Pictet Asset Management SA Increases Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Pictet Asset Management SA grew its holdings in Alexandria Real Estate Equities, Inc. (NYSE:AREGet Rating) by 3.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 118,620 shares of the real estate investment trust’s stock after buying an additional 4,426 shares during the quarter. Pictet Asset Management SA owned 0.07% of Alexandria Real Estate Equities worth $17,203,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. DB Wealth Management Group LLC purchased a new stake in shares of Alexandria Real Estate Equities in the first quarter valued at approximately $26,000. Tcwp LLC purchased a new stake in shares of Alexandria Real Estate Equities in the first quarter valued at approximately $31,000. Glassman Wealth Services increased its position in shares of Alexandria Real Estate Equities by 137.2% in the second quarter. Glassman Wealth Services now owns 204 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 118 shares in the last quarter. Anson Funds Management LP purchased a new stake in shares of Alexandria Real Estate Equities in the first quarter valued at approximately $42,000. Finally, Clear Street Markets LLC increased its position in shares of Alexandria Real Estate Equities by 420.0% in the second quarter. Clear Street Markets LLC now owns 312 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 252 shares in the last quarter. 91.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ARE has been the subject of several research reports. JMP Securities reiterated a “buy” rating and set a $180.00 price target on shares of Alexandria Real Estate Equities in a research report on Thursday, October 6th. Royal Bank of Canada dropped their price target on Alexandria Real Estate Equities from $220.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, November 10th. BTIG Research dropped their price target on Alexandria Real Estate Equities from $233.00 to $186.00 in a research report on Wednesday, October 19th. Evercore ISI dropped their price target on Alexandria Real Estate Equities from $194.00 to $182.00 and set an “outperform” rating for the company in a research report on Tuesday, September 27th. Finally, Mizuho boosted their price target on Alexandria Real Estate Equities from $172.00 to $178.00 and gave the stock a “buy” rating in a research report on Monday, September 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Alexandria Real Estate Equities currently has a consensus rating of “Moderate Buy” and a consensus price target of $177.67.

Alexandria Real Estate Equities Stock Performance

NYSE ARE opened at $147.38 on Thursday. The stock’s fifty day moving average is $142.76 and its two-hundred day moving average is $151.28. The firm has a market capitalization of $24.18 billion, a P/E ratio of 44.80, a price-to-earnings-growth ratio of 2.32 and a beta of 0.91. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.37 and a current ratio of 0.37. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $126.74 and a fifty-two week high of $224.95.

Alexandria Real Estate Equities (NYSE:AREGet Rating) last released its quarterly earnings data on Tuesday, October 25th. The real estate investment trust reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.12 by ($0.01). Alexandria Real Estate Equities had a return on equity of 3.03% and a net margin of 21.73%. The company had revenue of $659.90 million for the quarter, compared to analyst estimates of $657.48 million. During the same period last year, the firm posted $1.95 EPS. The business’s quarterly revenue was up 20.5% on a year-over-year basis. On average, research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 8.41 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 14th. Stockholders of record on Friday, September 30th were paid a $1.18 dividend. This represents a $4.72 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend was Thursday, September 29th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 143.47%.

Alexandria Real Estate Equities Company Profile

(Get Rating)

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> urban office real estate investment trust ("REIT"), is the first, longest-tenured, and pioneering owner, operator, and developer uniquely focused on collaborative life science, technology, and agtech campuses in AAA innovation cluster locations, with a total market capitalization of $31.9 billion as of December 31, 2020, and an asset base in North America of 49.7 million square feet ("SF").

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Institutional Ownership by Quarter for Alexandria Real Estate Equities (NYSE:ARE)

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