CCLA Investment Management Raises Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

CCLA Investment Management raised its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 0.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 809,068 shares of the real estate investment trust’s stock after purchasing an additional 6,952 shares during the period. CCLA Investment Management owned 0.46% of Alexandria Real Estate Equities worth $94,107,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC increased its holdings in Alexandria Real Estate Equities by 275.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 233 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 171 shares during the last quarter. Mather Group LLC. purchased a new position in shares of Alexandria Real Estate Equities in the 1st quarter valued at about $30,000. UMB Bank n.a. raised its position in shares of Alexandria Real Estate Equities by 132.8% during the 2nd quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 154 shares in the last quarter. Rothschild Investment LLC purchased a new stake in Alexandria Real Estate Equities during the second quarter worth approximately $33,000. Finally, Riverview Trust Co acquired a new position in Alexandria Real Estate Equities in the first quarter valued at approximately $37,000. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on ARE shares. Bank of America cut shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $151.00 to $126.00 in a report on Monday, July 29th. Jefferies Financial Group cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their price target for the company from $136.00 to $127.00 in a research report on Friday, August 2nd. Evercore ISI raised their price objective on Alexandria Real Estate Equities from $126.00 to $127.00 and gave the stock an “in-line” rating in a report on Wednesday, August 28th. JMP Securities reissued a “market outperform” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a report on Tuesday, July 23rd. Finally, Wedbush cut Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $140.00 to $130.00 in a research report on Wednesday, July 24th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $130.70.

Alexandria Real Estate Equities Price Performance

Shares of ARE opened at $124.01 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.23 and a current ratio of 0.23. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $90.73 and a fifty-two week high of $135.45. The firm has a 50-day simple moving average of $118.90 and a 200-day simple moving average of $119.85. The company has a market capitalization of $21.69 billion, a price-to-earnings ratio of 115.90, a price-to-earnings-growth ratio of 4.20 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $2.34 by ($2.09). The company had revenue of $766.70 million for the quarter, compared to analyst estimates of $775.03 million. Alexandria Real Estate Equities had a return on equity of 0.68% and a net margin of 5.09%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.24 earnings per share. On average, equities research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $1.30 dividend. The ex-dividend date is Monday, September 30th. This represents a $5.20 dividend on an annualized basis and a yield of 4.19%. 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.