Alexandria Real Estate Equities, Inc. (NYSE:ARE) Stock Holdings Raised by Cetera Investment Advisers

Cetera Investment Advisers boosted its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 35.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,980 shares of the real estate investment trust's stock after purchasing an additional 6,741 shares during the period. Cetera Investment Advisers' holdings in Alexandria Real Estate Equities were worth $2,534,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ARE. Proficio Capital Partners LLC purchased a new position in Alexandria Real Estate Equities during the fourth quarter worth approximately $29,000. EverSource Wealth Advisors LLC raised its stake in Alexandria Real Estate Equities by 57.7% during the fourth 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 during the period. Cary Street Partners Financial LLC purchased a new position in Alexandria Real Estate Equities during the fourth quarter worth approximately $50,000. Spire Wealth Management raised its stake in Alexandria Real Estate Equities by 72.5% during the fourth quarter. Spire Wealth Management now owns 595 shares of the real estate investment trust's stock worth $58,000 after purchasing an additional 250 shares during the period. Finally, Sherman Asset Management Inc. purchased a new position in Alexandria Real Estate Equities during the fourth quarter worth approximately $75,000. Hedge funds and other institutional investors own 96.54% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on ARE. Jefferies Financial Group assumed coverage on shares of Alexandria Real Estate Equities in a research note on Monday, March 17th. They set a "hold" rating and a $100.00 price target on the stock. Wall Street Zen upgraded Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. JPMorgan Chase & Co. reduced their price objective on Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating on the stock in a research note on Tuesday. JMP Securities restated a "market outperform" rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 30th. Finally, Wedbush restated a "neutral" rating and set a $104.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $116.00.

Alexandria Real Estate Equities Stock Down 1.1%

Alexandria Real Estate Equities stock traded down $0.73 during midday trading on Friday, hitting $67.88. 1,310,431 shares of the stock were exchanged, compared to its average volume of 1,280,580. Alexandria Real Estate Equities, Inc. has a 1 year low of $67.37 and a 1 year high of $130.14. The firm has a market cap of $11.74 billion, a P/E ratio of 37.71, a P/E/G ratio of 3.93 and a beta of 1.27. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.21. The company has a 50 day moving average price of $79.63 and a two-hundred day moving average price of $93.75.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.28 by $0.02. Alexandria Real Estate Equities had a net margin of 10.36% and a return on equity of 1.43%. The firm had revenue of $758.16 million for the quarter, compared to the consensus estimate of $755.64 million. During the same quarter in the previous year, the firm posted $2.35 EPS. The firm's quarterly revenue was down 1.4% on a year-over-year basis. On average, sell-side analysts predict 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 business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 7.78%. The ex-dividend date was Monday, March 31st. Alexandria Real Estate Equities's payout ratio is currently 694.74%.

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.