Arkadios Wealth Advisors Acquires 844 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Arkadios Wealth Advisors raised its holdings in Alexandria Real Estate Equities, Inc. (NYSE:AREFree Report) by 19.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,293 shares of the real estate investment trust’s stock after buying an additional 844 shares during the quarter. Arkadios Wealth Advisors’ holdings in Alexandria Real Estate Equities were worth $490,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Coldstream Capital Management Inc. grew its position in shares of Alexandria Real Estate Equities by 6.0% in the 4th quarter. Coldstream Capital Management Inc. now owns 2,119 shares of the real estate investment trust’s stock worth $207,000 after buying an additional 120 shares during the last quarter. Wedbush Securities Inc. grew its position in shares of Alexandria Real Estate Equities by 5.8% in the 4th quarter. Wedbush Securities Inc. now owns 2,300 shares of the real estate investment trust’s stock worth $224,000 after buying an additional 126 shares during the last quarter. Private Trust Co. NA grew its position in shares of Alexandria Real Estate Equities by 19.2% in the 1st quarter. Private Trust Co. NA now owns 925 shares of the real estate investment trust’s stock worth $86,000 after buying an additional 149 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Alexandria Real Estate Equities by 16.4% in the 1st quarter. Farther Finance Advisors LLC now owns 1,084 shares of the real estate investment trust’s stock worth $99,000 after buying an additional 153 shares during the last quarter. Finally, Investor s Fiduciary Advisor Network LLC grew its position in shares of Alexandria Real Estate Equities by 3.8% in the 1st quarter. Investor s Fiduciary Advisor Network LLC now owns 4,941 shares of the real estate investment trust’s stock worth $457,000 after buying an additional 180 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors.

Alexandria Real Estate Equities Stock Up 1.5%

Shares of NYSE:ARE opened at $77.16 on Tuesday. The stock has a fifty day simple moving average of $75.03 and a two-hundred day simple moving average of $83.43. The stock has a market capitalization of $13.35 billion, a price-to-earnings ratio of -593.54, a PEG ratio of 6.40 and a beta of 1.24. Alexandria Real Estate Equities, Inc. has a 12-month low of $67.37 and a 12-month high of $125.63. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.61.

Alexandria Real Estate Equities (NYSE:AREGet Free Report) last announced its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.04. Alexandria Real Estate Equities had a negative return on equity of 0.05% and a negative net margin of 0.33%. The business had revenue of $737.28 million during the quarter, compared to analysts’ expectations of $748.02 million. During the same quarter in the previous year, the business earned $2.36 earnings per share. The firm’s quarterly revenue was down .6% compared to the same quarter last year. On average, research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a $1.32 dividend. The ex-dividend date was Monday, June 30th. This represents a $5.28 annualized dividend and a dividend yield of 6.8%. Alexandria Real Estate Equities’s payout ratio is currently -4,061.54%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ARE. Royal Bank Of Canada dropped their price target on Alexandria Real Estate Equities from $100.00 to $98.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 29th. Baird R W dropped their price target on Alexandria Real Estate Equities from $129.00 to $102.00 in a research report on Thursday, June 12th. Evercore ISI dropped their price target on Alexandria Real Estate Equities from $103.00 to $91.00 in a research report on Wednesday, April 30th. BNP Paribas Exane dropped their price target on Alexandria Real Estate Equities from $111.00 to $85.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 29th. Finally, Citigroup dropped their price target on Alexandria Real Estate Equities from $110.00 to $74.00 in a research report on Monday, June 2nd. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $97.17.

Get Our Latest Analysis on Alexandria Real Estate Equities

Alexandria Real Estate Equities Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Alexandria Real Estate Equities (NYSE:ARE)

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