Sequoia Financial Advisors LLC Raises Holdings in Alexandria Real Estate Equities, Inc. $ARE

Sequoia Financial Advisors LLC lifted its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 212.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,177 shares of the real estate investment trust’s stock after purchasing an additional 5,557 shares during the period. Sequoia Financial Advisors LLC’s holdings in Alexandria Real Estate Equities were worth $594,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of ARE. Sound Income Strategies LLC purchased a new position in shares of Alexandria Real Estate Equities during the 2nd quarter worth approximately $25,000. American National Bank & Trust purchased a new position in shares of Alexandria Real Estate Equities during the 2nd quarter worth approximately $29,000. Tsfg LLC purchased a new position in shares of Alexandria Real Estate Equities during the 1st quarter worth approximately $30,000. Avalon Trust Co purchased a new stake in Alexandria Real Estate Equities in the 1st quarter worth approximately $32,000. Finally, TruNorth Capital Management LLC purchased a new stake in Alexandria Real Estate Equities in the 1st quarter worth approximately $34,000. 96.54% of the stock is owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Stock Down 0.2%

Shares of NYSE ARE opened at $75.07 on Monday. Alexandria Real Estate Equities, Inc. has a 52-week low of $67.37 and a 52-week high of $122.25. The firm has a fifty day moving average of $80.79 and a 200-day moving average of $76.97. The stock has a market capitalization of $12.98 billion, a PE ratio of -577.45, a P/E/G ratio of 6.30 and a beta of 1.31. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.61.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.04. Alexandria Real Estate Equities had a negative net margin of 0.33% and a negative return on equity of 0.05%. The company had revenue of $737.28 million during the quarter, compared to analysts’ expectations of $748.02 million. During the same period in the previous year, the company earned $2.36 EPS. The business’s quarterly revenue was down .6% compared to the same quarter last year. On average, analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a dividend of $1.32 per share. The ex-dividend date was Tuesday, September 30th. This represents a $5.28 annualized dividend and a dividend yield of 7.0%. Alexandria Real Estate Equities’s payout ratio is presently -4,061.54%.

Analyst Ratings Changes

Several analysts have commented on ARE shares. BNP Paribas Exane reaffirmed an “underperform” rating on shares of Alexandria Real Estate Equities in a research note on Wednesday, October 1st. Royal Bank Of Canada lowered their target price on shares of Alexandria Real Estate Equities from $100.00 to $98.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 29th. Jefferies Financial Group started coverage on shares of Alexandria Real Estate Equities in a research note on Monday, October 6th. They issued a “hold” rating and a $80.00 target price for the company. BNP Paribas cut shares of Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating and set a $82.00 target price for the company. in a research note on Wednesday, October 1st. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research note on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $95.87.

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.