Chicago Partners Investment Group LLC Acquires Shares of 3,663 Alexandria Real Estate Equities, Inc. $ARE

Chicago Partners Investment Group LLC acquired a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the second quarter, according to its most recent filing with the SEC. The firm acquired 3,663 shares of the real estate investment trust’s stock, valued at approximately $266,000.

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

Wall Street Analyst Weigh In

Several research firms have weighed in on ARE. Jefferies Financial Group began coverage on Alexandria Real Estate Equities in a research note on Monday, October 6th. They issued a “hold” rating and a $80.00 target price on the stock. Evercore ISI raised shares of Alexandria Real Estate Equities from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $91.00 to $104.00 in a research note on Monday, September 15th. BNP Paribas Exane restated an “underperform” rating on shares of Alexandria Real Estate Equities in a report on Wednesday, October 1st. Royal Bank Of Canada cut their target price on shares of Alexandria Real Estate Equities from $100.00 to $98.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 29th. Finally, Cantor Fitzgerald decreased their price target on shares of Alexandria Real Estate Equities from $88.00 to $79.00 and set a “neutral” rating for the company in a report on Monday, October 13th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Alexandria Real Estate Equities has an average rating of “Hold” and a consensus price target of $95.87.

Alexandria Real Estate Equities Stock Up 0.7%

Shares of NYSE:ARE opened at $77.48 on Friday. The company has a market capitalization of $13.40 billion, a PE ratio of -595.96, a price-to-earnings-growth ratio of 6.46 and a beta of 1.31. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.23 and a current ratio of 0.23. Alexandria Real Estate Equities, Inc. has a 52-week low of $67.37 and a 52-week high of $116.90. The company has a fifty day moving average of $81.08 and a 200-day moving average of $76.95.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date was Tuesday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently -4,061.54%.

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.