Duff & Phelps Investment Management Co. Buys 4,161 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Duff & Phelps Investment Management Co. raised its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 9.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 49,651 shares of the real estate investment trust’s stock after acquiring an additional 4,161 shares during the period. Duff & Phelps Investment Management Co.’s holdings in Alexandria Real Estate Equities were worth $5,896,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Catalyst Capital Advisors LLC acquired a new position in shares of Alexandria Real Estate Equities in the third quarter worth approximately $25,000. Ashton Thomas Securities LLC bought a new position in Alexandria Real Estate Equities during the 3rd quarter worth approximately $30,000. UMB Bank n.a. lifted its position in shares of Alexandria Real Estate Equities by 132.8% in the 2nd quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 154 shares during the period. Rothschild Investment LLC bought a new stake in shares of Alexandria Real Estate Equities in the 2nd quarter valued at $33,000. Finally, Venturi Wealth Management LLC boosted its stake in shares of Alexandria Real Estate Equities by 144.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 180 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Analysts Set New Price Targets

ARE has been the topic of several recent analyst reports. Evercore ISI dropped their target price on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating on the stock in a report on Wednesday, October 23rd. Wedbush reissued an “outperform” rating and issued a $110.00 price objective (down from $120.00) on shares of Alexandria Real Estate Equities in a research report on Friday. JPMorgan Chase & Co. lowered Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and cut their target price for the company from $133.00 to $121.00 in a research report on Wednesday, November 27th. JMP Securities lowered their target price on Alexandria Real Estate Equities from $140.00 to $130.00 and set a “market outperform” rating for the company in a report on Friday, November 15th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $125.00 price target (down 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 four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $125.82.

Alexandria Real Estate Equities Stock Performance

Shares of ARE opened at $103.85 on Monday. Alexandria Real Estate Equities, Inc. has a 52 week low of $102.89 and a 52 week high of $135.45. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.20 and a current ratio of 0.20. The stock has a 50 day moving average price of $112.72 and a two-hundred day moving average price of $116.35. The firm has a market capitalization of $18.15 billion, a P/E ratio of 63.32, a P/E/G ratio of 3.89 and a beta of 1.15.

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

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.