Freedom Investment Management Inc. Increases Stake in Alexandria Real Estate Equities, Inc. $ARE

Freedom Investment Management Inc. increased its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 11.5% in the second quarter, Holdings Channel.com reports. The firm owned 7,722 shares of the real estate investment trust’s stock after acquiring an additional 795 shares during the period. Freedom Investment Management Inc.’s holdings in Alexandria Real Estate Equities were worth $561,000 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. AQR Capital Management LLC raised its holdings in Alexandria Real Estate Equities by 511.9% during the 1st quarter. AQR Capital Management LLC now owns 1,517,842 shares of the real estate investment trust’s stock valued at $140,416,000 after buying an additional 1,269,795 shares during the last quarter. Invesco Ltd. raised its holdings in Alexandria Real Estate Equities by 39.0% during the 1st quarter. Invesco Ltd. now owns 3,147,743 shares of the real estate investment trust’s stock valued at $291,198,000 after buying an additional 882,963 shares during the last quarter. DAVENPORT & Co LLC raised its holdings in Alexandria Real Estate Equities by 1,796.2% during the 2nd quarter. DAVENPORT & Co LLC now owns 835,789 shares of the real estate investment trust’s stock valued at $60,814,000 after buying an additional 791,712 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Alexandria Real Estate Equities by 79.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,233,606 shares of the real estate investment trust’s stock valued at $114,122,000 after buying an additional 544,358 shares during the last quarter. Finally, Strs Ohio bought a new stake in Alexandria Real Estate Equities during the 1st quarter valued at $41,457,000. 96.54% of the stock is currently owned by institutional investors.

Alexandria Real Estate Equities Stock Performance

Shares of NYSE ARE opened at $77.48 on Friday. The firm’s 50-day moving average price is $81.08 and its 200-day moving average price is $76.95. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.61. The company has a market cap of $13.40 billion, a PE ratio of -595.96, a PEG ratio of 6.50 and a beta of 1.31. Alexandria Real Estate Equities, Inc. has a 52-week low of $67.37 and a 52-week high of $116.90.

Alexandria Real Estate Equities Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 6.8%. The ex-dividend date was Tuesday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio is -4,061.54%.

Wall Street Analyst Weigh In

ARE has been the subject of several research reports. Royal Bank Of Canada decreased their price objective on shares of Alexandria Real Estate Equities from $100.00 to $98.00 and set a “sector perform” rating for the company in a report on Tuesday, July 29th. BMO Capital Markets initiated coverage on shares of Alexandria Real Estate Equities in a report on Tuesday, September 23rd. They issued an “outperform” rating and a $100.00 price objective for the company. BNP Paribas lowered shares of Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating and set a $82.00 price objective for the company. in a report on Wednesday, October 1st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research report on Friday. Finally, Jefferies Financial Group began coverage on shares of Alexandria Real Estate Equities in a research report on Monday, October 6th. They issued a “hold” rating and a $80.00 target price on the stock. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $95.87.

Alexandria Real Estate Equities Company 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.