CX Institutional Makes New $117,000 Investment in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

CX Institutional purchased a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,270 shares of the real estate investment trust’s stock, valued at approximately $117,000.

Several other hedge funds also recently modified their holdings of the company. Proficio Capital Partners LLC acquired a new stake in shares of Alexandria Real Estate Equities in the fourth quarter worth approximately $29,000. EverSource Wealth Advisors LLC boosted its position in shares of Alexandria Real Estate Equities by 57.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 109 shares during the last quarter. Colonial Trust Co SC boosted its position in shares of Alexandria Real Estate Equities by 514.3% in the fourth quarter. Colonial Trust Co SC now owns 301 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 252 shares during the last quarter. Cary Street Partners Financial LLC acquired a new stake in shares of Alexandria Real Estate Equities in the fourth quarter worth approximately $50,000. Finally, True Wealth Design LLC raised its holdings in Alexandria Real Estate Equities by 663.5% in the fourth quarter. True Wealth Design LLC now owns 649 shares of the real estate investment trust’s stock valued at $63,000 after buying an additional 564 shares during the period. 96.54% of the stock is owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Trading Up 0.7%

ARE opened at $72.62 on Tuesday. The firm has a market capitalization of $12.56 billion, a P/E ratio of 40.34, a P/E/G ratio of 3.93 and a beta of 1.25. The firm’s 50 day moving average is $73.41 and its 200-day moving average is $89.25. Alexandria Real Estate Equities, Inc. has a 52-week low of $67.37 and a 52-week high of $130.14. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.28 by $0.02. The company had revenue of $758.16 million for the quarter, compared to analyst estimates of $755.64 million. Alexandria Real Estate Equities had a net margin of 10.36% and a return on equity of 1.43%. The business’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.35 earnings per share. Analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a dividend yield of 7.27%. The ex-dividend date is Monday, June 30th. Alexandria Real Estate Equities’s payout ratio is currently 694.74%.

Wall Street Analysts Forecast Growth

ARE has been the topic of several research reports. Wall Street Zen upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, April 3rd. JPMorgan Chase & Co. cut their price target on shares of Alexandria Real Estate Equities from $117.00 to $95.00 and set a “neutral” rating on the stock in a report on Tuesday, May 20th. JMP Securities restated a “market outperform” rating and issued a $130.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, April 30th. Finally, Jefferies Financial Group initiated coverage on shares of Alexandria Real Estate Equities in a report on Monday, March 17th. They issued a “hold” rating and a $100.00 price target on the stock. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $116.00.

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.