Blue Trust Inc. Lowers Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Blue Trust Inc. lowered its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:AREFree Report) by 39.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,399 shares of the real estate investment trust’s stock after selling 1,584 shares during the quarter. Blue Trust Inc.’s holdings in Alexandria Real Estate Equities were worth $281,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. UMB Bank n.a. raised its position in shares of Alexandria Real Estate Equities by 132.8% in the 2nd quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 154 shares during the last quarter. Rothschild Investment LLC purchased a new position in shares of Alexandria Real Estate Equities in the 2nd quarter worth about $33,000. Global X Japan Co. Ltd. purchased a new position in shares of Alexandria Real Estate Equities in the 2nd quarter worth about $43,000. M&R Capital Management Inc. purchased a new position in shares of Alexandria Real Estate Equities in the 3rd quarter worth about $50,000. Finally, Hilltop National Bank raised its position in shares of Alexandria Real Estate Equities by 27.0% in the 2nd quarter. Hilltop National Bank now owns 686 shares of the real estate investment trust’s stock worth $80,000 after purchasing an additional 146 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on ARE. Royal Bank of Canada reiterated a “sector perform” rating and issued a $125.00 price objective (down from $130.00) on shares of Alexandria Real Estate Equities in a report on Thursday. Bank of America downgraded Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $151.00 to $126.00 in a report on Monday, July 29th. BMO Capital Markets upgraded Alexandria Real Estate Equities to a “hold” rating in a report on Wednesday, September 25th. Evercore ISI cut their price target on Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating for the company in a research note on Wednesday. Finally, Wedbush cut their price target on Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating for the company in a research note on Wednesday. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $131.22.

Get Our Latest Stock Report on ARE

Alexandria Real Estate Equities Trading Down 2.9 %

Shares of NYSE:ARE opened at $116.38 on Friday. Alexandria Real Estate Equities, Inc. has a 52-week low of $90.73 and a 52-week high of $135.45. The stock has a market cap of $20.35 billion, a price-to-earnings ratio of 108.74, a PEG ratio of 3.99 and a beta of 1.16. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.55. The business has a 50-day moving average price of $119.18 and a 200-day moving average price of $118.79.

Alexandria Real Estate Equities (NYSE:AREGet Free Report) last posted its earnings results on Monday, October 21st. The real estate investment trust reported $0.96 EPS for the quarter, missing the consensus estimate of $2.38 by ($1.42). The company had revenue of $791.60 million for the quarter, compared to analyst estimates of $766.97 million. Alexandria Real Estate Equities had a return on equity of 0.68% and a net margin of 5.09%. The firm’s revenue was up 10.9% on a year-over-year basis. During the same period last year, the business earned $2.26 earnings per share. Equities analysts predict that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 4.47%. The ex-dividend date was Monday, September 30th. Alexandria Real Estate Equities’s payout ratio is currently 485.98%.

Alexandria Real Estate Equities Profile

(Free Report)

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.

See Also

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

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