BNP Paribas Financial Markets Purchases 232,817 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

BNP Paribas Financial Markets grew its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 114.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 435,416 shares of the real estate investment trust’s stock after purchasing an additional 232,817 shares during the quarter. BNP Paribas Financial Markets’ holdings in Alexandria Real Estate Equities were worth $51,706,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ARE. Arbor Capital Management Inc. ADV boosted its stake in Alexandria Real Estate Equities by 1.1% in the second quarter. Arbor Capital Management Inc. ADV now owns 8,639 shares of the real estate investment trust’s stock valued at $1,000,000 after acquiring an additional 93 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Alexandria Real Estate Equities by 0.7% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 13,544 shares of the real estate investment trust’s stock worth $1,584,000 after purchasing an additional 100 shares during the last quarter. Presima Securities ULC grew its stake in shares of Alexandria Real Estate Equities by 0.9% during the third quarter. Presima Securities ULC now owns 11,725 shares of the real estate investment trust’s stock worth $1,392,000 after purchasing an additional 100 shares during the period. GAMMA Investing LLC increased its holdings in Alexandria Real Estate Equities by 7.9% in the second quarter. GAMMA Investing LLC now owns 1,414 shares of the real estate investment trust’s stock valued at $165,000 after purchasing an additional 103 shares during the last quarter. Finally, PFG Investments LLC lifted its stake in Alexandria Real Estate Equities by 5.1% in the second quarter. PFG Investments LLC now owns 2,392 shares of the real estate investment trust’s stock valued at $280,000 after buying an additional 115 shares during the period. Institutional investors and hedge funds own 96.54% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. BMO Capital Markets upgraded Alexandria Real Estate Equities to a “hold” rating in a research report on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and decreased their price objective for the company from $135.00 to $112.00 in a report on Friday, November 15th. JMP Securities cut their target price on shares of Alexandria Real Estate Equities from $140.00 to $130.00 and set a “market outperform” rating on the stock in a report on Friday, November 15th. Citigroup lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and decreased their price target for the company from $130.00 to $125.00 in a report on Friday, September 13th. Finally, Robert W. Baird dropped their price objective on Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $126.73.

Alexandria Real Estate Equities Trading Down 1.1 %

NYSE:ARE opened at $110.52 on Friday. The company has a market cap of $19.31 billion, a P/E ratio of 67.39, a price-to-earnings-growth ratio of 4.20 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a twelve month low of $102.89 and a twelve month high of $135.45. The business has a 50 day moving average price of $114.57 and a two-hundred day moving average price of $117.14. 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 (NYSE:ARE) last announced its earnings results on Monday, October 21st. The real estate investment trust reported $0.96 EPS for the quarter, missing the consensus estimate of $2.38 by ($1.42). Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. The business had revenue of $791.60 million for the quarter, compared to analyst estimates of $766.97 million. During the same quarter in the previous year, the company posted $2.26 EPS. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $1.30 per share. The ex-dividend date was Monday, September 30th. This represents a $5.20 annualized dividend and a yield of 4.71%. Alexandria Real Estate Equities’s payout ratio is presently 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.