Venturi Wealth Management LLC Boosts Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Venturi Wealth Management LLC raised its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 144.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 305 shares of the real estate investment trust’s stock after purchasing an additional 180 shares during the quarter. Venturi Wealth Management LLC’s holdings in Alexandria Real Estate Equities were worth $36,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Empowered Funds LLC grew its stake in shares of Alexandria Real Estate Equities by 27.0% in the first quarter. Empowered Funds LLC now owns 2,326 shares of the real estate investment trust’s stock valued at $300,000 after buying an additional 494 shares in the last quarter. Bleakley Financial Group LLC grew its position in Alexandria Real Estate Equities by 7.2% in the 1st quarter. Bleakley Financial Group LLC now owns 1,758 shares of the real estate investment trust’s stock valued at $227,000 after acquiring an additional 118 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its stake in Alexandria Real Estate Equities by 7.6% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 3,185 shares of the real estate investment trust’s stock worth $411,000 after purchasing an additional 226 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Alexandria Real Estate Equities by 138.0% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 206,146 shares of the real estate investment trust’s stock worth $26,149,000 after purchasing an additional 119,541 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Alexandria Real Estate Equities by 0.6% in the first quarter. Vanguard Group Inc. now owns 26,784,689 shares of the real estate investment trust’s stock valued at $3,452,814,000 after purchasing an additional 156,643 shares during the period. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Trading Down 2.5 %

ARE opened at $105.55 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.20 and a current ratio of 0.20. Alexandria Real Estate Equities, Inc. has a one year low of $102.24 and a one year high of $135.45. The company has a market cap of $18.45 billion, a P/E ratio of 64.36, a PEG ratio of 4.08 and a beta of 1.16. The business’s 50-day simple moving average is $117.32 and its 200-day simple moving average is $117.92.

Alexandria Real Estate Equities (NYSE:ARE) last announced 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 9.62% and a return on equity of 1.31%. The company had revenue of $791.60 million during the quarter, compared to analysts’ expectations of $766.97 million. During the same quarter in the prior year, the company earned $2.26 earnings per share. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. As a group, equities research analysts expect 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 4.93%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 317.07%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ARE shares. Evercore ISI cut their target price on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 23rd. Citigroup lowered Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $130.00 to $125.00 in a research report on Friday, September 13th. JMP Securities decreased their target price on Alexandria Real Estate Equities from $140.00 to $130.00 and set a “market outperform” rating for the company in a report on Friday. Robert W. Baird cut their price target on Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Finally, Jefferies Financial Group lowered 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. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $127.30.

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.