Truvestments Capital LLC Has $2.69 Million Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Truvestments Capital LLC lifted its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 3.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,676 shares of the real estate investment trust’s stock after purchasing an additional 733 shares during the quarter. Truvestments Capital LLC’s holdings in Alexandria Real Estate Equities were worth $2,693,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pathway Financial Advisers LLC lifted its holdings in shares of Alexandria Real Estate Equities by 11,449.8% during the third quarter. Pathway Financial Advisers LLC now owns 1,423,630 shares of the real estate investment trust’s stock valued at $169,056,000 after acquiring an additional 1,411,304 shares during the period. Raymond James & Associates increased its position in shares of Alexandria Real Estate Equities by 501.1% during the 3rd quarter. Raymond James & Associates now owns 290,857 shares of the real estate investment trust’s stock worth $34,539,000 after purchasing an additional 242,466 shares in the last quarter. KBC Group NV lifted its holdings in Alexandria Real Estate Equities by 315.9% during the 3rd quarter. KBC Group NV now owns 169,350 shares of the real estate investment trust’s stock valued at $20,110,000 after purchasing an additional 128,634 shares during the last quarter. Swedbank AB acquired a new position in Alexandria Real Estate Equities in the first quarter valued at about $14,588,000. Finally, Renaissance Technologies LLC bought a new stake in Alexandria Real Estate Equities during the second quarter worth about $12,738,000. 96.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on ARE. Bank of America cut shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and cut their target price for the company from $151.00 to $126.00 in a research note on Monday, July 29th. Jefferies Financial Group lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $136.00 to $127.00 in a research note on Friday, August 2nd. Citigroup lowered Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and lowered their target price for the company from $130.00 to $125.00 in a research note on Friday, September 13th. Robert W. Baird reduced their price target on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $125.00 price objective (down previously from $130.00) on shares of Alexandria Real Estate Equities in a report on Thursday, October 24th. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $127.30.

Alexandria Real Estate Equities Stock Performance

Alexandria Real Estate Equities stock opened at $109.00 on Monday. The company has a market cap of $19.05 billion, a PE ratio of 66.04, a PEG ratio of 4.06 and a beta of 1.16. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.56. Alexandria Real Estate Equities, Inc. has a 1 year low of $102.89 and a 1 year high of $135.45. The company’s 50-day moving average is $115.57 and its two-hundred day moving average is $117.36.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $2.38 by ($1.42). Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. The business had revenue of $791.60 million for the quarter, compared to the consensus estimate of $766.97 million. During the same period last year, the firm earned $2.26 earnings per share. The company’s quarterly revenue was up 10.9% on a year-over-year basis. Equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $1.30 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.20 annualized dividend and a dividend yield of 4.77%. Alexandria Real Estate Equities’s dividend payout ratio is currently 317.07%.

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.