Caitong International Asset Management Co. Ltd Acquires 548 Shares of Alexandria Real Estate Equities, Inc. $ARE

Caitong International Asset Management Co. Ltd lifted its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 431.5% in the second quarter, Holdings Channel.com reports. The fund owned 675 shares of the real estate investment trust’s stock after purchasing an additional 548 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in Alexandria Real Estate Equities were worth $49,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Invesco Ltd. lifted its holdings in shares of Alexandria Real Estate Equities by 39.0% during the 1st quarter. Invesco Ltd. now owns 3,147,743 shares of the real estate investment trust’s stock worth $291,198,000 after acquiring an additional 882,963 shares during the period. Northern Trust Corp lifted its holdings in Alexandria Real Estate Equities by 6.2% during the 1st quarter. Northern Trust Corp now owns 2,723,583 shares of the real estate investment trust’s stock valued at $251,959,000 after purchasing an additional 158,177 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Alexandria Real Estate Equities by 2.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,530,184 shares of the real estate investment trust’s stock valued at $234,067,000 after purchasing an additional 63,997 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Alexandria Real Estate Equities by 21.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,849,582 shares of the real estate investment trust’s stock valued at $171,105,000 after purchasing an additional 330,673 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Alexandria Real Estate Equities by 2.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,646,542 shares of the real estate investment trust’s stock valued at $152,322,000 after purchasing an additional 36,468 shares during the last quarter. 96.54% of the stock is owned by institutional investors.

Alexandria Real Estate Equities Trading Up 0.7%

ARE opened at $77.48 on Friday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $13.40 billion, a PE ratio of -595.96, a PEG ratio of 6.50 and a beta of 1.31. Alexandria Real Estate Equities, Inc. has a 1-year low of $67.37 and a 1-year high of $116.90. The firm has a 50-day moving average price of $81.08 and a two-hundred day moving average price of $76.95.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a dividend of $1.32 per share. The ex-dividend date was Tuesday, September 30th. This represents a $5.28 annualized dividend and a dividend yield of 6.8%. Alexandria Real Estate Equities’s payout ratio is currently -4,061.54%.

Wall Street Analyst Weigh In

ARE has been the subject of several analyst reports. BNP Paribas downgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating and set a $82.00 price target for the company. in a report on Wednesday, October 1st. Royal Bank Of Canada cut their price target on shares of Alexandria Real Estate Equities from $100.00 to $98.00 and set a “sector perform” rating for the company in a report on Tuesday, July 29th. BMO Capital Markets initiated coverage on shares of Alexandria Real Estate Equities in a report on Tuesday, September 23rd. They set an “outperform” rating and a $100.00 price target for the company. Jefferies Financial Group started coverage on shares of Alexandria Real Estate Equities in a report on Monday, October 6th. They set a “hold” rating and a $80.00 price target for the company. Finally, Cantor Fitzgerald lowered their price objective on shares of Alexandria Real Estate Equities from $88.00 to $79.00 and set a “neutral” rating for the company in a research report on Monday, October 13th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $95.87.

About Alexandria Real Estate Equities

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.