Focus Partners Wealth Takes Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Focus Partners Wealth acquired a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,428 shares of the real estate investment trust’s stock, valued at approximately $237,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ensign Peak Advisors Inc grew its stake in shares of Alexandria Real Estate Equities by 11.0% in the 4th quarter. Ensign Peak Advisors Inc now owns 71,561 shares of the real estate investment trust’s stock valued at $6,981,000 after buying an additional 7,078 shares during the period. Colonial Trust Co SC lifted its holdings in Alexandria Real Estate Equities by 514.3% in the fourth quarter. Colonial Trust Co SC now owns 301 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 252 shares during the last quarter. Cetera Investment Advisers grew its position in Alexandria Real Estate Equities by 35.0% in the fourth quarter. Cetera Investment Advisers now owns 25,980 shares of the real estate investment trust’s stock worth $2,534,000 after acquiring an additional 6,741 shares during the period. Centiva Capital LP acquired a new stake in Alexandria Real Estate Equities during the fourth quarter worth $2,388,000. Finally, Bridgefront Capital LLC acquired a new stake in Alexandria Real Estate Equities during the fourth quarter worth $1,889,000. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Stock Performance

Shares of ARE stock opened at $68.58 on Friday. The firm has a 50 day moving average of $80.24 and a two-hundred day moving average of $94.06. The stock has a market capitalization of $11.86 billion, a PE ratio of 38.10, a P/E/G ratio of 3.93 and a beta of 1.27. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55. Alexandria Real Estate Equities, Inc. has a 52 week low of $67.49 and a 52 week high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, April 28th. The real estate investment trust reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.28 by $0.02. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. The firm had revenue of $758.16 million during the quarter, compared to analyst estimates of $755.64 million. During the same period last year, the business posted $2.35 earnings per share. Alexandria Real Estate Equities’s revenue was down 1.4% compared to the same quarter last year. On average, research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $1.32 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $5.28 dividend on an annualized basis and a yield of 7.70%. Alexandria Real Estate Equities’s dividend payout ratio is currently 694.74%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ARE. JMP Securities reiterated a “market outperform” rating and set a $130.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, April 30th. JPMorgan Chase & Co. lowered their target price on shares of Alexandria Real Estate Equities from $117.00 to $95.00 and set a “neutral” rating for the company in a research note on Tuesday. Wall Street Zen raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Thursday, April 3rd. Wedbush reaffirmed a “neutral” rating and set a $104.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Finally, Jefferies Financial Group initiated coverage on shares of Alexandria Real Estate Equities in a report on Monday, March 17th. They issued a “hold” rating and a $100.00 target price for the company. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Alexandria Real Estate Equities has a consensus rating of “Hold” and an average target price of $116.00.

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.