Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Purchased by Telos Capital Management Inc.

Telos Capital Management Inc. increased its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 1.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,419 shares of the real estate investment trust’s stock after purchasing an additional 202 shares during the quarter. Telos Capital Management Inc.’s holdings in Alexandria Real Estate Equities were worth $1,336,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of ARE. EverSource Wealth Advisors LLC lifted its holdings in Alexandria Real Estate Equities by 275.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 233 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 171 shares during the period. Mather Group LLC. acquired a new position in Alexandria Real Estate Equities in the first quarter valued at approximately $30,000. UMB Bank n.a. lifted its holdings in Alexandria Real Estate Equities by 132.8% in the second quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 154 shares during the period. Benjamin F. Edwards & Company Inc. acquired a new position in Alexandria Real Estate Equities in the fourth quarter valued at approximately $35,000. Finally, Rothschild Investment LLC acquired a new position in Alexandria Real Estate Equities in the second quarter valued at approximately $33,000. Institutional investors and hedge funds own 96.54% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on ARE. JMP Securities reissued a “market outperform” rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a report on Tuesday, July 23rd. Evercore ISI upped their target price on Alexandria Real Estate Equities from $126.00 to $127.00 and gave the stock an “in-line” rating in a research note on Wednesday. Royal Bank of Canada reduced their target price on Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating for the company in a research note on Monday, August 5th. Jefferies Financial Group downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their target price for the stock from $136.00 to $127.00 in a research note on Friday, August 2nd. Finally, Bank of America downgraded Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $151.00 to $126.00 in a research note on Monday, July 29th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Alexandria Real Estate Equities currently has a consensus rating of “Hold” and a consensus price target of $131.33.

Alexandria Real Estate Equities Trading Up 1.5 %

NYSE:ARE traded up $1.75 during trading hours on Friday, hitting $119.57. The company had a trading volume of 1,036,967 shares, compared to its average volume of 867,957. 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 company has a 50-day moving average of $118.05 and a 200 day moving average of $119.87. The company has a market cap of $20.92 billion, a P/E ratio of 111.75, a P/E/G ratio of 4.17 and a beta of 1.15. Alexandria Real Estate Equities, Inc. has a 1 year low of $90.73 and a 1 year high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last issued 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). The company had revenue of $766.70 million during the quarter, compared to analysts’ expectations of $775.03 million. Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.24 earnings per share. Sell-side analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a dividend of $1.30 per share. The ex-dividend date was Friday, June 28th. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.35%. Alexandria Real Estate Equities’s dividend payout ratio is currently 485.99%.

Insider Transactions at Alexandria Real Estate Equities

In other news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of the stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $4.21, for a total transaction of $631,500.00. Following the completion of the transaction, the insider now directly owns 6,005,077 shares in the company, valued at approximately $25,281,374.17. The transaction was disclosed in a document filed with the SEC, which is accessible 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.