Hilltop National Bank Raises Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Hilltop National Bank raised its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 27.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 686 shares of the real estate investment trust’s stock after buying an additional 146 shares during the period. Hilltop National Bank’s holdings in Alexandria Real Estate Equities were worth $80,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fulton Bank N.A. increased its position in shares of Alexandria Real Estate Equities by 4.2% during the first quarter. Fulton Bank N.A. now owns 2,074 shares of the real estate investment trust’s stock worth $267,000 after purchasing an additional 83 shares in the last quarter. Parkside Financial Bank & Trust increased its position in shares of Alexandria Real Estate Equities by 29.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 376 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 85 shares in the last quarter. SPC Financial Inc. increased its position in shares of Alexandria Real Estate Equities by 5.4% during the first quarter. SPC Financial Inc. now owns 1,950 shares of the real estate investment trust’s stock worth $251,000 after purchasing an additional 100 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Alexandria Real Estate Equities by 7.9% during the second quarter. GAMMA Investing LLC now owns 1,414 shares of the real estate investment trust’s stock worth $165,000 after purchasing an additional 103 shares in the last quarter. Finally, Arbor Capital Management Inc. ADV increased its position in shares of Alexandria Real Estate Equities by 1.3% during the fourth quarter. Arbor Capital Management Inc. ADV now owns 8,606 shares of the real estate investment trust’s stock worth $1,079,000 after purchasing an additional 109 shares in the last quarter. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Stock Performance

ARE traded down $2.95 during trading on Wednesday, reaching $112.27. The company’s stock had a trading volume of 1,037,640 shares, compared to its average volume of 934,464. Alexandria Real Estate Equities, Inc. has a 52-week low of $90.73 and a 52-week high of $135.45. The company’s fifty day moving average price is $117.97 and its 200-day moving average price is $120.38. The company has a market capitalization of $19.63 billion, a price-to-earnings ratio of 107.71, a price-to-earnings-growth ratio of 4.00 and a beta of 1.15. 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 announced its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $2.34 by ($2.09). Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. The business had revenue of $766.70 million during the quarter, compared to analysts’ expectations of $775.03 million. During the same period in the prior year, the firm posted $2.24 EPS. Alexandria Real Estate Equities’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, equities analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.48 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a dividend of $1.30 per share. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. The ex-dividend date was Friday, June 28th. This represents a $5.20 annualized dividend and a dividend yield of 4.63%. Alexandria Real Estate Equities’s payout ratio is 485.98%.

Insider Transactions at Alexandria Real Estate Equities

In other news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of the business’s 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 owns 6,005,077 shares of the company’s stock, valued at approximately $25,281,374.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.15% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Bank of America cut Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and cut their target price for the stock from $151.00 to $126.00 in a research report on Monday, July 29th. Wedbush lowered Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $140.00 to $130.00 in a report on Wednesday, July 24th. Royal Bank of Canada lowered their price target on Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating on the stock in a report on Monday. Evercore ISI lowered Alexandria Real Estate Equities from an “outperform” rating to an “inline” rating and lowered their price target for the stock from $133.00 to $126.00 in a report on Thursday, July 25th. Finally, JMP Securities reissued a “market outperform” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a report on Tuesday, July 23rd. Five analysts have rated the stock with a hold rating and four have issued 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 $131.22.

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.