Alexandria Real Estate Equities, Inc. $ARE Holdings Increased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 8.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,870 shares of the real estate investment trust’s stock after purchasing an additional 1,250 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Alexandria Real Estate Equities were worth $1,182,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sound Income Strategies LLC bought a new stake in Alexandria Real Estate Equities during the second quarter worth approximately $25,000. American National Bank & Trust purchased a new stake in Alexandria Real Estate Equities in the 2nd quarter worth about $29,000. Tsfg LLC acquired a new stake in shares of Alexandria Real Estate Equities during the first quarter worth approximately $30,000. Avalon Trust Co acquired a new stake in shares of Alexandria Real Estate Equities during the 1st quarter valued at $32,000. Finally, TruNorth Capital Management LLC acquired a new stake in Alexandria Real Estate Equities during the first quarter valued at $34,000. 96.54% of the stock is owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Price Performance

Shares of NYSE ARE opened at $77.71 on Thursday. The firm has a market cap of $13.44 billion, a PE ratio of -597.77, a PEG ratio of 6.45 and a beta of 1.31. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.61. Alexandria Real Estate Equities, Inc. has a 1-year low of $67.37 and a 1-year high of $121.20. The company has a fifty day moving average price of $81.00 and a 200 day moving average price of $76.95.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.04. The company had revenue of $737.28 million during 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%.Alexandria Real Estate Equities’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.36 earnings per share. Research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a $1.32 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $5.28 dividend on an annualized basis and a yield of 6.8%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is -4,061.54%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. BNP Paribas cut shares of Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating and set a $82.00 price objective for the company. in a report on Wednesday, October 1st. Weiss Ratings reiterated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research note on Wednesday, October 8th. Cantor Fitzgerald cut their target price on shares of Alexandria Real Estate Equities from $88.00 to $79.00 and set a “neutral” rating for the company in a research note on Monday, October 13th. BNP Paribas Exane restated an “underperform” rating on shares of Alexandria Real Estate Equities in a research report on Wednesday, October 1st. Finally, Jefferies Financial Group assumed coverage on Alexandria Real Estate Equities in a research note on Monday, October 6th. They issued a “hold” rating and a $80.00 target price for the company. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $95.87.

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.