Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Acquired by Cetera Investment Advisers

Cetera Investment Advisers increased its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 15.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,977 shares of the real estate investment trust’s stock after buying an additional 3,997 shares during the quarter. Cetera Investment Advisers’ holdings in Alexandria Real Estate Equities were worth $2,773,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ARE. Colonial Trust Co SC lifted its holdings in shares of Alexandria Real Estate Equities by 514.3% during the 4th quarter. Colonial Trust Co SC now owns 301 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 252 shares in the last quarter. Tsfg LLC purchased a new position in Alexandria Real Estate Equities in the first quarter valued at about $30,000. TruNorth Capital Management LLC purchased a new stake in shares of Alexandria Real Estate Equities in the first quarter worth about $34,000. Cromwell Holdings LLC acquired a new stake in shares of Alexandria Real Estate Equities in the first quarter valued at about $36,000. Finally, Cary Street Partners Financial LLC purchased a new stake in shares of Alexandria Real Estate Equities during the 4th quarter valued at about $50,000. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Down 5.5%

Shares of NYSE:ARE opened at $73.81 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.23 and a current ratio of 0.23. Alexandria Real Estate Equities, Inc. has a 1-year low of $67.37 and a 1-year high of $125.63. The company’s fifty day moving average is $75.27 and its two-hundred day moving average is $83.32. The stock has a market capitalization of $12.77 billion, a price-to-earnings ratio of -567.75, a price-to-earnings-growth ratio of 6.58 and a beta of 1.24.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.04. The business had revenue of $737.28 million for the quarter, compared to analysts’ expectations of $748.02 million. Alexandria Real Estate Equities had a negative return on equity of 0.05% and a negative net margin of 0.33%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.36 EPS. Equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a yield of 7.2%. The ex-dividend date of this dividend was Monday, June 30th. Alexandria Real Estate Equities’s dividend payout ratio is -4,061.54%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. BNP Paribas Exane lowered their price objective on shares of Alexandria Real Estate Equities from $111.00 to $85.00 and set a “neutral” rating for the company in a research report on Tuesday, April 29th. Evercore ISI lowered their price target on shares of Alexandria Real Estate Equities from $103.00 to $91.00 in a report on Wednesday, April 30th. Mizuho cut their price objective on shares of Alexandria Real Estate Equities from $121.00 to $91.00 in a report on Thursday, June 12th. Royal Bank Of Canada decreased their price objective on shares of Alexandria Real Estate Equities from $100.00 to $98.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 29th. Finally, Baird R W dropped their target price on Alexandria Real Estate Equities from $129.00 to $102.00 in a research report on Thursday, June 12th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Alexandria Real Estate Equities has an average rating of “Hold” and an average target price of $97.17.

Alexandria Real Estate Equities 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.