Cerity Partners LLC Raises Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Cerity Partners LLC boosted its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 40.8% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 68,665 shares of the real estate investment trust's stock after acquiring an additional 19,904 shares during the quarter. Cerity Partners LLC's holdings in Alexandria Real Estate Equities were worth $6,352,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ARE. Proficio Capital Partners LLC bought a new stake in Alexandria Real Estate Equities during the fourth quarter worth about $29,000. EverSource Wealth Advisors LLC grew its position in shares of Alexandria Real Estate Equities by 57.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust's stock worth $29,000 after buying an additional 109 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in Alexandria Real Estate Equities by 40.4% in 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. Frank Rimerman Advisors LLC purchased a new position in shares of Alexandria Real Estate Equities during the 4th quarter worth approximately $213,000. Finally, Envestnet Portfolio Solutions Inc. boosted its position in shares of Alexandria Real Estate Equities by 36.1% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 21,580 shares of the real estate investment trust's stock valued at $2,105,000 after purchasing an additional 5,722 shares in the last quarter. Hedge funds and other institutional investors own 96.54% of the company's stock.

Alexandria Real Estate Equities Price Performance

Shares of NYSE:ARE traded up $0.87 during mid-day trading on Thursday, reaching $79.02. The stock had a trading volume of 814,782 shares, compared to its average volume of 1,398,457. The business's 50 day moving average price is $73.01 and its 200 day moving average price is $85.31. Alexandria Real Estate Equities, Inc. has a 1 year low of $67.37 and a 1 year high of $130.14. The company has a market cap of $13.67 billion, a P/E ratio of 103.80, a price-to-earnings-growth ratio of 6.52 and a beta of 1.25. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.60.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its 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 during the quarter, compared to analyst estimates of $755.64 million. During the same period last year, the firm posted $2.35 earnings per share. Alexandria Real Estate Equities's revenue for the quarter was down 1.4% compared to the same quarter last year. Research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a $1.32 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $5.28 dividend on an annualized basis and a yield of 6.68%. Alexandria Real Estate Equities's dividend payout ratio is currently 694.74%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ARE. Royal Bank Of Canada lowered their price objective on Alexandria Real Estate Equities from $114.00 to $100.00 in a research note on Monday, May 12th. Citigroup cut their price target on shares of Alexandria Real Estate Equities from $110.00 to $74.00 in a report on Monday, June 2nd. Jefferies Financial Group reduced their price objective on Alexandria Real Estate Equities from $100.00 to $82.00 in a report on Friday, April 11th. Mizuho dropped their price target on Alexandria Real Estate Equities from $121.00 to $91.00 in a research note on Thursday, June 12th. Finally, Wall Street Zen raised shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $99.54.

About Alexandria Real Estate Equities

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.