Blue Trust Inc. Has $513,000 Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Blue Trust Inc. lifted its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 731.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,983 shares of the real estate investment trust’s stock after buying an additional 3,504 shares during the quarter. Blue Trust Inc.’s holdings in Alexandria Real Estate Equities were worth $513,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Cerity Partners LLC bought a new position in shares of Alexandria Real Estate Equities in the 4th quarter worth about $1,772,000. Simplicity Solutions LLC acquired a new position in Alexandria Real Estate Equities in the fourth quarter valued at approximately $208,000. Louisiana State Employees Retirement System bought a new position in shares of Alexandria Real Estate Equities during the 4th quarter worth approximately $1,204,000. Oakworth Capital Inc. acquired a new stake in shares of Alexandria Real Estate Equities during the 4th quarter worth approximately $25,000. Finally, Greenleaf Trust bought a new stake in shares of Alexandria Real Estate Equities in the 4th quarter valued at $265,000. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Down 0.3 %

Alexandria Real Estate Equities stock traded down $0.35 during trading on Friday, hitting $114.69. 851,322 shares of the company were exchanged, compared to its average volume of 923,601. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.55. The business’s 50 day moving average is $117.46 and its 200 day moving average is $119.87. Alexandria Real Estate Equities, Inc. has a 52 week low of $90.73 and a 52 week high of $135.45. The company has a market capitalization of $20.06 billion, a P/E ratio of 107.19, a PEG ratio of 4.00 and a beta of 1.15.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Monday, July 22nd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.34 by ($2.09). Alexandria Real Estate Equities had a return on equity of 0.68% and a net margin of 5.09%. The firm had revenue of $766.70 million during the quarter, compared to the consensus estimate of $775.03 million. During the same quarter in the previous year, the company earned $2.24 EPS. The business’s revenue was up 7.4% compared to the same quarter last year. Analysts predict that Alexandria Real Estate Equities, Inc. will post 9.48 earnings per share for the current year.

Alexandria Real Estate Equities Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $5.20 annualized dividend and a dividend yield of 4.53%. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 485.98%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ARE. JMP Securities reissued a “market outperform” rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a research note on Tuesday, July 23rd. Wedbush cut shares of Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $140.00 to $130.00 in a research report on Wednesday, July 24th. Evercore ISI lowered Alexandria Real Estate Equities from an “outperform” rating to an “inline” rating and decreased their target price for the company from $133.00 to $126.00 in a research report on Thursday, July 25th. Bank of America lowered Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and cut their price target for the stock from $151.00 to $126.00 in a report on Monday, July 29th. Finally, Jefferies Financial Group downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and decreased their price objective for the company from $136.00 to $127.00 in a report on Friday, August 2nd. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $131.22.

Insider Transactions at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $4.21, for a total value of $631,500.00. Following the transaction, the insider now owns 6,005,077 shares of the company’s stock, valued at $25,281,374.17. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.15% of the company’s stock.

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.