Paladin Wealth LLC Buys Shares of 1,202 Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Paladin Wealth LLC bought a new stake in Alexandria Real Estate Equities, Inc. (NYSE:AREFree Report) during the third quarter, HoldingsChannel reports. The firm bought 1,202 shares of the real estate investment trust’s stock, valued at approximately $143,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in ARE. Virtu Financial LLC bought a new position in Alexandria Real Estate Equities in the 4th quarter valued at about $522,000. Trust Co. of Vermont bought a new stake in Alexandria Real Estate Equities during the fourth quarter valued at $63,000. PNC Financial Services Group Inc. increased its holdings in Alexandria Real Estate Equities by 21.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 11,243 shares of the real estate investment trust’s stock worth $1,425,000 after purchasing an additional 1,981 shares in the last quarter. Nomura Holdings Inc. acquired a new position in shares of Alexandria Real Estate Equities during the 4th quarter valued at $3,520,000. Finally, Leibman Financial Services Inc. boosted its position in shares of Alexandria Real Estate Equities by 4.3% during the 1st quarter. Leibman Financial Services Inc. now owns 21,363 shares of the real estate investment trust’s stock worth $2,754,000 after purchasing an additional 877 shares in the last quarter. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Price Performance

ARE stock opened at $120.00 on Tuesday. The firm has a market cap of $20.99 billion, a P/E ratio of 112.15, a P/E/G ratio of 3.99 and a beta of 1.16. The firm’s fifty day moving average is $118.15 and its 200 day moving average is $118.95. Alexandria Real Estate Equities, Inc. has a 52 week low of $90.73 and a 52 week high of $135.45. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.23 and a current ratio of 0.23.

Alexandria Real Estate Equities (NYSE:AREGet Free Report) last announced its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.34 by ($2.09). Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. The company had revenue of $766.70 million for the quarter, compared to the consensus estimate of $775.03 million. During the same period last year, the business posted $2.24 earnings per share. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. Research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a $1.30 dividend. The ex-dividend date is Monday, September 30th. This represents a $5.20 annualized dividend and a yield of 4.33%. Alexandria Real Estate Equities’s payout ratio is currently 485.98%.

Wall Street Analyst Weigh In

A number of analysts have commented on ARE shares. Evercore ISI boosted their price target on shares of Alexandria Real Estate Equities from $126.00 to $127.00 and gave the company an “in-line” rating in a research note on Wednesday, August 28th. Citigroup downgraded Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $130.00 to $125.00 in a research report on Friday, September 13th. Bank of America cut shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their price target for the company from $151.00 to $126.00 in a research note on Monday, July 29th. BMO Capital Markets raised Alexandria Real Estate Equities to a “hold” rating in a report on Wednesday, September 25th. Finally, Jefferies Financial Group downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $136.00 to $127.00 in a research report on Friday, August 2nd. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Alexandria Real Estate Equities has a consensus rating of “Hold” and an average price target of $133.22.

View Our Latest Stock Report on ARE

Alexandria Real Estate Equities 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.

Featured Stories

Want to see what other hedge funds are holding ARE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alexandria Real Estate Equities, Inc. (NYSE:AREFree Report).

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

Receive News & Ratings for Alexandria Real Estate Equities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alexandria Real Estate Equities and related companies with MarketBeat.com's FREE daily email newsletter.