Captrust Financial Advisors Sells 1,645 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Captrust Financial Advisors lessened its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 10.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,853 shares of the real estate investment trust’s stock after selling 1,645 shares during the period. Captrust Financial Advisors’ holdings in Alexandria Real Estate Equities were worth $1,351,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of ARE. Proficio Capital Partners LLC bought a new position in shares of Alexandria Real Estate Equities in the fourth quarter valued at about $29,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Alexandria Real Estate Equities by 57.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 109 shares during the period. Cary Street Partners Financial LLC bought a new stake in shares of Alexandria Real Estate Equities during the 4th quarter worth about $50,000. Spire Wealth Management raised its holdings in Alexandria Real Estate Equities by 72.5% in the 4th quarter. Spire Wealth Management now owns 595 shares of the real estate investment trust’s stock valued at $58,000 after acquiring an additional 250 shares during the period. Finally, Sherman Asset Management Inc. bought a new position in Alexandria Real Estate Equities in the 4th quarter valued at about $75,000. Institutional investors own 96.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ARE. StockNews.com raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, April 3rd. Jefferies Financial Group assumed coverage on Alexandria Real Estate Equities in a research note on Monday, March 17th. They issued a “hold” rating and a $100.00 price target for the company. JMP Securities restated a “market outperform” rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 30th. Finally, Wedbush reiterated a “neutral” rating and set a $104.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $118.60.

Alexandria Real Estate Equities Stock Down 2.2%

Alexandria Real Estate Equities stock opened at $70.82 on Thursday. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $12.25 billion, a P/E ratio of 39.34, a P/E/G ratio of 3.93 and a beta of 1.27. The firm has a 50 day moving average price of $83.60 and a 200-day moving average price of $95.76. Alexandria Real Estate Equities, Inc. has a twelve month low of $70.15 and a twelve month high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE) last announced 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. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. The business had revenue of $758.16 million for the quarter, compared to analysts’ expectations of $755.64 million. During the same period in the previous year, the business posted $2.35 EPS. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. As a group, equities analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 7.46%. The ex-dividend date was Monday, March 31st. Alexandria Real Estate Equities’s dividend payout ratio is 694.74%.

Alexandria Real Estate Equities Company 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.