Alexandria Real Estate Equities, Inc. (NYSE:ARE) Stock Holdings Lifted by Kennedy Capital Management LLC

Kennedy Capital Management LLC grew its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 12.8% in the first quarter, Holdings Channel.com reports. The institutional investor owned 88,761 shares of the real estate investment trust’s stock after buying an additional 10,093 shares during the quarter. Kennedy Capital Management LLC’s holdings in Alexandria Real Estate Equities were worth $11,442,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Oakworth Capital Inc. acquired a new stake in shares of Alexandria Real Estate Equities in the fourth quarter worth about $25,000. Capital Advisors Ltd. LLC acquired a new stake in shares of Alexandria Real Estate Equities in the fourth quarter worth about $25,000. HHM Wealth Advisors LLC lifted its position in shares of Alexandria Real Estate Equities by 340.9% in the fourth quarter. HHM Wealth Advisors LLC now owns 194 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 150 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Alexandria Real Estate Equities by 275.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 233 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 171 shares during the last quarter. Finally, Mather Group LLC. acquired a new stake in shares of Alexandria Real Estate Equities in the first quarter worth about $30,000. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Price Performance

Shares of ARE stock traded up $1.60 during trading hours on Tuesday, hitting $119.02. The company had a trading volume of 1,094,620 shares, compared to its average volume of 922,088. Alexandria Real Estate Equities, Inc. has a 12 month low of $90.73 and a 12 month high of $135.45. The firm has a market capitalization of $20.82 billion, a price-to-earnings ratio of 110.32, a PEG ratio of 2.98 and a beta of 1.15. The firm’s fifty day moving average is $118.50 and its 200 day moving average is $120.77. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.23 and a current ratio of 0.23.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $2.34 by ($2.09). The business had revenue of $766.70 million for the quarter, compared to the consensus estimate of $775.03 million. Alexandria Real Estate Equities had a return on equity of 0.68% and a net margin of 5.09%. The firm’s revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the company earned $2.24 earnings per share. On average, sell-side analysts predict that Alexandria Real Estate Equities, Inc. will post 9.49 EPS for the current fiscal year.

Alexandria Real Estate Equities Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, June 28th. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. This represents a $5.20 dividend on an annualized basis and a yield of 4.37%. Alexandria Real Estate Equities’s dividend payout ratio is 485.99%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Wedbush cut Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $140.00 to $130.00 in a research report on Wednesday, July 24th. Bank of America cut Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $151.00 to $126.00 in a research report on Monday. Evercore ISI cut Alexandria Real Estate Equities from an “outperform” rating to an “inline” rating and cut their price objective for the stock from $133.00 to $126.00 in a research report on Thursday, July 25th. Finally, JMP Securities reissued a “market outperform” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a research report on Tuesday, July 23rd. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Alexandria Real Estate Equities presently has an average rating of “Moderate Buy” and a consensus target price of $132.75.

Insider Buying and Selling

In related news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $4.21, for a total transaction of $631,500.00. Following the sale, the insider now directly owns 6,005,077 shares in the company, valued at approximately $25,281,374.17. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.15% of the stock is owned by corporate insiders.

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.