Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Bought by Procyon Advisors LLC

Procyon Advisors LLC lifted its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 118.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,837 shares of the real estate investment trust’s stock after purchasing an additional 3,712 shares during the quarter. Procyon Advisors LLC’s holdings in Alexandria Real Estate Equities were worth $632,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of ARE. Bank of America Corp DE raised its position in shares of Alexandria Real Estate Equities by 218.1% during the 4th quarter. Bank of America Corp DE now owns 1,164,554 shares of the real estate investment trust’s stock worth $113,602,000 after buying an additional 798,438 shares in the last quarter. ProShare Advisors LLC increased its stake in shares of Alexandria Real Estate Equities by 53.8% during the fourth quarter. ProShare Advisors LLC now owns 42,925 shares of the real estate investment trust’s stock valued at $4,187,000 after acquiring an additional 15,012 shares during the period. Magnetar Financial LLC acquired a new position in shares of Alexandria Real Estate Equities during the fourth quarter valued at approximately $968,000. Cetera Investment Advisers raised its holdings in Alexandria Real Estate Equities by 35.0% during the fourth quarter. Cetera Investment Advisers now owns 25,980 shares of the real estate investment trust’s stock worth $2,534,000 after purchasing an additional 6,741 shares in the last quarter. Finally, Hahn Capital Management LLC lifted its position in Alexandria Real Estate Equities by 50.4% in the fourth quarter. Hahn Capital Management LLC now owns 68,370 shares of the real estate investment trust’s stock worth $6,669,000 after purchasing an additional 22,926 shares during the period. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Up 1.5%

Shares of Alexandria Real Estate Equities stock opened at $70.57 on Friday. Alexandria Real Estate Equities, Inc. has a 12-month low of $67.37 and a 12-month high of $130.14. The firm has a market capitalization of $12.21 billion, a PE ratio of 39.21, a price-to-earnings-growth ratio of 3.93 and a beta of 1.25. 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 stock’s fifty day moving average is $74.52 and its 200-day moving average is $90.94.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $2.30 earnings per share for the quarter, topping 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 firm had revenue of $758.16 million for the quarter, compared to analysts’ expectations of $755.64 million. During the same quarter last year, the business posted $2.35 EPS. Alexandria Real Estate Equities’s revenue was down 1.4% on a year-over-year basis. Equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a $1.32 dividend. The ex-dividend date is Monday, June 30th. This represents a $5.28 annualized dividend and a dividend yield of 7.48%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 694.74%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ARE shares. Jefferies Financial Group began coverage on Alexandria Real Estate Equities in a research report on Monday, March 17th. They set a “hold” rating and a $100.00 price target on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $130.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 30th. JPMorgan Chase & Co. dropped their price target on shares of Alexandria Real Estate Equities from $117.00 to $95.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 20th. Finally, Wall Street Zen raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, April 3rd. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $116.00.

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.