Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Acquired by Intact Investment Management Inc.

Intact Investment Management Inc. lifted its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 457.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,130 shares of the real estate investment trust’s stock after buying an additional 41,130 shares during the period. Intact Investment Management Inc.’s holdings in Alexandria Real Estate Equities were worth $5,953,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in ARE. UMB Bank n.a. lifted its position in Alexandria Real Estate Equities by 132.8% during the second quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 154 shares during the period. Rothschild Investment LLC acquired a new position in Alexandria Real Estate Equities during the second quarter valued at $33,000. Global X Japan Co. Ltd. acquired a new position in Alexandria Real Estate Equities during the second quarter valued at $43,000. M&R Capital Management Inc. acquired a new position in Alexandria Real Estate Equities during the third quarter valued at $50,000. Finally, Hilltop National Bank lifted its position in Alexandria Real Estate Equities by 27.0% during the second quarter. Hilltop National Bank now owns 686 shares of the real estate investment trust’s stock valued at $80,000 after purchasing an additional 146 shares during the period. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Citigroup downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and decreased their target price for the company from $130.00 to $125.00 in a research report on Friday, September 13th. BMO Capital Markets raised shares of Alexandria Real Estate Equities to a “hold” rating in a report on Wednesday, September 25th. Bank of America cut shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and cut their price objective for the company from $151.00 to $126.00 in a report on Monday, July 29th. Jefferies Financial Group cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and cut their price objective for the company from $136.00 to $127.00 in a report on Friday, August 2nd. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $140.00 price objective on shares of Alexandria Real Estate Equities in a report on Tuesday, July 23rd. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Alexandria Real Estate Equities has an average rating of “Hold” and a consensus target price of $131.22.

Alexandria Real Estate Equities Stock Up 1.9 %

ARE stock opened at $112.99 on Tuesday. The stock has a market capitalization of $19.75 billion, a P/E ratio of 68.90, a P/E/G ratio of 4.17 and a beta of 1.16. The firm has a 50-day simple moving average of $118.49 and a 200-day simple moving average of $118.28. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.56. Alexandria Real Estate Equities, Inc. has a 52 week low of $93.17 and a 52 week high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, October 21st. The real estate investment trust reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $2.38 by ($1.42). The company had revenue of $791.60 million for the quarter, compared to analysts’ expectations of $766.97 million. Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.26 EPS. Equities analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.48 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $1.30 per share. The ex-dividend date was Monday, September 30th. This represents a $5.20 dividend on an annualized basis and a yield of 4.60%. Alexandria Real Estate Equities’s payout ratio is presently 317.07%.

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.