Apollon Wealth Management LLC Acquires 587 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Apollon Wealth Management LLC raised its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 29.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,553 shares of the real estate investment trust’s stock after purchasing an additional 587 shares during the quarter. Apollon Wealth Management LLC’s holdings in Alexandria Real Estate Equities were worth $303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Arbor Capital Management Inc. ADV grew its stake in shares of Alexandria Real Estate Equities by 1.1% during the 2nd quarter. Arbor Capital Management Inc. ADV now owns 8,639 shares of the real estate investment trust’s stock worth $1,000,000 after acquiring an additional 93 shares during the period. Oregon Public Employees Retirement Fund grew its stake in shares of Alexandria Real Estate Equities by 0.7% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 13,544 shares of the real estate investment trust’s stock worth $1,584,000 after acquiring an additional 100 shares during the period. Presima Securities ULC grew its stake in shares of Alexandria Real Estate Equities by 0.9% during the 3rd quarter. Presima Securities ULC now owns 11,725 shares of the real estate investment trust’s stock worth $1,392,000 after acquiring an additional 100 shares during the period. GAMMA Investing LLC grew its stake in shares of Alexandria Real Estate Equities by 7.9% during the 2nd quarter. GAMMA Investing LLC now owns 1,414 shares of the real estate investment trust’s stock worth $165,000 after acquiring an additional 103 shares during the period. Finally, PFG Investments LLC grew its stake in shares of Alexandria Real Estate Equities by 5.1% during the 2nd quarter. PFG Investments LLC now owns 2,392 shares of the real estate investment trust’s stock worth $280,000 after acquiring an additional 115 shares during the period. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

NYSE:ARE opened at $105.58 on Monday. The business’s 50-day moving average price is $117.10 and its two-hundred day moving average price is $117.84. Alexandria Real Estate Equities, Inc. has a twelve month low of $102.24 and a twelve month high of $135.45. The stock has a market cap of $18.45 billion, a P/E ratio of 64.38, a PEG ratio of 3.95 and a beta of 1.16. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.56.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share for the quarter, missing the consensus estimate of $2.38 by ($1.42). Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The business had revenue of $791.60 million during the quarter, compared to analysts’ expectations of $766.97 million. During the same period in the previous year, the business earned $2.26 EPS. The business’s revenue was up 10.9% on a year-over-year basis. As a group, 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.20 annualized dividend and a dividend yield of 4.93%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 317.07%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and cut their price target for the stock from $135.00 to $112.00 in a research note on Friday. JMP Securities dropped their price objective on Alexandria Real Estate Equities from $140.00 to $130.00 and set a “market outperform” rating on the stock in a report on Friday. Citigroup cut Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $130.00 to $125.00 in a report on Friday, September 13th. Bank of America cut Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $151.00 to $126.00 in a report on Monday, July 29th. Finally, Wedbush dropped their price objective on Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Alexandria Real Estate Equities has a consensus rating of “Hold” and a consensus price target of $127.30.

Alexandria Real Estate Equities Company 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.