Waterfront Capital Partners LLC Makes New Investment in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Waterfront Capital Partners LLC bought a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 42,069 shares of the real estate investment trust’s stock, valued at approximately $4,996,000. Alexandria Real Estate Equities accounts for 0.7% of Waterfront Capital Partners LLC’s portfolio, making the stock its 28th biggest position.

A number of other institutional investors also recently modified their holdings of the business. BDF Gestion acquired a new position in Alexandria Real Estate Equities in the second quarter valued at about $2,560,000. CIBC Asset Management Inc raised its stake in Alexandria Real Estate Equities by 67.3% during the third quarter. CIBC Asset Management Inc now owns 37,276 shares of the real estate investment trust’s stock worth $4,427,000 after acquiring an additional 14,992 shares in the last quarter. Kingswood Wealth Advisors LLC increased its stake in shares of Alexandria Real Estate Equities by 99.2% in the second quarter. Kingswood Wealth Advisors LLC now owns 9,660 shares of the real estate investment trust’s stock valued at $1,130,000 after buying an additional 4,811 shares during the period. Pathway Financial Advisers LLC increased its stake in shares of Alexandria Real Estate Equities by 11,449.8% in the third quarter. Pathway Financial Advisers LLC now owns 1,423,630 shares of the real estate investment trust’s stock valued at $169,056,000 after buying an additional 1,411,304 shares during the period. Finally, Natixis Advisors LLC boosted its holdings in Alexandria Real Estate Equities by 10.0% in the third quarter. Natixis Advisors LLC now owns 120,098 shares of the real estate investment trust’s stock valued at $14,262,000 after acquiring an additional 10,917 shares during the last quarter. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

Shares of ARE opened at $110.52 on Friday. The company has a market cap of $19.31 billion, a PE ratio of 67.39, a price-to-earnings-growth ratio of 4.20 and a beta of 1.16. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.56. The stock has a 50-day moving average price of $114.57 and a 200-day moving average price of $117.14. Alexandria Real Estate Equities, Inc. has a 12-month low of $102.89 and a 12-month high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $2.38 by ($1.42). The firm had revenue of $791.60 million for the quarter, compared to analysts’ expectations of $766.97 million. Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the business posted $2.26 earnings per share. As a group, equities 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 company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given 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 4.71%. Alexandria Real Estate Equities’s dividend payout ratio is presently 317.07%.

Analyst Ratings Changes

ARE has been the topic of several analyst reports. BMO Capital Markets upgraded Alexandria Real Estate Equities to a “hold” rating in a report on Wednesday, September 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $125.00 target price (down from $130.00) on shares of Alexandria Real Estate Equities in a research report on Thursday, October 24th. JPMorgan Chase & Co. lowered Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $133.00 to $121.00 in a research report on Wednesday. JMP Securities lowered their target price on Alexandria Real Estate Equities from $140.00 to $130.00 and set a “market outperform” rating on the stock in a research report on Friday, November 15th. Finally, Citigroup lowered Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and lowered their price target for the company from $130.00 to $125.00 in a research report on Friday, September 13th. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Alexandria Real Estate Equities presently has a consensus rating of “Hold” and an average price target of $126.73.

About Alexandria Real Estate Equities

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.