Empowered Funds LLC Acquires 259 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Empowered Funds LLC grew its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 9.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 2,903 shares of the real estate investment trust’s stock after acquiring an additional 259 shares during the quarter. Empowered Funds LLC’s holdings in Alexandria Real Estate Equities were worth $345,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ARE. BDF Gestion acquired a new position in Alexandria Real Estate Equities during the second quarter worth $2,560,000. CIBC Asset Management Inc increased its position in shares of Alexandria Real Estate Equities by 67.3% during the 3rd quarter. CIBC Asset Management Inc now owns 37,276 shares of the real estate investment trust’s stock worth $4,427,000 after purchasing an additional 14,992 shares in the last quarter. Kingswood Wealth Advisors LLC increased its position in shares of Alexandria Real Estate Equities by 99.2% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 9,660 shares of the real estate investment trust’s stock worth $1,130,000 after purchasing an additional 4,811 shares in the last quarter. Pathway Financial Advisers LLC lifted its holdings in Alexandria Real Estate Equities by 11,449.8% during the 3rd quarter. Pathway Financial Advisers LLC now owns 1,423,630 shares of the real estate investment trust’s stock valued at $169,056,000 after purchasing an additional 1,411,304 shares during the last quarter. Finally, LBP AM SA boosted its position in Alexandria Real Estate Equities by 136.4% in the first quarter. LBP AM SA now owns 9,899 shares of the real estate investment trust’s stock valued at $1,276,000 after buying an additional 5,711 shares in the last quarter. 96.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ARE has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $135.00 to $112.00 in a report on Friday, November 15th. Citigroup downgraded Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and cut their price objective for the company from $130.00 to $125.00 in a research report on Friday, September 13th. Jefferies Financial Group cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and decreased their target price for the stock from $136.00 to $127.00 in a report on Friday, August 2nd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $125.00 price target (down from $130.00) on shares of Alexandria Real Estate Equities in a report on Thursday, October 24th. Finally, BMO Capital Markets raised shares of Alexandria Real Estate Equities to a “hold” rating in a report on Wednesday, September 25th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $127.30.

Alexandria Real Estate Equities Price Performance

ARE opened at $112.10 on Tuesday. The stock has a market cap of $19.59 billion, a P/E ratio of 68.35, a P/E/G ratio of 4.06 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a 12 month low of $102.89 and a 12 month 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. The company has a fifty day simple moving average of $115.32 and a 200 day simple moving average of $117.30.

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

Alexandria Real Estate Equities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date was Monday, September 30th. Alexandria Real Estate Equities’s payout ratio is presently 317.07%.

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.