29,184 Shares in Alexandria Real Estate Equities, Inc. $ARE Purchased by Americana Partners LLC

Key Points

• Americana Partners purchased 29,184 shares of Alexandria Real Estate Equities in the third quarter, valued at approximately $1.385 million. Institutional investors and hedge funds collectively own 96.54% of the company.
• Analyst sentiment remains cautious: ARE has an average “Reduce” rating and a consensus price target of $49.36, with recent targets ranging from $41 to $52.
• Alexandria reported a quarterly loss of $3.74 per share, substantially missing estimates, while revenue reached $671.18 million but fell 10.7% year over year. The company continues to pay a quarterly dividend of $0.72, representing a 7.2% annualized yield.

Americana Partners LLC purchased a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 29,184 shares of the real estate investment trust's stock, valued at approximately $1,385,000.

A number of other large investors also recently modified their holdings of ARE. FNY Investment Advisers LLC bought a new position in Alexandria Real Estate Equities during the 2nd quarter worth about $26,000. First Bancorp Inc ME bought a new stake in shares of Alexandria Real Estate Equities in the 2nd quarter valued at $26,000. Reyes Financial Architecture Inc. acquired a new position in Alexandria Real Estate Equities during the 3rd quarter valued at about $27,000. Pension & Wealth Management Advisors Inc. purchased a new stake in shares of Alexandria Real Estate Equities during the 3rd quarter worth approximately $29,000. Finally, Basecamp Wealth Advisors LLC increased its position in shares of Alexandria Real Estate Equities by 3,723.5% during the first quarter. Basecamp Wealth Advisors LLC now owns 650 shares of the real estate investment trust's stock valued at $30,000 after buying an additional 633 shares during the period. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ARE has been the subject of several recent research reports. Wall Street Zen lowered shares of Alexandria Real Estate Equities from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th. BMO Capital Markets reduced their price target on Alexandria Real Estate Equities from $52.00 to $48.00 and set a "market perform" rating on the stock in a research report on Monday, September 28th. Citigroup reduced their price target on Alexandria Real Estate Equities from $50.00 to $42.00 and set a "neutral" rating on the stock in a research note on Friday. Robert W. Baird upped their target price on shares of Alexandria Real Estate Equities from $46.00 to $52.00 and gave the stock a "neutral" rating in a research report on Monday, August 24th. Finally, Raymond James Financial set a $41.00 target price on Alexandria Real Estate Equities in a research report on Monday, October 12th. Two equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Reduce" and an average price target of $49.36.

Alexandria Real Estate Equities Stock Performance

NYSE ARE opened at $40.12 on Monday. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.65. The company's 50 day moving average is $48.10 and its 200-day moving average is $49.70. The firm has a market cap of $6.99 billion, a P/E ratio of -4.76 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a 12-month low of $38.34 and a 12-month high of $59.76.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its quarterly earnings results on Monday, October 26th. The real estate investment trust reported ($3.74) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by ($3.71). Alexandria Real Estate Equities had a negative return on equity of 7.52% and a negative net margin of 51.81%. The company had revenue of $671.18 million during the quarter, compared to the consensus estimate of $646.26 million. During the same period in the previous year, the company earned $2.22 earnings per share. Alexandria Real Estate Equities's quarterly revenue was down 10.7% on a year-over-year basis. Sell-side analysts predict that Alexandria Real Estate Equities, Inc. will post 6.39 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were issued a $0.72 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $2.88 dividend on an annualized basis and a yield of 7.2%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently -34.20%.

Insider Buying and Selling at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, CAO Andres Gavinet sold 10,000 shares of the stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $50.93, for a total transaction of $509,300.00. Following the completion of the transaction, the chief accounting officer owned 102,516 shares of the company's stock, valued at $5,221,139.88. This trade represents a 8.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Kristina Fukuzaki-Carlson sold 16,810 shares of Alexandria Real Estate Equities stock in a transaction on Friday, September 11th. The stock was sold at an average price of $50.51, for a total value of $849,073.10. Following the transaction, the executive vice president directly owned 39,152 shares of the company's stock, valued at approximately $1,977,567.52. This represents a 30.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.35% of the company's stock.

Alexandria Real Estate Equities Profile

Alexandria Real Estate Equities, Inc NYSE: ARE is a real estate investment trust that owns, operates and develops collaborative life science, agtech and advanced technology campuses. Its properties are designed for companies, research institutions and government agencies engaged in biotechnology, pharmaceuticals, medical devices, agriculture technology and related fields.

The company provides laboratory, office and research space, along with supporting amenities and infrastructure intended to foster collaboration among its tenants.

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