Sequoia Financial Advisors LLC Acquires 477 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Sequoia Financial Advisors LLC boosted its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 22.3% in the first quarter, HoldingsChannel reports. The institutional investor owned 2,620 shares of the real estate investment trust’s stock after acquiring an additional 477 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Alexandria Real Estate Equities were worth $242,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ARE. Norges Bank bought a new position in Alexandria Real Estate Equities in the 4th quarter worth $1,605,426,000. JPMorgan Chase & Co. raised its holdings in Alexandria Real Estate Equities by 212.9% in the 4th quarter. JPMorgan Chase & Co. now owns 8,265,880 shares of the real estate investment trust’s stock worth $806,337,000 after purchasing an additional 5,624,163 shares in the last quarter. Capital World Investors bought a new position in Alexandria Real Estate Equities in the 4th quarter worth $326,959,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Alexandria Real Estate Equities by 1,038.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,610,074 shares of the real estate investment trust’s stock worth $157,063,000 after purchasing an additional 1,468,644 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Alexandria Real Estate Equities by 67.9% in the 4th quarter. Northern Trust Corp now owns 2,565,406 shares of the real estate investment trust’s stock worth $250,255,000 after purchasing an additional 1,037,413 shares in the last quarter. 96.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on ARE shares. JMP Securities restated a “market outperform” rating and issued a $130.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, April 30th. JPMorgan Chase & Co. decreased their price objective on shares of Alexandria Real Estate Equities from $117.00 to $95.00 and set a “neutral” rating for the company in a report on Tuesday, May 20th. Wall Street Zen upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, April 3rd. Wedbush decreased their price objective on shares of Alexandria Real Estate Equities from $104.00 to $76.00 and set a “neutral” rating for the company in a report on Wednesday, April 30th. Finally, BNP Paribas Exane decreased their price objective on shares of Alexandria Real Estate Equities from $111.00 to $85.00 and set a “neutral” rating for the company in a report on Tuesday, April 29th. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Alexandria Real Estate Equities presently has an average rating of “Hold” and an average price target of $99.54.

Alexandria Real Estate Equities Stock Up 0.9%

NYSE:ARE opened at $76.96 on Friday. The firm’s 50-day moving average price is $72.30 and its 200-day moving average price is $86.47. The company has a market capitalization of $13.31 billion, a PE ratio of 101.26, a P/E/G ratio of 6.48 and a beta of 1.25. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.22 and a quick ratio of 0.22. Alexandria Real Estate Equities, Inc. has a 1-year low of $67.37 and a 1-year 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 for the quarter, topping analysts’ consensus estimates of $2.28 by $0.02. Alexandria Real Estate Equities had a net margin of 4.62% and a return on equity of 0.64%. The firm had revenue of $758.16 million for the quarter, compared to the consensus estimate of $755.64 million. During the same period in the prior year, the firm earned $2.35 EPS. The company’s revenue was down 1.4% compared to the same quarter last year. On average, equities analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a yield of 6.86%. The ex-dividend date is Monday, June 30th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 694.74%.

Alexandria Real Estate Equities Profile

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.