Exchange Traded Concepts LLC reduced its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report) by 40.3% in the second quarter, according to the company’s latest filing with the Securities and Exchange Commission. . The company owned 2,036 shares of the real estate investment trust’s stock after selling 1,377 shares during the period. Exchange Traded Concepts LLC’s holdings in Alexandria real estate stock were valued at $231,000 as of its latest filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Company raised its stake in shares of Alexandria Real Estate by 2.3% in the 4th quarter. Northwestern Mutual Wealth Management Company now owns 3,083 shares of the real estate investment trust’s stock valued at $449,000 after purchasing an additional 70 shares during the period. Seaport Global Advisors LLC raised its stake in shares of Alexandria Real Estate by 7.5% in the 4th quarter. Seaport Global Advisors LLC now owns 1,047 shares of the real estate investment trust’s stock valued at $153,000 after purchasing an additional 73 shares during the period. Cetera Advisor Networks LLC grew its stake in Alexandria Real Estate Stocks by 7.3% in the 1st quarter. Cetera Advisor Networks LLC now owns 1,086 shares of the real estate investment trust’s stock valued at $219,000 after purchasing an additional 74 shares during the period. BOKF NA raised its stake in Alexandria Real Estate by 4.6% in the 4th quarter. BOKF NA now owns 1,758 shares of the real estate investment trust’s stock valued at $256,000 after purchasing an additional 77 shares during the period. Finally, Cetera Investment Advisers increased his stake in shares of Alexandria Real Estate Equities by 1.7% during the 4th quarter. Cetera Investment Advisers now owns 5,460 shares of the real estate investment trust’s stock valued at $795,000 after purchasing an additional 92 shares in the last quarter. 86.36% of the stock is held by institutional investors and hedge funds.
Analyst rating changes
A number of equity analysts have been commenting on this stock recently. Jefferies Financial Group underwrote coverage on shares of Alexandria Real Estate Equities in a research note on Thursday, July 20th. They gave the company a “buy” rating and set a target price of $142.00. Evercore ISI lowered their target price on shares of Alexandria Real Estate Equities from $137.00 to $135.00 and gave the company an “outperform” rating in a research note on Wednesday, August 16th. Mr. Wedbush underwrote coverage of shares of Alexandria Real Estate Equities in a research note on Tuesday, October 3rd. They gave the company an “outperform” rating and set a price target of $120.00. StockNews.com undertook coverage of shares of Alexandria Real Estate Equities in a research note on Thursday. They set a “sell” rating on the company. Finally, JMP Securities lowered their target price on shares of Alexandria Real Estate Equities from $180.00 to $160.00 and set a “market outperform” rating for the company in a research note on Wednesday, July 26th. . One analyst has rated the stock as a “sell” and eight have rated it a “buy”. The stock has a consensus rating of “Moderate Buy” and a consensus price target of $156.11, based on data from MarketBeat.com.
Get our latest analysis on Alexandria Real Estate Stocks
Alexandria real estate stocks fall 0.2%
Alexandria Real Estate Equity shares opened at $97.77 on Monday. The stock has a market capitalization of $16.92 billion, a P/E ratio of 29.01, a P/E ratio of 2.69, and a beta of 0.97. The company has a quick ratio of 0.39, a current ratio of 0.39, and a debt-to-equity ratio of 0.49. Alexandria Real Estate Equities shares have hit a 12-month low of $95.21 and a 12-month high of $172.65. The company’s 50-day moving average price is $112.86 and its 200-day moving average price is $117.04.
Alexandria Real Estate Equities (NYSE:ARE – Get Free Report) last released its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.51 earnings per share for the quarter, missing the consensus estimate of $2.20 by ($1.69). Alexandria Real Estate stock had a net profit margin of 20.65% and a return on equity of 2.54%. The company had revenue of $713.9 million for the quarter, compared to the consensus estimate of $702.2 million. In the same period last year, the company’s earnings per share were $2.10. The company’s revenue increased by 10.9% compared to the same period last year. As a group, analysts expect that Alexandria Real Estate Equities will post 8.96 EPS for the current fiscal year.
Alexandria Real Estate Equities Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be issued a dividend of $1.24 per share. The ex-dividend date of this dividend will be September 28th (Thursday). This equates to an annualized dividend of $4.96 and a dividend yield of 5.07%. Alexandria Real Estate Equities’ dividend payout ratio is currently 147.18%.
Alexandria Real Estate Stock Profile
(Free report)
Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&P 500 company, is a best-in-class, mission-driven life sciences REIT that makes a positive and lasting impact on the world. Alexandria has been a pioneer in the life sciences real estate niche since its founding in 1994, as an owner, operator and developer of collaborative life sciences, agricultural technology and advanced technology campuses located in the AAA Innovation Cluster, including Greater Boston. , outstanding and longest-held. , San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.
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