MidWestOne Financial Group Inc. Has $417,000 Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

MidWestOne Financial Group Inc. decreased its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 66.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,277 shares of the real estate investment trust's stock after selling 8,483 shares during the period. MidWestOne Financial Group Inc.'s holdings in Alexandria Real Estate Equities were worth $417,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Park Avenue Securities LLC increased its stake in shares of Alexandria Real Estate Equities by 65.7% during the fourth quarter. Park Avenue Securities LLC now owns 5,806 shares of the real estate investment trust's stock worth $566,000 after purchasing an additional 2,302 shares during the period. Merit Financial Group LLC bought a new position in Alexandria Real Estate Equities during the 4th quarter worth $228,000. Arkadios Wealth Advisors increased its position in Alexandria Real Estate Equities by 6.1% during the 4th quarter. Arkadios Wealth Advisors now owns 4,449 shares of the real estate investment trust's stock worth $434,000 after buying an additional 256 shares during the period. Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of Alexandria Real Estate Equities by 17.4% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 554,863 shares of the real estate investment trust's stock worth $54,127,000 after buying an additional 82,223 shares in the last quarter. Finally, Park Place Capital Corp boosted its position in shares of Alexandria Real Estate Equities by 42.0% in the fourth quarter. Park Place Capital Corp now owns 2,319 shares of the real estate investment trust's stock valued at $226,000 after acquiring an additional 686 shares during the period. 96.54% of the stock is owned by institutional investors.

Alexandria Real Estate Equities Trading Up 2.5%

Shares of Alexandria Real Estate Equities stock traded up $1.70 on Tuesday, hitting $69.53. The stock had a trading volume of 640,147 shares, compared to its average volume of 1,281,402. The stock has a 50 day moving average of $79.04 and a 200 day moving average of $93.15. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.21 and a current ratio of 0.21. Alexandria Real Estate Equities, Inc. has a twelve month low of $67.37 and a twelve month high of $130.14. The firm has a market capitalization of $12.03 billion, a P/E ratio of 38.60, a PEG ratio of 3.93 and a beta of 1.27.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $2.30 EPS for the quarter, topping analysts' consensus estimates of $2.28 by $0.02. The company had revenue of $758.16 million for the quarter, compared to analyst estimates of $755.64 million. Alexandria Real Estate Equities had a net margin of 10.36% and a return on equity of 1.43%. Alexandria Real Estate Equities's revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.35 earnings per share. Sell-side analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a yield of 7.59%. The ex-dividend date of this dividend was Monday, March 31st. Alexandria Real Estate Equities's dividend payout ratio is presently 694.74%.

Wall Street Analyst Weigh In

ARE has been the topic of a number of recent research reports. Jefferies Financial Group began coverage on shares of Alexandria Real Estate Equities in a research report on Monday, March 17th. They set a "hold" rating and a $100.00 price target on the stock. Wedbush restated a "neutral" rating and issued a $104.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their price objective on shares of Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 20th. Wall Street Zen upgraded Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $130.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, April 30th. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Alexandria Real Estate Equities has a consensus rating of "Hold" and an average target price of $116.00.

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.