Bank of Stockton Lowers Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Bank of Stockton decreased its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 7.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,791 shares of the real estate investment trust’s stock after selling 360 shares during the period. Bank of Stockton’s holdings in Alexandria Real Estate Equities were worth $569,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ARE. Park Avenue Securities LLC increased its position in shares of Alexandria Real Estate Equities by 22.1% in the first quarter. Park Avenue Securities LLC now owns 3,550 shares of the real estate investment trust’s stock worth $458,000 after purchasing an additional 642 shares during the last quarter. Harbour Capital Advisors LLC increased its holdings in shares of Alexandria Real Estate Equities by 17.6% in the 1st quarter. Harbour Capital Advisors LLC now owns 4,179 shares of the real estate investment trust’s stock worth $518,000 after buying an additional 625 shares during the last quarter. Financial Management Professionals Inc. raised its position in shares of Alexandria Real Estate Equities by 66.1% during the 1st quarter. Financial Management Professionals Inc. now owns 2,319 shares of the real estate investment trust’s stock valued at $299,000 after buying an additional 923 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Alexandria Real Estate Equities by 48.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 21,306 shares of the real estate investment trust’s stock worth $2,747,000 after acquiring an additional 6,959 shares during the last quarter. Finally, State of Michigan Retirement System grew its position in Alexandria Real Estate Equities by 0.7% in the first quarter. State of Michigan Retirement System now owns 43,118 shares of the real estate investment trust’s stock worth $5,558,000 after acquiring an additional 300 shares in the last quarter. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Trading Down 1.2 %

Shares of Alexandria Real Estate Equities stock traded down $1.35 during trading on Friday, reaching $115.00. 208,815 shares of the stock were exchanged, compared to its average volume of 975,820. 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 firm has a market cap of $20.11 billion, a price-to-earnings ratio of 107.97, a price-to-earnings-growth ratio of 3.99 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a 1 year low of $90.73 and a 1 year high of $135.45. The stock’s fifty day moving average is $119.18 and its 200 day moving average is $118.79.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share for the quarter, missing the consensus estimate of $2.38 by ($1.42). The business had revenue of $791.60 million during the quarter, compared to analysts’ expectations of $766.97 million. Alexandria Real Estate Equities had a return on equity of 0.68% and a net margin of 5.09%. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.26 EPS. As a group, equities research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 4.52%. The ex-dividend date of this dividend was Monday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 485.98%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ARE. BMO Capital Markets raised Alexandria Real Estate Equities to a “hold” rating in a research note on Wednesday, September 25th. Evercore ISI dropped their target price on Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating for the company in a research report on Wednesday. Bank of America cut shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and reduced their price target for the company from $151.00 to $126.00 in a research report on Monday, July 29th. Royal Bank of Canada restated 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. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a report on Tuesday, July 23rd. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Alexandria Real Estate Equities presently has an average rating of “Hold” and an average price target of $131.22.

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.