Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Acquired by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC grew its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 95.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,916 shares of the real estate investment trust's stock after purchasing an additional 4,358 shares during the period. Verdence Capital Advisors LLC's holdings in Alexandria Real Estate Equities were worth $825,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC boosted its position 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 in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Alexandria Real Estate Equities in the fourth quarter valued at approximately $29,000. Colonial Trust Co SC lifted its position in shares of 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 in the last quarter. Tsfg LLC purchased a new position in shares of Alexandria Real Estate Equities in the first quarter valued at approximately $30,000. Finally, TruNorth Capital Management LLC purchased a new position in shares of Alexandria Real Estate Equities in the first quarter valued at approximately $34,000. 96.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Evercore ISI decreased their target price on Alexandria Real Estate Equities from $103.00 to $91.00 in a research report on Wednesday, April 30th. Royal Bank Of Canada cut their price target on Alexandria Real Estate Equities from $114.00 to $100.00 in a report on Monday, May 12th. BNP Paribas Exane cut their price target on 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. Jefferies Financial Group cut their price target on Alexandria Real Estate Equities from $100.00 to $82.00 in a report on Friday, April 11th. Finally, Mizuho cut their price target on Alexandria Real Estate Equities from $121.00 to $91.00 in a report on Thursday, June 12th. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Alexandria Real Estate Equities presently has a consensus rating of "Hold" and an average target price of $99.54.

Alexandria Real Estate Equities Trading Down 0.9%

Shares of NYSE ARE traded down $0.72 during trading on Friday, reaching $78.17. The stock had a trading volume of 1,470,857 shares, compared to its average volume of 1,409,196. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $67.37 and a fifty-two week high of $126.37. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.22 and a current ratio of 0.22. The business's 50-day moving average price is $73.19 and its 200-day moving average price is $85.05. The company has a market cap of $13.52 billion, a P/E ratio of 102.86, a PEG ratio of 6.59 and a beta of 1.25.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its quarterly earnings data 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 return on equity of 0.64% and a net margin of 4.62%. The business had revenue of $758.16 million during the quarter, compared to analysts' expectations of $755.64 million. During the same period in the previous year, the firm posted $2.35 earnings per share. The company's revenue was down 1.4% on a year-over-year basis. On average, equities research analysts predict 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 announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a $1.32 dividend. The ex-dividend date was Monday, June 30th. This represents a $5.28 dividend on an annualized basis and a yield of 6.75%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently 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.