Captrust Financial Advisors Has $1.84 Million Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Captrust Financial Advisors increased its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 6.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,498 shares of the real estate investment trust’s stock after purchasing an additional 969 shares during the quarter. Captrust Financial Advisors’ holdings in Alexandria Real Estate Equities were worth $1,840,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Arbor Capital Management Inc. ADV increased its position in Alexandria Real Estate Equities by 1.1% during the 2nd quarter. Arbor Capital Management Inc. ADV now owns 8,639 shares of the real estate investment trust’s stock worth $1,000,000 after purchasing an additional 93 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in Alexandria Real Estate Equities by 0.7% during 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 acquiring an additional 100 shares during the last quarter. Presima Securities ULC grew its holdings in Alexandria Real Estate Equities by 0.9% during the 3rd quarter. Presima Securities ULC now owns 11,725 shares of the real estate investment trust’s stock worth $1,392,000 after acquiring an additional 100 shares during the last quarter. PFG Investments LLC grew its holdings in Alexandria Real Estate Equities by 5.1% during the 2nd quarter. PFG Investments LLC now owns 2,392 shares of the real estate investment trust’s stock worth $280,000 after acquiring an additional 115 shares during the last quarter. Finally, Capital Square LLC grew its holdings in Alexandria Real Estate Equities by 2.1% during the 3rd quarter. Capital Square LLC now owns 5,811 shares of the real estate investment trust’s stock worth $690,000 after acquiring an additional 118 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ARE. Citigroup lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $130.00 to $125.00 in a report on Friday, September 13th. Evercore ISI reduced their target price on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating on the stock in a report on Wednesday, October 23rd. JMP Securities reduced 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. Deutsche Bank Aktiengesellschaft lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their target price for the stock from $135.00 to $112.00 in a report on Friday, November 15th. Finally, Robert W. Baird reduced their target price on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $125.82.

Alexandria Real Estate Equities Stock Down 1.5 %

Shares of NYSE ARE opened at $103.80 on Friday. The firm has a market cap of $18.14 billion, a PE ratio of 63.29, a P/E/G ratio of 4.05 and a beta of 1.14. Alexandria Real Estate Equities, Inc. has a 12-month low of $102.89 and a 12-month high of $135.45. The company’s fifty day simple moving average is $113.06 and its 200 day simple moving average is $116.59. 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 issued its earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.38 by ($1.42). The company had revenue of $791.60 million for the quarter, compared to the consensus estimate 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 was up 10.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.26 earnings per share. As a group, sell-side analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current fiscal year.

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.