Cetera Investment Advisers Has $2.77 Million Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Cetera Investment Advisers raised its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 15.4% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 29,977 shares of the real estate investment trust's stock after purchasing 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 reporting period.

A number of other hedge funds have also made changes to their positions in the company. Bank of America Corp DE raised its position in shares of Alexandria Real Estate Equities by 218.1% in the fourth quarter. Bank of America Corp DE now owns 1,164,554 shares of the real estate investment trust's stock valued at $113,602,000 after buying an additional 798,438 shares during the last quarter. Private Trust Co. NA lifted its holdings in shares of Alexandria Real Estate Equities by 19.2% during the 1st quarter. Private Trust Co. NA now owns 925 shares of the real estate investment trust's stock valued at $86,000 after acquiring an additional 149 shares in the last quarter. ProShare Advisors LLC boosted its position in shares of Alexandria Real Estate Equities by 53.8% in the fourth quarter. ProShare Advisors LLC now owns 42,925 shares of the real estate investment trust's stock worth $4,187,000 after buying an additional 15,012 shares during the period. Wellington Management Group LLP grew its position 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 valued at $3,581,000 after acquiring an additional 9,295 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its stake in Alexandria Real Estate Equities by 4.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 11,795 shares of the real estate investment trust's stock worth $1,091,000 after buying an additional 463 shares during the period. Hedge funds and other institutional investors own 96.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ARE shares. Wedbush dropped their price objective on Alexandria Real Estate Equities from $104.00 to $76.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Baird R W lowered their target price on Alexandria Real Estate Equities from $129.00 to $102.00 in a report on Thursday, June 12th. Royal Bank Of Canada cut their price objective on shares of Alexandria Real Estate Equities from $100.00 to $98.00 and set a "sector perform" rating on the stock in a research report on Tuesday, July 29th. JMP Securities reiterated a "market outperform" rating and set a $130.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 30th. Finally, BNP Paribas Exane decreased their price objective on shares of Alexandria Real Estate Equities from $111.00 to $85.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $97.17.

Alexandria Real Estate Equities Stock Up 0.9%

NYSE:ARE traded up $0.67 during trading hours on Thursday, hitting $74.52. 2,092,807 shares of the company's stock traded hands, compared to its average volume of 1,707,649. The stock's fifty day moving average price is $75.34 and its two-hundred day moving average price is $83.13. Alexandria Real Estate Equities, Inc. has a twelve month low of $67.37 and a twelve month high of $125.63. The firm has a market cap of $12.89 billion, a P/E ratio of -573.19, a P/E/G ratio of 6.22 and a beta of 1.24. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.23 and a current ratio of 0.23.

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

Alexandria Real Estate Equities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a dividend 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%.

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.