Dynasty Wealth Management LLC Buys Shares of 4,782 Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Dynasty Wealth Management LLC acquired a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,782 shares of the real estate investment trust's stock, valued at approximately $442,000.

Several other hedge funds have also recently added to or reduced their stakes in ARE. EverSource Wealth Advisors LLC grew its holdings in shares of 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 last quarter. Coldstream Capital Management Inc. lifted its position in Alexandria Real Estate Equities by 6.0% during the 4th quarter. Coldstream Capital Management Inc. now owns 2,119 shares of the real estate investment trust's stock worth $207,000 after buying an additional 120 shares in the last quarter. Wedbush Securities Inc. grew its holdings in Alexandria Real Estate Equities by 5.8% during the 4th quarter. Wedbush Securities Inc. now owns 2,300 shares of the real estate investment trust's stock worth $224,000 after acquiring an additional 126 shares during the last quarter. Private Trust Co. NA grew its holdings in 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 worth $86,000 after acquiring an additional 149 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in Alexandria Real Estate Equities by 16.4% in the 1st quarter. Farther Finance Advisors LLC now owns 1,084 shares of the real estate investment trust's stock valued at $99,000 after acquiring an additional 153 shares in the last quarter. Institutional investors own 96.54% of the company's stock.

Alexandria Real Estate Equities Trading Down 0.9%

NYSE:ARE traded down $0.72 during mid-day trading on Friday, hitting $78.17. The company had a trading volume of 1,470,857 shares, compared to its average volume of 1,407,233. 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 fifty-two week low of $67.37 and a fifty-two week high of $126.55. The firm has a market cap of $13.52 billion, a P/E ratio of 102.86, a P/E/G ratio of 6.65 and a beta of 1.25. The business's fifty day moving average is $73.11 and its two-hundred day moving average is $85.18.

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 business had revenue of $758.16 million for the quarter, compared to the consensus estimate of $755.64 million. During the same period last year, the company posted $2.35 EPS. Alexandria Real Estate Equities's revenue for the quarter was down 1.4% on a year-over-year basis. As a group, research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a dividend of $1.32 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $5.28 dividend on an annualized basis and a dividend yield of 6.75%. Alexandria Real Estate Equities's dividend payout ratio is 694.74%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ARE. Mizuho reduced their target price on shares of Alexandria Real Estate Equities from $121.00 to $91.00 in a research report on Thursday, June 12th. 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 report on Tuesday, May 20th. BNP Paribas Exane lowered their target price on 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. Citigroup dropped their target price on Alexandria Real Estate Equities from $110.00 to $74.00 in a research report on Monday, June 2nd. Finally, Baird R W decreased their price target on Alexandria Real Estate Equities from $129.00 to $102.00 in a report on Thursday, June 12th. Eleven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Alexandria Real Estate Equities has an average rating of "Hold" and an average price target 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.