Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Bought by Cerity Partners LLC

Cerity Partners LLC boosted its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 64.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 54,343 shares of the real estate investment trust’s stock after purchasing an additional 21,237 shares during the period. Cerity Partners LLC’s holdings in Alexandria Real Estate Equities were worth $6,453,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Raymond James Trust N.A. purchased a new stake in shares of Alexandria Real Estate Equities during the 3rd quarter worth $563,000. Charles Schwab Investment Management Inc. grew its stake in Alexandria Real Estate Equities by 3.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,450,902 shares of the real estate investment trust’s stock worth $291,045,000 after acquiring an additional 72,934 shares during the period. Prospera Private Wealth LLC acquired a new position in Alexandria Real Estate Equities in the third quarter valued at $413,000. PNC Financial Services Group Inc. increased its stake in shares of Alexandria Real Estate Equities by 17.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 146,300 shares of the real estate investment trust’s stock valued at $17,373,000 after acquiring an additional 21,697 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Alexandria Real Estate Equities during the third quarter worth approximately $9,032,000. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Trading Down 1.2 %

Shares of ARE stock opened at $110.44 on Thursday. The company has a market capitalization of $19.30 billion, a P/E ratio of 67.34, a P/E/G ratio of 4.20 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a 12-month low of $102.89 and a 12-month high of $135.45. The firm has a 50-day moving average price of $114.80 and a 200 day moving average price of $117.19. 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 announced 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). Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. The company had revenue of $791.60 million during the quarter, compared to the consensus estimate of $766.97 million. During the same period in the prior year, the firm posted $2.26 earnings per share. The company’s revenue was up 10.9% on a year-over-year basis. Research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $1.30 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.20 annualized dividend and a yield of 4.71%. Alexandria Real Estate Equities’s dividend payout ratio is currently 317.07%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ARE shares. Citigroup lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and reduced their target price for the company from $130.00 to $125.00 in a report on Friday, September 13th. JPMorgan Chase & Co. cut shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and cut their price target for the company from $133.00 to $121.00 in a report on Wednesday. Robert W. Baird reduced their price objective on Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Royal Bank of Canada restated a “sector perform” rating and issued a $125.00 target price (down from $130.00) on shares of Alexandria Real Estate Equities in a research note on Thursday, October 24th. Finally, Evercore ISI dropped their price objective on shares of 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. Ten investment 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, the company currently has a consensus rating of “Hold” and an average price target of $126.73.

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.