Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Purchased by Zions Bancorporation N.A.

Zions Bancorporation N.A. raised its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 22,994.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,254 shares of the real estate investment trust’s stock after purchasing an additional 30,123 shares during the quarter. Zions Bancorporation N.A.’s holdings in Alexandria Real Estate Equities were worth $3,593,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Alexandria Real Estate Equities by 14.1% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 281,833 shares of the real estate investment trust’s stock worth $36,331,000 after acquiring an additional 34,854 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its stake in Alexandria Real Estate Equities by 2.9% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 321,624 shares of the real estate investment trust’s stock worth $41,482,000 after buying an additional 9,187 shares during the period. Vanguard Group Inc. lifted its holdings in Alexandria Real Estate Equities by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 26,784,689 shares of the real estate investment trust’s stock worth $3,452,814,000 after buying an additional 156,643 shares in the last quarter. BDF Gestion purchased a new position in Alexandria Real Estate Equities in the 2nd quarter valued at about $2,560,000. Finally, M&G Plc acquired a new stake in shares of Alexandria Real Estate Equities during the first quarter valued at about $204,001,000. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Trading Up 0.6 %

Alexandria Real Estate Equities stock opened at $109.03 on Thursday. The firm has a 50-day moving average price of $117.50 and a two-hundred day moving average price of $117.98. The firm has a market capitalization of $19.05 billion, a price-to-earnings ratio of 66.48, a PEG ratio of 4.05 and a beta of 1.16. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.56. Alexandria Real Estate Equities, Inc. has a 52-week low of $98.55 and a 52-week high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data 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). The company had revenue of $791.60 million for the quarter, compared to the consensus estimate of $766.97 million. Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. Alexandria Real Estate Equities’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.26 earnings per share. Sell-side analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders 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 dividend on an annualized basis and a yield of 4.77%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 317.07%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Citigroup downgraded Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $130.00 to $125.00 in a report on Friday, September 13th. Royal Bank of Canada reissued a “sector perform” rating and issued a $125.00 target price (down previously from $130.00) on shares of Alexandria Real Estate Equities in a research report on Thursday, October 24th. 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. Jefferies Financial Group lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and lowered their price objective for the company from $136.00 to $127.00 in a report on Friday, August 2nd. Finally, BMO Capital Markets upgraded Alexandria Real Estate Equities to a “hold” rating in a research report on Wednesday, September 25th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $131.10.

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.