Raymond James Trust N.A. Acquires Shares of 4,737 Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Raymond James Trust N.A. bought a new position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,737 shares of the real estate investment trust’s stock, valued at approximately $563,000.

Other large investors have also made changes to their positions in the company. Catalyst Capital Advisors LLC purchased a new position in Alexandria Real Estate Equities during the 3rd quarter worth approximately $25,000. Ashton Thomas Securities LLC purchased a new position in shares of Alexandria Real Estate Equities during the third quarter valued at $30,000. UMB Bank n.a. grew its holdings in shares of Alexandria Real Estate Equities by 132.8% during the second quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 154 shares in the last quarter. Rothschild Investment LLC acquired a new position in Alexandria Real Estate Equities during the second quarter valued at $33,000. Finally, Venturi Wealth Management LLC lifted its stake in Alexandria Real Estate Equities by 144.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 180 shares in the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Price Performance

Shares of NYSE:ARE opened at $112.10 on Tuesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.20 and a quick ratio of 0.20. The stock has a market capitalization of $19.59 billion, a P/E ratio of 68.35, a P/E/G ratio of 4.06 and a beta of 1.16. The business has a 50-day moving average of $115.32 and a two-hundred day moving average of $117.30. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $102.89 and a fifty-two week high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.38 by ($1.42). Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. The company had revenue of $791.60 million for the quarter, compared to the consensus estimate of $766.97 million. During the same period in the previous year, the company earned $2.26 EPS. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, equities research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $1.30 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.20 annualized dividend and a yield of 4.64%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 317.07%.

Analyst Upgrades and Downgrades

ARE has been the topic of a number of research reports. Citigroup downgraded Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their target price for the company from $130.00 to $125.00 in a report on Friday, September 13th. BMO Capital Markets upgraded shares of Alexandria Real Estate Equities to a “hold” rating in a research report on Wednesday, September 25th. Evercore ISI lowered their price target on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating on the stock in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and cut their price objective for the stock from $135.00 to $112.00 in a report on Friday, November 15th. Finally, Bank of America downgraded Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and lowered their target price for the company from $151.00 to $126.00 in a research note on Monday, July 29th. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $127.30.

Alexandria Real Estate Equities 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.