Chicago Partners Investment Group LLC Purchases New Holdings in Alexandria Real Estate Equities, Inc. $ARE

Chicago Partners Investment Group LLC purchased a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,663 shares of the real estate investment trust’s stock, valued at approximately $266,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC bought a new position in Alexandria Real Estate Equities during the second quarter valued at about $25,000. American National Bank & Trust bought a new position in Alexandria Real Estate Equities during the second quarter valued at about $29,000. Tsfg LLC bought a new position in Alexandria Real Estate Equities during the first quarter valued at about $30,000. Avalon Trust Co bought a new position in Alexandria Real Estate Equities during the first quarter valued at about $32,000. Finally, TruNorth Capital Management LLC bought a new position in Alexandria Real Estate Equities during the first quarter valued at about $34,000. 96.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ARE has been the topic of several research reports. Evercore ISI upgraded Alexandria Real Estate Equities from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $91.00 to $104.00 in a research note on Monday, September 15th. BNP Paribas Exane reiterated an “underperform” rating on shares of Alexandria Real Estate Equities in a research note on Wednesday, October 1st. Jefferies Financial Group initiated coverage on Alexandria Real Estate Equities in a research note on Monday, October 6th. They issued a “hold” rating and a $80.00 price objective on the stock. Cantor Fitzgerald lowered their price objective on Alexandria Real Estate Equities from $88.00 to $79.00 and set a “neutral” rating on the stock in a research note on Monday, October 13th. Finally, Royal Bank Of Canada lowered their price objective on Alexandria Real Estate Equities from $100.00 to $98.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 29th. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Alexandria Real Estate Equities currently has an average rating of “Hold” and an average target price of $95.87.

Alexandria Real Estate Equities Stock Up 0.7%

Shares of ARE opened at $77.48 on Friday. The company has a market capitalization of $13.40 billion, a P/E ratio of -595.96, a PEG ratio of 6.46 and a beta of 1.31. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.23 and a quick ratio of 0.23. Alexandria Real Estate Equities, Inc. has a one year low of $67.37 and a one year high of $116.90. The business’s 50 day simple moving average is $81.08 and its 200-day simple moving average is $76.95.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 6.8%. The ex-dividend date of this dividend was Tuesday, September 30th. Alexandria Real Estate Equities’s payout ratio is presently -4,061.54%.

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.