Loomis Sayles & Co. L P Buys 532 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Loomis Sayles & Co. L P increased its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 3,129.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 549 shares of the real estate investment trust’s stock after purchasing an additional 532 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Alexandria Real Estate Equities were worth $65,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Catalyst Capital Advisors LLC bought a new position in Alexandria Real Estate Equities in the 3rd quarter valued at $25,000. Ashton Thomas Securities LLC bought a new position in Alexandria Real Estate Equities in the 3rd quarter valued at $30,000. UMB Bank n.a. grew its position in Alexandria Real Estate Equities by 132.8% in the 2nd quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 154 shares during the last quarter. Rothschild Investment LLC bought a new position in Alexandria Real Estate Equities in the 2nd quarter valued at $33,000. Finally, Venturi Wealth Management LLC grew its position in Alexandria Real Estate Equities by 144.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 180 shares during the last quarter. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Trading Down 1.1 %

Shares of NYSE ARE opened at $110.52 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.20 and a quick ratio of 0.20. The stock has a market capitalization of $19.31 billion, a P/E ratio of 67.39, a price-to-earnings-growth ratio of 4.20 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a 1-year low of $102.89 and a 1-year high of $135.45. The business has a fifty day moving average price of $114.57 and a 200 day moving average price of $117.14.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data 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 company had revenue of $791.60 million for the quarter, compared to analysts’ expectations of $766.97 million. Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.26 earnings per share. 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date of this dividend was Monday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 317.07%.

Wall Street Analyst Weigh In

Several equities analysts have commented on ARE shares. BMO Capital Markets raised Alexandria Real Estate Equities to a “hold” rating in a research report on Wednesday, September 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $125.00 price objective (down previously from $130.00) on shares of Alexandria Real Estate Equities in a research report on Thursday, October 24th. Evercore ISI cut 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 research report on Wednesday, October 23rd. JPMorgan Chase & Co. cut Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $133.00 to $121.00 in a report on Wednesday. Finally, Citigroup cut Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $130.00 to $125.00 in a report on Friday, September 13th. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Alexandria Real Estate Equities has a consensus rating of “Hold” and a consensus 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.