Sage Rhino Capital LLC Takes $691,000 Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Sage Rhino Capital LLC acquired a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 7,473 shares of the real estate investment trust's stock, valued at approximately $691,000.

A number of other institutional investors also recently modified their holdings of ARE. Proficio Capital Partners LLC bought a new position in shares of Alexandria Real Estate Equities in the 4th quarter valued at about $29,000. EverSource Wealth Advisors LLC boosted its stake in Alexandria Real Estate Equities by 57.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 109 shares during the last quarter. Colonial Trust Co SC boosted its stake in Alexandria Real Estate Equities by 514.3% in the fourth 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 during the last quarter. Tsfg LLC acquired a new stake in Alexandria Real Estate Equities during the 1st quarter worth $30,000. Finally, Cary Street Partners Financial LLC bought a new stake in shares of Alexandria Real Estate Equities during the 4th quarter valued at $50,000. 96.54% of the stock is owned by institutional investors.

Alexandria Real Estate Equities Trading Down 1.2%

ARE traded down $0.96 during trading on Monday, hitting $78.59. The company's stock had a trading volume of 2,185,081 shares, compared to its average volume of 1,599,489. The firm has a market capitalization of $13.60 billion, a P/E ratio of 103.41, a PEG ratio of 6.71 and a beta of 1.25. Alexandria Real Estate Equities, Inc. has a twelve month low of $67.37 and a twelve month high of $130.14. The stock's fifty day moving average price is $72.66 and its 200-day moving average price is $85.56. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.60.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its earnings results on Monday, April 28th. The real estate investment trust reported $2.30 earnings per share for the quarter, topping analysts' consensus estimates of $2.28 by $0.02. Alexandria Real Estate Equities had a return on equity of 0.64% and a net margin of 4.62%. The company had revenue of $758.16 million for the quarter, compared to analyst estimates of $755.64 million. During the same period in the prior year, the firm earned $2.35 earnings per share. Alexandria Real Estate Equities's revenue for the quarter was down 1.4% on a year-over-year basis. Analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a $1.32 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $5.28 annualized dividend and a yield of 6.72%. Alexandria Real Estate Equities's payout ratio is 694.74%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ARE shares. BNP Paribas Exane decreased their price target on shares of Alexandria Real Estate Equities from $111.00 to $85.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. JPMorgan Chase & Co. reduced their target price 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. Wedbush lowered their price target on Alexandria Real Estate Equities from $104.00 to $76.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. Baird R W cut their price objective on Alexandria Real Estate Equities from $129.00 to $102.00 in a report on Thursday, June 12th. Finally, Wall Street Zen raised Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. Eleven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Alexandria Real Estate Equities presently has a consensus rating of "Hold" and an average price target of $99.54.

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.