Napa Wealth Management Purchases 408 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Napa Wealth Management grew its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 19.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 2,537 shares of the real estate investment trust’s stock after acquiring an additional 408 shares during the period. Napa Wealth Management’s holdings in Alexandria Real Estate Equities were worth $301,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Catalyst Capital Advisors LLC bought a new position in shares of Alexandria Real Estate Equities in the 3rd quarter valued at $25,000. Ashton Thomas Securities LLC bought a new position in shares of Alexandria Real Estate Equities in the 3rd quarter valued at $30,000. UMB Bank n.a. lifted its stake in shares of Alexandria Real Estate Equities by 132.8% in the 2nd 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 last quarter. Rothschild Investment LLC bought a new position in shares of Alexandria Real Estate Equities in the 2nd quarter valued at $33,000. Finally, Venturi Wealth Management LLC raised its position in Alexandria Real Estate Equities by 144.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 180 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ARE has been the subject of several analyst reports. Citigroup lowered Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $130.00 to $125.00 in a research report on Friday, September 13th. Jefferies Financial Group lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and lowered their target price for the stock from $136.00 to $127.00 in a research report on Friday, August 2nd. Robert W. Baird lowered their target price on Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. BMO Capital Markets raised Alexandria Real Estate Equities to a “hold” rating in a research report on Wednesday, September 25th. Finally, Evercore ISI lowered their price objective on Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating for the company in a research report on Wednesday, October 23rd. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $127.30.

Alexandria Real Estate Equities Stock Performance

Shares of ARE opened at $105.30 on Monday. 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 50-day moving average of $117.10 and a 200-day moving average of $117.84. The company has a market cap of $18.40 billion, a PE ratio of 64.38, a P/E/G ratio of 3.95 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a one year low of $102.24 and a one year high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share (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 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%. Alexandria Real Estate Equities’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.26 EPS. On average, equities research analysts predict 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 declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $1.30 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.20 dividend on an annualized basis and a yield of 4.94%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) 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.