Pathway Financial Advisers LLC Boosts Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Pathway Financial Advisers LLC raised its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 11,449.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,423,630 shares of the real estate investment trust’s stock after purchasing an additional 1,411,304 shares during the period. Alexandria Real Estate Equities accounts for approximately 1.1% of Pathway Financial Advisers LLC’s portfolio, making the stock its 28th largest holding. Pathway Financial Advisers LLC’s holdings in Alexandria Real Estate Equities were worth $169,056,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in Alexandria Real Estate Equities by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 26,784,689 shares of the real estate investment trust’s stock valued at $3,452,814,000 after buying an additional 156,643 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Alexandria Real Estate Equities by 0.9% in the second quarter. Canada Pension Plan Investment Board now owns 4,073,312 shares of the real estate investment trust’s stock valued at $476,455,000 after acquiring an additional 35,216 shares in the last quarter. M&G Plc boosted its stake in shares of Alexandria Real Estate Equities by 4.9% during the second quarter. M&G Plc now owns 1,659,092 shares of the real estate investment trust’s stock valued at $194,114,000 after acquiring an additional 77,686 shares during the last quarter. Thrivent Financial for Lutherans increased its position in Alexandria Real Estate Equities by 1.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,050,991 shares of the real estate investment trust’s stock worth $122,934,000 after purchasing an additional 10,576 shares in the last quarter. Finally, Jennison Associates LLC raised its stake in Alexandria Real Estate Equities by 0.7% in the 1st quarter. Jennison Associates LLC now owns 1,017,986 shares of the real estate investment trust’s stock valued at $131,229,000 after purchasing an additional 7,043 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ARE shares. Citigroup cut shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $130.00 to $125.00 in a research note on Friday, September 13th. Wedbush lowered their target price on shares of Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating for the company in a research note on Wednesday. Jefferies Financial Group lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their price target for the stock from $136.00 to $127.00 in a research note on Friday, August 2nd. Bank of America downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and lowered their target price for the company from $151.00 to $126.00 in a report on Monday, July 29th. Finally, BMO Capital Markets raised Alexandria Real Estate Equities to a “hold” rating in a research report on Wednesday, September 25th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $131.22.

Alexandria Real Estate Equities Stock Down 2.9 %

ARE traded down $3.33 during trading hours on Friday, reaching $113.02. 1,215,553 shares of the stock traded hands, compared to its average volume of 980,973. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $90.73 and a fifty-two week high of $135.45. The company has a market cap of $19.77 billion, a price-to-earnings ratio of 105.63, a PEG ratio of 3.99 and a beta of 1.16. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.23 and a quick ratio of 0.23. The firm’s fifty day simple moving average is $119.21 and its two-hundred day simple moving average is $118.77.

Alexandria Real Estate Equities (NYSE:ARE) last announced its 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). Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. 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 prior year, the business earned $2.26 earnings per share. The firm’s revenue was up 10.9% on a year-over-year basis. As a group, analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $1.30 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.60%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 485.98%.

Alexandria Real Estate Equities 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.