Keudell Morrison Wealth Management Takes $265,000 Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Keudell Morrison Wealth Management acquired a new position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,228 shares of the real estate investment trust’s stock, valued at approximately $265,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC acquired a new position in shares of Alexandria Real Estate Equities during the 3rd quarter worth $25,000. UMB Bank n.a. boosted its holdings in Alexandria Real Estate Equities by 132.8% in the second quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 154 shares in the last quarter. Rothschild Investment LLC acquired a new position in Alexandria Real Estate Equities during the second quarter worth $33,000. Global X Japan Co. Ltd. bought a new position in Alexandria Real Estate Equities during the second quarter valued at about $43,000. Finally, M&R Capital Management Inc. acquired a new stake in shares of Alexandria Real Estate Equities in the third quarter worth about $50,000. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

NYSE ARE traded up $0.38 during midday trading on Thursday, hitting $113.42. The company had a trading volume of 38,440 shares, compared to its average volume of 985,613. The firm has a fifty day simple moving average of $118.23 and a two-hundred day simple moving average of $118.23. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $93.17 and a fifty-two week high of $135.45. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.56. The stock has a market cap of $19.82 billion, a price-to-earnings ratio of 68.89, a P/E/G ratio of 4.15 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $2.38 by ($1.42). The firm had revenue of $791.60 million for the quarter, compared to analyst estimates of $766.97 million. Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period last year, the business earned $2.26 earnings per share. Equities analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.48 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $1.30 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.20 dividend on an annualized basis and a yield of 4.58%. Alexandria Real Estate Equities’s payout ratio is currently 317.07%.

Analyst Upgrades and Downgrades

ARE has been the topic of a number of analyst reports. Evercore ISI lowered their price objective on Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating on the stock in a report on Wednesday, October 23rd. Jefferies Financial Group lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and dropped their price target for the company from $136.00 to $127.00 in a research report on Friday, August 2nd. Bank of America cut shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $151.00 to $126.00 in a research note on Monday, July 29th. BMO Capital Markets upgraded shares of Alexandria Real Estate Equities to a “hold” rating in a research note on Wednesday, September 25th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $125.00 target price (down previously from $130.00) on shares of Alexandria Real Estate Equities in a report on Thursday, October 24th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Alexandria Real Estate Equities presently has a consensus rating of “Hold” and a consensus target price 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.