Oregon Public Employees Retirement Fund raised its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report) by 5.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,200 shares of the real estate investment trust’s stock after buying an additional 680 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Alexandria Real Estate Equities were worth $1,532,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the company. Raymond James Financial Services Advisors Inc. lifted its position in Alexandria Real Estate Equities by 8.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 4,377 shares of the real estate investment trust’s stock valued at $881,000 after acquiring an additional 348 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Alexandria Real Estate Equities by 242.4% in the 1st quarter. American Century Companies Inc. now owns 4,499 shares of the real estate investment trust’s stock worth $906,000 after purchasing an additional 3,185 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Alexandria Real Estate Equities by 14.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,753 shares of the real estate investment trust’s stock worth $957,000 after purchasing an additional 598 shares in the last quarter. HighTower Advisors LLC grew its stake in Alexandria Real Estate Equities by 11.7% during the 1st quarter. HighTower Advisors LLC now owns 5,903 shares of the real estate investment trust’s stock worth $1,187,000 after buying an additional 620 shares during the last quarter. Finally, Cetera Advisor Networks LLC increased its position in Alexandria Real Estate Equities by 7.3% during the 1st quarter. Cetera Advisor Networks LLC now owns 1,086 shares of the real estate investment trust’s stock valued at $219,000 after buying an additional 74 shares in the last quarter. 85.60% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on ARE shares. Evercore ISI dropped their price target on Alexandria Real Estate Equities from $141.00 to $137.00 in a research note on Monday, July 3rd. JMP Securities dropped their target price on shares of Alexandria Real Estate Equities from $180.00 to $160.00 and set a “market outperform” rating on the stock in a research report on Wednesday, July 26th. StockNews.com cut shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a report on Wednesday, June 14th. Jefferies Financial Group initiated coverage on shares of Alexandria Real Estate Equities in a report on Thursday, July 20th. They set a “buy” rating and a $142.00 price objective on the stock. Finally, Mizuho cut their target price on Alexandria Real Estate Equities from $180.00 to $145.00 in a research report on Monday, April 24th. One investment analyst has rated the stock with a sell rating and seven have given a buy rating to the company. According to MarketBeat.com, Alexandria Real Estate Equities has an average rating of “Moderate Buy” and a consensus price target of $160.88.
Alexandria Real Estate Equities Stock Performance
NYSE ARE opened at $124.22 on Tuesday. The firm has a market capitalization of $21.49 billion, a P/E ratio of 35.83, a PEG ratio of 3.33 and a beta of 0.93. The stock has a 50-day simple moving average of $118.15 and a two-hundred day simple moving average of $129.31. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.39 and a current ratio of 0.39. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $108.81 and a fifty-two week high of $172.65.
Alexandria Real Estate Equities (NYSE:ARE – Get Free Report) last announced its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.51 earnings per share for the quarter, missing the consensus estimate of $2.20 by ($1.69). The company had revenue of $713.90 million for the quarter, compared to analysts’ expectations of $700.22 million. Alexandria Real Estate Equities had a net margin of 20.65% and a return on equity of 2.54%. The firm’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.10 earnings per share. On average, equities analysts forecast that Alexandria Real Estate Equities, Inc. will post 8.96 earnings per share for the current year.
Alexandria Real Estate Equities Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were given a $1.24 dividend. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $4.96 dividend on an annualized basis and a dividend yield of 3.99%. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.21. Alexandria Real Estate Equities’s dividend payout ratio is 147.18%.
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 its founding in 1994, Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative life science, agtech, and advanced technology campuses in AAA innovation cluster locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.
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