Alexandria Real Estate Equities, Inc. (NYSE:ARE) Holdings Boosted by HB Wealth Management LLC

HB Wealth Management LLC boosted its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 28.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,885 shares of the real estate investment trust’s stock after acquiring an additional 853 shares during the period. HB Wealth Management LLC’s holdings in Alexandria Real Estate Equities were worth $359,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Stevens Capital Management LP bought a new position in Alexandria Real Estate Equities in the first quarter worth about $463,000. Assetmark Inc. lifted its holdings in Alexandria Real Estate Equities by 13.1% in the first quarter. Assetmark Inc. now owns 47,398 shares of the real estate investment trust’s stock worth $4,385,000 after acquiring an additional 5,483 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Alexandria Real Estate Equities by 15.4% in the first quarter. Cetera Investment Advisers now owns 29,977 shares of the real estate investment trust’s stock worth $2,773,000 after acquiring an additional 3,997 shares during the last quarter. Avantax Advisory Services Inc. lifted its holdings in Alexandria Real Estate Equities by 33.5% in the first quarter. Avantax Advisory Services Inc. now owns 3,454 shares of the real estate investment trust’s stock worth $320,000 after acquiring an additional 867 shares during the last quarter. Finally, Brookwood Investment Group LLC bought a new position in Alexandria Real Estate Equities in the first quarter worth about $375,000. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Price Performance

Shares of NYSE:ARE opened at $76.01 on Friday. Alexandria Real Estate Equities, Inc. has a 12 month low of $67.37 and a 12 month high of $125.63. The stock has a market cap of $13.15 billion, a price-to-earnings ratio of -584.69, a PEG ratio of 6.44 and a beta of 1.24. The stock’s 50 day moving average price is $74.85 and its 200 day moving average price is $83.82. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.23 and a quick ratio of 0.23.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, July 21st. The real estate investment trust reported $2.33 EPS for the quarter, topping the consensus estimate of $2.29 by $0.04. Alexandria Real Estate Equities had a negative return on equity of 0.05% and a negative net margin of 0.33%. The firm had revenue of $737.28 million for the quarter, compared to analysts’ expectations of $748.02 million. During the same quarter in the previous year, the company earned $2.36 earnings per share. The firm’s quarterly revenue was down .6% compared to the same quarter last year. Equities research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a $1.32 dividend. The ex-dividend date was Monday, June 30th. This represents a $5.28 annualized dividend and a yield of 6.9%. Alexandria Real Estate Equities’s payout ratio is -4,061.54%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Evercore ISI cut their price target on Alexandria Real Estate Equities from $103.00 to $91.00 in a report on Wednesday, April 30th. Wedbush cut their price target on Alexandria Real Estate Equities from $104.00 to $76.00 and set a “neutral” rating on the stock in a report on Wednesday, April 30th. Mizuho cut their price target on Alexandria Real Estate Equities from $121.00 to $91.00 in a report on Thursday, June 12th. BNP Paribas Exane cut their price target on Alexandria Real Estate Equities from $111.00 to $85.00 and set a “neutral” rating on the stock in a report on Tuesday, April 29th. Finally, Baird R W cut their price target on Alexandria Real Estate Equities from $129.00 to $102.00 in a report on Thursday, June 12th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Alexandria Real Estate Equities currently has an average rating of “Hold” and an average price target of $97.17.

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.