Captrust Financial Advisors Lowers Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Captrust Financial Advisors lessened its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 10.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 13,853 shares of the real estate investment trust’s stock after selling 1,645 shares during the period. Captrust Financial Advisors’ holdings in Alexandria Real Estate Equities were worth $1,351,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ARE. Bank of America Corp DE increased its stake in shares of Alexandria Real Estate Equities by 218.1% during the fourth quarter. Bank of America Corp DE now owns 1,164,554 shares of the real estate investment trust’s stock valued at $113,602,000 after purchasing an additional 798,438 shares in the last quarter. Magnetar Financial LLC purchased a new stake in shares of Alexandria Real Estate Equities in the 4th quarter worth approximately $968,000. Hahn Capital Management LLC raised its stake in Alexandria Real Estate Equities by 50.4% during the fourth quarter. Hahn Capital Management LLC now owns 68,370 shares of the real estate investment trust’s stock valued at $6,669,000 after buying an additional 22,926 shares during the last quarter. CCLA Investment Management raised its stake in Alexandria Real Estate Equities by 4.0% during the fourth quarter. CCLA Investment Management now owns 841,435 shares of the real estate investment trust’s stock valued at $82,023,000 after buying an additional 32,367 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in Alexandria Real Estate Equities by 5.0% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 903,541 shares of the real estate investment trust’s stock valued at $88,140,000 after buying an additional 42,825 shares during the last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Trading Down 2.2%

ARE stock opened at $70.82 on Thursday. The company has a market capitalization of $12.25 billion, a PE ratio of 39.34, a P/E/G ratio of 3.93 and a beta of 1.27. Alexandria Real Estate Equities, Inc. has a 12 month low of $70.15 and a 12 month high of $130.14. The firm’s 50-day moving average is $83.60 and its 200 day moving average is $95.76. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.21.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $2.30 EPS for the quarter, topping the consensus estimate of $2.28 by $0.02. The company had revenue of $758.16 million for the quarter, compared to the consensus estimate of $755.64 million. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. Alexandria Real Estate Equities’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period last year, the business posted $2.35 EPS. On average, research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a dividend yield of 7.46%. The ex-dividend date was Monday, March 31st. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 694.74%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ARE shares. JMP Securities reissued a “market outperform” rating and issued a $130.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 30th. Wedbush reissued a “neutral” rating and set a $104.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. StockNews.com raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, April 3rd. Finally, Jefferies Financial Group started coverage on shares of Alexandria Real Estate Equities in a report on Monday, March 17th. They set a “hold” rating and a $100.00 price target on the stock. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $118.60.

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.