Kovack Advisors Inc. Sells 466 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Kovack Advisors Inc. cut its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 12.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,330 shares of the real estate investment trust’s stock after selling 466 shares during the period. Kovack Advisors Inc.’s holdings in Alexandria Real Estate Equities were worth $395,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Catalyst Capital Advisors LLC bought a new stake in Alexandria Real Estate Equities during the third quarter valued at about $25,000. Ashton Thomas Securities LLC acquired a new stake in Alexandria Real Estate Equities during the 3rd quarter valued at approximately $30,000. UMB Bank n.a. boosted 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 purchasing an additional 154 shares during the last quarter. Rothschild Investment LLC acquired a new stake in Alexandria Real Estate Equities during the second quarter worth about $33,000. Finally, Venturi Wealth Management LLC increased its holdings in Alexandria Real Estate Equities by 144.0% in the third quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 180 shares in the last quarter. Institutional investors own 96.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. BMO Capital Markets upgraded Alexandria Real Estate Equities to a “hold” rating in a research note on Wednesday, September 25th. 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. Bank of America lowered Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their target price for the company from $151.00 to $126.00 in a report on Monday, July 29th. Wedbush reduced their target price on Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Finally, Jefferies Financial Group downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their price objective for the company from $136.00 to $127.00 in a research report on Friday, August 2nd. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $131.10.

Alexandria Real Estate Equities Price Performance

Alexandria Real Estate Equities stock opened at $108.26 on Friday. The firm’s 50-day moving average is $117.50 and its two-hundred day moving average is $117.98. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.20 and a quick ratio of 0.20. The stock has a market capitalization of $18.92 billion, a P/E ratio of 66.01, a P/E/G ratio of 4.05 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a 12-month low of $102.24 and a 12-month high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share for the quarter, missing the consensus estimate of $2.38 by ($1.42). The business had revenue of $791.60 million during the quarter, compared to analyst estimates of $766.97 million. Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The company’s revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.26 earnings per share. Equities analysts predict that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $1.30 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.20 annualized dividend and a dividend yield of 4.80%. Alexandria Real Estate Equities’s payout ratio is currently 317.07%.

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.