Harvest Portfolios Group Inc. Purchases 3,724 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Harvest Portfolios Group Inc. lifted its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 92.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,755 shares of the real estate investment trust’s stock after buying an additional 3,724 shares during the period. Harvest Portfolios Group Inc.’s holdings in Alexandria Real Estate Equities were worth $921,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ARE. Catalyst Capital Advisors LLC purchased a new position in shares of Alexandria Real Estate Equities in the third quarter worth $25,000. UMB Bank n.a. raised its stake in shares of Alexandria Real Estate Equities by 132.8% in the second quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 154 shares during the period. Rothschild Investment LLC purchased a new position in shares of Alexandria Real Estate Equities during the 2nd quarter valued at about $33,000. Global X Japan Co. Ltd. bought a new position in shares of Alexandria Real Estate Equities during the 2nd quarter valued at approximately $43,000. Finally, M&R Capital Management Inc. purchased a new stake in Alexandria Real Estate Equities in the 3rd quarter worth approximately $50,000. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ARE shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $125.00 price target (down previously from $130.00) on shares of Alexandria Real Estate Equities in a research note on Thursday, October 24th. Citigroup cut Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $130.00 to $125.00 in a report on Friday, September 13th. Wedbush cut their price objective on shares of Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Jefferies Financial Group downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and lowered their target price for the stock from $136.00 to $127.00 in a report on Friday, August 2nd. Finally, JMP Securities reiterated a “market outperform” rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a report on Tuesday, July 23rd. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Alexandria Real Estate Equities has a consensus rating of “Hold” and a consensus target price of $131.22.

Alexandria Real Estate Equities Stock Down 0.8 %

Shares of NYSE ARE opened at $112.98 on Thursday. The stock has a market capitalization of $19.74 billion, a price-to-earnings ratio of 68.89, a P/E/G ratio of 4.15 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a 12-month low of $93.17 and a 12-month high of $135.45. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.56. The firm’s 50-day moving average price is $118.23 and its 200-day moving average price is $118.23.

Alexandria Real Estate Equities (NYSE:ARE) last announced its 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 return on equity of 1.31% and a net margin of 9.62%. Alexandria Real Estate Equities’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.26 EPS. On average, equities research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.48 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $1.30 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.20 annualized dividend and a dividend yield of 4.60%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 317.07%.

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.