Community Trust & Investment Co. Has $2.91 Million Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Community Trust & Investment Co. boosted its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 2.7% in the third quarter, Holdings Channel.com reports. The firm owned 24,499 shares of the real estate investment trust’s stock after purchasing an additional 641 shares during the period. Community Trust & Investment Co.’s holdings in Alexandria Real Estate Equities were worth $2,909,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Sequoia Financial Advisors LLC lifted its position in shares of Alexandria Real Estate Equities by 38.1% in the third quarter. Sequoia Financial Advisors LLC now owns 3,238 shares of the real estate investment trust’s stock worth $385,000 after buying an additional 893 shares during the last quarter. Telos Capital Management Inc. lifted its position in shares of Alexandria Real Estate Equities by 2.9% in the third quarter. Telos Capital Management Inc. now owns 11,747 shares of the real estate investment trust’s stock worth $1,395,000 after buying an additional 328 shares during the last quarter. Raleigh Capital Management Inc. lifted its position in shares of Alexandria Real Estate Equities by 3,932.5% in the third quarter. Raleigh Capital Management Inc. now owns 6,452 shares of the real estate investment trust’s stock worth $766,000 after buying an additional 6,292 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Alexandria Real Estate Equities by 2.7% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 45,754 shares of the real estate investment trust’s stock worth $5,433,000 after buying an additional 1,206 shares during the last quarter. Finally, Whittier Trust Co. lifted its position in shares of Alexandria Real Estate Equities by 3.8% in the third quarter. Whittier Trust Co. now owns 85,108 shares of the real estate investment trust’s stock worth $10,106,000 after buying an additional 3,135 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on ARE. Royal Bank of Canada reduced their price target on Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating for the company in a research report on Monday, August 5th. JMP Securities reiterated a “market outperform” rating and issued a $140.00 price objective on shares of Alexandria Real Estate Equities in a research note on Tuesday, July 23rd. BMO Capital Markets upgraded Alexandria Real Estate Equities to a “hold” rating in a research note on Wednesday, September 25th. Jefferies Financial Group lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $136.00 to $127.00 in a research note on Friday, August 2nd. Finally, Evercore ISI lifted their price objective on Alexandria Real Estate Equities from $126.00 to $127.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 28th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $133.22.

Alexandria Real Estate Equities Trading Down 1.3 %

Shares of ARE opened at $117.97 on Wednesday. Alexandria Real Estate Equities, Inc. has a 12-month low of $90.73 and a 12-month high of $135.45. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $20.63 billion, a price-to-earnings ratio of 110.25, a P/E/G ratio of 3.99 and a beta of 1.16. The stock’s 50-day moving average price is $119.05 and its 200 day moving average price is $118.78.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share for the quarter, missing the consensus estimate of $2.38 by ($1.42). Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. The company had revenue of $791.60 million during the quarter, compared to the consensus estimate of $766.97 million. During the same quarter in the prior year, the company posted $2.26 earnings per share. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. As a group, 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 was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $1.30 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.20 annualized dividend and a dividend yield of 4.41%. Alexandria Real Estate Equities’s dividend payout ratio is currently 485.98%.

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.