Ellevest Inc. Has $206,000 Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Ellevest Inc. lowered its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 45.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,108 shares of the real estate investment trust’s stock after selling 1,729 shares during the period. Ellevest Inc.’s holdings in Alexandria Real Estate Equities were worth $206,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its stake in Alexandria Real Estate Equities by 57.7% during the fourth 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 during the period. Colonial Trust Co SC grew its stake in Alexandria Real Estate Equities by 514.3% during the fourth quarter. Colonial Trust Co SC now owns 301 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 252 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Alexandria Real Estate Equities during the third quarter worth approximately $43,000. Cary Street Partners Financial LLC acquired a new stake in Alexandria Real Estate Equities during the fourth quarter worth approximately $50,000. Finally, Spire Wealth Management grew its stake in Alexandria Real Estate Equities by 72.5% during the fourth quarter. Spire Wealth Management now owns 595 shares of the real estate investment trust’s stock worth $58,000 after purchasing an additional 250 shares during the period. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Up 0.7%

ARE stock opened at $74.21 on Monday. Alexandria Real Estate Equities, Inc. has a twelve month low of $70.57 and a twelve month high of $130.14. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55. The stock’s 50 day moving average is $85.34 and its 200-day moving average is $96.37. The firm has a market capitalization of $12.84 billion, a PE ratio of 41.23, a P/E/G ratio of 3.93 and a beta of 1.27.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results 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. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. The company had revenue of $758.16 million for the quarter, compared to analyst estimates of $755.64 million. During the same quarter last year, the company earned $2.35 earnings per share. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. Sell-side analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $1.32 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $5.28 dividend on an annualized basis and a dividend yield of 7.11%. Alexandria Real Estate Equities’s dividend payout ratio is presently 694.74%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Wedbush reaffirmed a “neutral” rating and set a $104.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. JMP Securities reissued a “market outperform” rating and issued a $130.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 30th. StockNews.com raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Thursday, April 3rd. Finally, Jefferies Financial Group initiated coverage on Alexandria Real Estate Equities in a research note on Monday, March 17th. They issued a “hold” rating and a $100.00 price objective for the company. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $118.60.

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.