Wealth Alliance LLC Boosts Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Wealth Alliance LLC lifted its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 195.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,767 shares of the real estate investment trust's stock after purchasing an additional 5,135 shares during the period. Wealth Alliance LLC's holdings in Alexandria Real Estate Equities were worth $719,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Proficio Capital Partners LLC purchased a new position in Alexandria Real Estate Equities during the 4th quarter valued at about $29,000. Colonial Trust Co SC lifted its position in Alexandria Real Estate Equities by 514.3% during 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 during the period. Tsfg LLC purchased a new position in Alexandria Real Estate Equities during the 1st quarter valued at about $30,000. TruNorth Capital Management LLC bought a new stake in Alexandria Real Estate Equities during the 1st quarter valued at about $34,000. Finally, Cromwell Holdings LLC bought a new stake in Alexandria Real Estate Equities during the 1st quarter valued at about $36,000. 96.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Royal Bank Of Canada reduced their price objective on shares of Alexandria Real Estate Equities from $114.00 to $100.00 in a research note on Monday, May 12th. JMP Securities reissued a "market outperform" rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, April 30th. Mizuho decreased their price objective on shares of Alexandria Real Estate Equities from $121.00 to $91.00 in a report on Thursday, June 12th. Wall Street Zen raised shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. Finally, Citigroup decreased their price objective on shares of Alexandria Real Estate Equities from $110.00 to $74.00 in a report on Monday, June 2nd. Eleven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $99.54.

Alexandria Real Estate Equities Trading Down 0.9%

Shares of ARE stock opened at $78.17 on Monday. Alexandria Real Estate Equities, Inc. has a 1 year low of $67.37 and a 1 year high of $126.37. The firm has a fifty day moving average price of $73.19 and a 200-day moving average price of $84.88. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.22 and a quick ratio of 0.22. The company has a market cap of $13.52 billion, a price-to-earnings 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 posted its quarterly 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. The business had revenue of $758.16 million during the quarter, compared to analyst estimates of $755.64 million. Alexandria Real Estate Equities had a net margin of 4.62% and a return on equity of 0.64%. The company's revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.35 earnings per share. As a group, equities analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors 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%.

Alexandria Real Estate Equities 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.

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