EP Wealth Advisors LLC Invests $267,000 in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

EP Wealth Advisors LLC bought a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,124 shares of the real estate investment trust’s stock, valued at approximately $267,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of Alexandria Real Estate Equities by 8.5% in the 1st quarter. BlackRock Inc. now owns 17,138,718 shares of the real estate investment trust’s stock worth $2,152,452,000 after purchasing an additional 1,338,634 shares during the period. Norges Bank purchased a new stake in Alexandria Real Estate Equities in the fourth quarter worth about $2,277,135,000. State Street Corp boosted its position in Alexandria Real Estate Equities by 4.2% during the 1st quarter. State Street Corp now owns 10,640,279 shares of the real estate investment trust’s stock valued at $1,348,934,000 after acquiring an additional 424,932 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Alexandria Real Estate Equities by 3.5% during the 1st quarter. Principal Financial Group Inc. now owns 5,984,509 shares of the real estate investment trust’s stock worth $751,593,000 after acquiring an additional 200,487 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Alexandria Real Estate Equities by 7.3% in the 1st quarter. Geode Capital Management LLC now owns 3,604,252 shares of the real estate investment trust’s stock worth $451,738,000 after acquiring an additional 245,322 shares in the last quarter. Hedge funds and other institutional investors own 86.36% of the company’s stock.

Alexandria Real Estate Equities Trading Down 1.2 %

Shares of NYSE ARE opened at $112.32 on Tuesday. The firm’s 50 day moving average price is $118.62 and its 200-day moving average price is $120.16. Alexandria Real Estate Equities, Inc. has a 52-week low of $108.81 and a 52-week high of $172.65. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.39 and a current ratio of 0.39. The company has a market cap of $19.43 billion, a PE ratio of 33.33, a P/E/G ratio of 3.14 and a beta of 0.94.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($1.69). The business had revenue of $713.90 million during the quarter, compared to the consensus estimate of $700.22 million. Alexandria Real Estate Equities had a net margin of 20.65% and a return on equity of 2.54%. The business’s revenue was up 10.9% compared to the same quarter last year. During the same period last year, the company posted $2.10 earnings per share. On average, equities research analysts expect that Alexandria Real Estate Equities, Inc. will post 8.96 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be issued a $1.24 dividend. The ex-dividend date is Thursday, September 28th. This represents a $4.96 annualized dividend and a yield of 4.42%. Alexandria Real Estate Equities’s payout ratio is 147.18%.

Analyst Upgrades and Downgrades

ARE has been the topic of a number of research reports. StockNews.com assumed coverage on shares of Alexandria Real Estate Equities in a report on Thursday, August 17th. They set a “sell” rating on the stock. JMP Securities dropped their price objective on shares of Alexandria Real Estate Equities from $180.00 to $160.00 and set a “market outperform” rating on the stock in a research note on Wednesday, July 26th. Evercore ISI decreased their target price on shares of Alexandria Real Estate Equities from $137.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday, August 16th. Finally, Jefferies Financial Group began coverage on Alexandria Real Estate Equities in a research report on Thursday, July 20th. They issued a “buy” rating and a $142.00 price target on the stock. One analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Alexandria Real Estate Equities presently has a consensus rating of “Moderate Buy” and an average price target of $160.63.

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 its founding in 1994, Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative life science, agtech, and advanced technology campuses in AAA innovation cluster locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.