Cetera Investment Advisers Increases Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Cetera Investment Advisers lifted its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 15.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,977 shares of the real estate investment trust's stock after acquiring an additional 3,997 shares during the period. Cetera Investment Advisers' holdings in Alexandria Real Estate Equities were worth $2,773,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Wellington Management Group LLP lifted its stake in Alexandria Real Estate Equities by 33.9% in the fourth quarter. Wellington Management Group LLP now owns 36,713 shares of the real estate investment trust's stock worth $3,581,000 after purchasing an additional 9,295 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Alexandria Real Estate Equities by 1.6% in the fourth quarter. Wells Fargo & Company MN now owns 459,766 shares of the real estate investment trust's stock worth $44,850,000 after purchasing an additional 7,173 shares during the last quarter. Aviva PLC lifted its stake in Alexandria Real Estate Equities by 1,337.9% in the fourth quarter. Aviva PLC now owns 95,546 shares of the real estate investment trust's stock worth $9,321,000 after purchasing an additional 88,901 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Alexandria Real Estate Equities by 25.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 526,960 shares of the real estate investment trust's stock worth $51,405,000 after purchasing an additional 106,002 shares during the last quarter. Finally, Wedbush Securities Inc. lifted its stake in Alexandria Real Estate Equities by 5.8% in the fourth quarter. Wedbush Securities Inc. now owns 2,300 shares of the real estate investment trust's stock worth $224,000 after purchasing an additional 126 shares during the last quarter. Institutional investors own 96.54% of the company's stock.

Alexandria Real Estate Equities Stock Down 0.5%

ARE stock traded down $0.36 during trading on Friday, hitting $74.20. 914,915 shares of the company's stock traded hands, compared to its average volume of 1,741,159. The firm has a market capitalization of $12.83 billion, a P/E ratio of -570.78, a PEG ratio of 6.25 and a beta of 1.24. The business has a fifty day simple moving average of $75.42 and a two-hundred day simple moving average of $82.81. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.61. Alexandria Real Estate Equities, Inc. has a 1 year low of $67.37 and a 1 year high of $125.63.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.04. Alexandria Real Estate Equities had a negative net margin of 0.33% and a negative return on equity of 0.05%. The business had revenue of $737.28 million for the quarter, compared to analyst estimates of $748.02 million. During the same period in the previous year, the company earned $2.36 earnings per share. The business's revenue for the quarter was down .6% on a year-over-year basis. Sell-side analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a $1.32 dividend. This represents a $5.28 annualized dividend and a yield of 7.1%. The ex-dividend date of this dividend was Monday, June 30th. Alexandria Real Estate Equities's payout ratio is currently -4,061.54%.

Wall Street Analysts Forecast Growth

ARE has been the subject of several research analyst reports. Citigroup decreased their price target on shares of Alexandria Real Estate Equities from $110.00 to $74.00 in a research note on Monday, June 2nd. JMP Securities reaffirmed a "market outperform" rating and set a $130.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 30th. BNP Paribas Exane decreased their price target on shares of Alexandria Real Estate Equities from $111.00 to $85.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Royal Bank Of Canada decreased their price target on shares of Alexandria Real Estate Equities from $100.00 to $98.00 and set a "sector perform" rating for the company in a research note on Tuesday, July 29th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating for the company in a research note on Tuesday, May 20th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $97.17.

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 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.