Raleigh Capital Management Inc. Has $766,000 Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Raleigh Capital Management Inc. increased its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 3,932.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,452 shares of the real estate investment trust’s stock after acquiring an additional 6,292 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Alexandria Real Estate Equities were worth $766,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Mather Group LLC. acquired a new position in shares of Alexandria Real Estate Equities during the first quarter valued at about $30,000. Park Avenue Securities LLC increased its holdings in Alexandria Real Estate Equities by 22.1% during the 1st quarter. Park Avenue Securities LLC now owns 3,550 shares of the real estate investment trust’s stock worth $458,000 after purchasing an additional 642 shares in the last quarter. Riverview Trust Co bought a new position in shares of Alexandria Real Estate Equities in the first quarter valued at approximately $37,000. Thompson Investment Management Inc. boosted its position in shares of Alexandria Real Estate Equities by 0.4% during the first quarter. Thompson Investment Management Inc. now owns 29,390 shares of the real estate investment trust’s stock valued at $3,789,000 after buying an additional 128 shares during the last quarter. Finally, Security National Bank grew its holdings in Alexandria Real Estate Equities by 18.1% during the first quarter. Security National Bank now owns 18,232 shares of the real estate investment trust’s stock worth $2,350,000 after buying an additional 2,793 shares in the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

Shares of ARE stock opened at $119.52 on Tuesday. The company has a market capitalization of $20.90 billion, a P/E ratio of 111.70, a PEG ratio of 3.99 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $90.73 and a fifty-two week high of $135.45. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.23 and a current ratio of 0.23. The stock has a 50 day moving average price of $118.96 and a two-hundred day moving average price of $118.83.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $2.34 by ($2.09). The firm had revenue of $766.70 million for the quarter, compared to the consensus estimate of $775.03 million. Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.24 earnings per share. Analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date of this dividend was Monday, September 30th. Alexandria Real Estate Equities’s payout ratio is 485.98%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. BMO Capital Markets raised shares of Alexandria Real Estate Equities to a “hold” rating in a report on Wednesday, September 25th. Bank of America downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $151.00 to $126.00 in a research report on Monday, July 29th. JMP Securities reiterated a “market outperform” rating and issued a $140.00 price objective on shares of Alexandria Real Estate Equities in a research note on Tuesday, July 23rd. Royal Bank of Canada cut their price objective on Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating on the stock in a research report on Monday, August 5th. Finally, Evercore ISI boosted their target price on shares of Alexandria Real Estate Equities from $126.00 to $127.00 and gave the company an “in-line” rating in a research note on Wednesday, August 28th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Alexandria Real Estate Equities has an average rating of “Hold” and a consensus target price of $133.22.

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.