Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by Kavar Capital Partners Group LLC

Kavar Capital Partners Group LLC cut its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 2.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,206 shares of the real estate investment trust’s stock after selling 200 shares during the quarter. Kavar Capital Partners Group LLC’s holdings in Alexandria Real Estate Equities were worth $759,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Proficio Capital Partners LLC acquired a new position in Alexandria Real Estate Equities during the 4th quarter valued at approximately $29,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Alexandria Real Estate Equities by 57.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 109 shares during the period. Colonial Trust Co SC grew its position in shares of Alexandria Real Estate Equities by 514.3% during the fourth quarter. Colonial Trust Co SC now owns 301 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 252 shares during the last quarter. Cary Street Partners Financial LLC bought a new position in shares of Alexandria Real Estate Equities during the fourth quarter worth about $50,000. Finally, True Wealth Design LLC increased its holdings in shares of Alexandria Real Estate Equities by 663.5% in the 4th quarter. True Wealth Design LLC now owns 649 shares of the real estate investment trust’s stock worth $63,000 after acquiring an additional 564 shares during the period. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ARE. Jefferies Financial Group began coverage on shares of Alexandria Real Estate Equities in a research note on Monday, March 17th. They set a “hold” rating and a $100.00 target price for the company. Wall Street Zen upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Thursday, April 3rd. JPMorgan Chase & Co. lowered their target price on Alexandria Real Estate Equities from $117.00 to $95.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 20th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $130.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 30th. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Alexandria Real Estate Equities presently has a consensus rating of “Hold” and a consensus target price of $116.00.

Alexandria Real Estate Equities Stock Down 2.1%

Shares of ARE stock opened at $73.82 on Thursday. Alexandria Real Estate Equities, Inc. has a 1 year low of $67.37 and a 1 year high of $130.14. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.22 and a current ratio of 0.22. The business’s fifty day moving average is $72.56 and its 200-day moving average is $87.84. The stock has a market cap of $12.77 billion, a PE ratio of 97.13, a price-to-earnings-growth ratio of 6.35 and a beta of 1.25.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.28 by $0.02. Alexandria Real Estate Equities had a net margin of 4.62% and a return on equity of 0.64%. The company had revenue of $758.16 million during the quarter, compared to analyst estimates of $755.64 million. During the same quarter last year, the firm posted $2.35 EPS. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. Equities analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $1.32 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $5.28 annualized dividend and a dividend yield of 7.15%. Alexandria Real Estate Equities’s dividend payout ratio is currently 694.74%.

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.