate Equities’s dividend payout ratio is currently 317.07%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ARE. Jefferies Financial Group lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and dropped their price objective for the company from $136.00 to $127.00 in a research note on Friday, August 2nd. Evercore ISI dropped their price target on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating for the company in a research report on Wednesday, October 23rd. BMO Capital Markets upgraded shares of Alexandria Real Estate Equities to a “hold” rating in a research report on Wednesday, September 25th. Citigroup downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $130.00 to $125.00 in a research note on Friday, September 13th. Finally, Bank of America downgraded Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and reduced their price target for the company from $151.00 to $126.00 in a report on Monday, July 29th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Alexandria Real Estate Equities currently has an average rating of “Hold” and a consensus target price of $131.10.

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.