LPL Financial LLC Increases Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Key Points

• LPL Financial LLC increased its stake in Alexandria Real Estate Equities by 12.9%, acquiring an additional 33,713 shares, bringing its total ownership to about 294,198 shares valued at $27.2 million.
• The company reported a quarterly earnings per share of $2.33, which surpassed analysts' estimates, although its revenue of $737.28 million fell short of the forecast of $748.02 million.
• Alexandria Real Estate Equities announced a quarterly dividend of $1.32 per share, yielding 6.9%, despite a significantly high payout ratio of -4,061.54%.

LPL Financial LLC raised its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 12.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 294,198 shares of the real estate investment trust's stock after acquiring an additional 33,713 shares during the period. LPL Financial LLC owned approximately 0.17% of Alexandria Real Estate Equities worth $27,216,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Colonial Trust Co SC increased its position in Alexandria Real Estate Equities by 514.3% in the 4th quarter. Colonial Trust Co SC now owns 301 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 252 shares in the last quarter. Tsfg LLC bought a new stake in Alexandria Real Estate Equities in the first quarter valued at approximately $30,000. TruNorth Capital Management LLC bought a new position in Alexandria Real Estate Equities during the first quarter worth about $34,000. Cromwell Holdings LLC acquired a new position in shares of Alexandria Real Estate Equities in the 1st quarter valued at approximately $36,000. Finally, Cary Street Partners Financial LLC bought a new stake in shares of Alexandria Real Estate Equities during the fourth quarter worth $50,000. 96.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ARE. Mizuho lowered their price objective on shares of Alexandria Real Estate Equities from $121.00 to $91.00 in a report on Thursday, June 12th. JMP Securities reiterated a "market outperform" rating and issued a $130.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 30th. JPMorgan Chase & Co. cut their price objective on shares of Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating for the company in a report on Tuesday, May 20th. Evercore ISI cut their price objective on shares of Alexandria Real Estate Equities from $103.00 to $91.00 in a research report on Wednesday, April 30th. Finally, Citigroup decreased their target price on Alexandria Real Estate Equities from $110.00 to $74.00 in a research report on Monday, June 2nd. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $97.17.

Alexandria Real Estate Equities Trading Up 0.7%

NYSE ARE traded up $0.55 during trading hours on Thursday, hitting $74.40. 1,220,763 shares of the company's stock were exchanged, compared to its average volume of 1,610,453. The firm has a market cap of $12.87 billion, a price-to-earnings ratio of -573.62, a PEG ratio of 6.58 and a beta of 1.24. Alexandria Real Estate Equities, Inc. has a 1-year low of $67.37 and a 1-year high of $125.63. The stock has a 50-day simple moving average of $75.27 and a 200 day simple moving average of $83.32. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.61.

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

Alexandria Real Estate Equities Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued 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 yield of 7.1%. Alexandria Real Estate Equities's dividend payout ratio is -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.