Bank of Stockton Has $300,000 Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Bank of Stockton lowered its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 30.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,243 shares of the real estate investment trust’s stock after selling 1,400 shares during the quarter. Bank of Stockton’s holdings in Alexandria Real Estate Equities were worth $300,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC grew its holdings in shares of Alexandria Real Estate Equities by 57.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 109 shares in the last quarter. Coldstream Capital Management Inc. lifted its position in Alexandria Real Estate Equities by 6.0% during the fourth quarter. Coldstream Capital Management Inc. now owns 2,119 shares of the real estate investment trust’s stock worth $207,000 after purchasing an additional 120 shares during the period. Wedbush Securities Inc. grew its stake in Alexandria Real Estate Equities by 5.8% during the fourth quarter. Wedbush Securities Inc. now owns 2,300 shares of the real estate investment trust’s stock worth $224,000 after buying an additional 126 shares in the last quarter. M&T Bank Corp increased its holdings in Alexandria Real Estate Equities by 0.7% in the 4th quarter. M&T Bank Corp now owns 19,478 shares of the real estate investment trust’s stock valued at $1,901,000 after buying an additional 127 shares during the period. Finally, Farther Finance Advisors LLC raised its position in shares of Alexandria Real Estate Equities by 16.4% in the 1st quarter. Farther Finance Advisors LLC now owns 1,084 shares of the real estate investment trust’s stock valued at $99,000 after buying an additional 153 shares in the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Down 2.1%

Shares of NYSE ARE opened at $73.82 on Thursday. The company has a 50 day simple moving average of $72.56 and a 200 day simple moving average of $87.84. 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. The firm has a market cap of $12.77 billion, a PE ratio of 97.13, a price-to-earnings-growth ratio of 6.35 and a beta of 1.25.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.28 by $0.02. The business had revenue of $758.16 million during the quarter, compared to the consensus estimate of $755.64 million. Alexandria Real Estate Equities had a return on equity of 0.64% and a net margin of 4.62%. Alexandria Real Estate Equities’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.35 earnings per share. On average, research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 7.15%. The ex-dividend date is Monday, June 30th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 694.74%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. JMP Securities reiterated a “market outperform” rating and set a $130.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 30th. JPMorgan Chase & Co. reduced their target price on Alexandria Real Estate Equities from $117.00 to $95.00 and set a “neutral” rating on the stock in a report on Tuesday, May 20th. Wall Street Zen raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, April 3rd. Finally, Jefferies Financial Group assumed coverage on Alexandria Real Estate Equities in a research report on Monday, March 17th. They set a “hold” rating and a $100.00 price objective for the company. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $116.00.

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.