Avitas Wealth Management LLC Raises Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Avitas Wealth Management LLC boosted its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 1.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,910 shares of the real estate investment trust’s stock after purchasing an additional 163 shares during the period. Avitas Wealth Management LLC’s holdings in Alexandria Real Estate Equities were worth $1,296,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. increased its position in shares of Alexandria Real Estate Equities by 132.8% during the second quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 154 shares during the last quarter. Rothschild Investment LLC acquired a new stake in shares of Alexandria Real Estate Equities during the second quarter valued at about $33,000. Global X Japan Co. Ltd. acquired a new position in shares of Alexandria Real Estate Equities in the second quarter valued at approximately $43,000. M&R Capital Management Inc. acquired a new position in shares of Alexandria Real Estate Equities in the third quarter valued at approximately $50,000. Finally, Hilltop National Bank grew its holdings in shares of Alexandria Real Estate Equities by 27.0% in the second quarter. Hilltop National Bank now owns 686 shares of the real estate investment trust’s stock valued at $80,000 after purchasing an additional 146 shares in the last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on ARE. Bank of America cut shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $151.00 to $126.00 in a report on Monday, July 29th. Citigroup cut shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $130.00 to $125.00 in a report on Friday, September 13th. Royal Bank of Canada reiterated a “sector perform” rating and set a $125.00 price target (down previously from $130.00) on shares of Alexandria Real Estate Equities in a report on Thursday, October 24th. BMO Capital Markets upgraded shares of Alexandria Real Estate Equities to a “hold” rating in a report on Wednesday, September 25th. Finally, Evercore ISI lowered their price target on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating for the company in a report on Wednesday, October 23rd. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Alexandria Real Estate Equities presently has an average rating of “Hold” and a consensus target price of $131.22.

Alexandria Real Estate Equities Stock Up 1.6 %

Shares of NYSE:ARE opened at $113.45 on Thursday. The company has a market capitalization of $19.84 billion, a PE ratio of 106.03, a P/E/G ratio of 3.99 and a beta of 1.16. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.55. Alexandria Real Estate Equities, Inc. has a twelve month low of $90.73 and a twelve month high of $135.45. The firm has a 50 day simple moving average of $119.00 and a 200-day simple moving average of $118.39.

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

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $1.30 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.20 annualized dividend and a yield of 4.58%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 485.98%.

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.