Axxcess Wealth Management LLC Invests $625,000 in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Axxcess Wealth Management LLC acquired a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,751 shares of the real estate investment trust's stock, valued at approximately $625,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ARE. Jones Financial Companies Lllp lifted its holdings in shares of Alexandria Real Estate Equities by 192.9% during the 4th quarter. Jones Financial Companies Lllp now owns 1,119 shares of the real estate investment trust's stock worth $109,000 after acquiring an additional 737 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Alexandria Real Estate Equities during the 4th quarter worth about $29,000. EverSource Wealth Advisors LLC increased its position in shares of Alexandria Real Estate Equities by 57.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 109 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of Alexandria Real Estate Equities by 40.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 11,029 shares of the real estate investment trust's stock worth $1,076,000 after purchasing an additional 3,176 shares in the last quarter. Finally, Hilton Capital Management LLC increased its position in shares of Alexandria Real Estate Equities by 4.6% during the 4th quarter. Hilton Capital Management LLC now owns 9,204 shares of the real estate investment trust's stock worth $898,000 after purchasing an additional 404 shares in the last quarter. 96.54% of the stock is owned by institutional investors.

Alexandria Real Estate Equities Stock Performance

Shares of ARE opened at $79.64 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.22 and a current ratio of 0.22. Alexandria Real Estate Equities, Inc. has a twelve month low of $67.37 and a twelve month high of $130.14. The firm's 50 day moving average price is $72.66 and its two-hundred day moving average price is $85.66. The firm has a market cap of $13.78 billion, a P/E ratio of 104.79, a PEG ratio of 6.71 and a beta of 1.25.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $2.30 earnings per share for the quarter, beating analysts' consensus estimates of $2.28 by $0.02. Alexandria Real Estate Equities had a net margin of 4.62% and a return on equity of 0.64%. The firm had revenue of $758.16 million for the quarter, compared to analyst estimates of $755.64 million. During the same quarter in the previous year, the firm posted $2.35 earnings per share. The business's revenue was down 1.4% on a year-over-year basis. On average, analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a dividend yield of 6.63%. The ex-dividend date of this dividend is Monday, June 30th. Alexandria Real Estate Equities's dividend payout ratio is presently 694.74%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ARE. Evercore ISI dropped their target price on shares of Alexandria Real Estate Equities from $103.00 to $91.00 in a research report on Wednesday, April 30th. Jefferies Financial Group lowered their price objective on shares of Alexandria Real Estate Equities from $100.00 to $82.00 in a research report on Friday, April 11th. Royal Bank Of Canada lowered their price objective on shares of Alexandria Real Estate Equities from $114.00 to $100.00 in a research report on Monday, May 12th. Citigroup lowered their price objective on shares of Alexandria Real Estate Equities from $110.00 to $74.00 in a research report on Monday, June 2nd. Finally, Baird R W lowered their price objective on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a research report on Thursday, June 12th. Eleven research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $99.54.

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.

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