Kavar Capital Partners Group LLC Has $1.47 Million Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Kavar Capital Partners Group LLC cut its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 13.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,388 shares of the real estate investment trust’s stock after selling 1,986 shares during the quarter. Kavar Capital Partners Group LLC’s holdings in Alexandria Real Estate Equities were worth $1,471,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ARE. M&G Plc acquired a new position in Alexandria Real Estate Equities during the 1st quarter worth about $204,001,000. Pathway Financial Advisers LLC raised its position in shares of Alexandria Real Estate Equities by 11,449.8% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,423,630 shares of the real estate investment trust’s stock worth $169,056,000 after acquiring an additional 1,411,304 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Alexandria Real Estate Equities by 153.0% in the 1st quarter. Russell Investments Group Ltd. now owns 777,345 shares of the real estate investment trust’s stock worth $100,205,000 after acquiring an additional 470,076 shares in the last quarter. DAVENPORT & Co LLC bought a new position in shares of Alexandria Real Estate Equities in the 1st quarter worth about $55,075,000. Finally, Raymond James & Associates raised its position in shares of Alexandria Real Estate Equities by 501.1% in the 3rd quarter. Raymond James & Associates now owns 290,857 shares of the real estate investment trust’s stock worth $34,539,000 after acquiring an additional 242,466 shares in the last quarter. 96.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ARE shares. Citigroup lowered Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $130.00 to $125.00 in a research report on Friday, September 13th. Bank of America lowered Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and decreased their target price for the company from $151.00 to $126.00 in a research report on Monday, July 29th. Jefferies Financial Group lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and decreased their target price for the company from $136.00 to $127.00 in a research report on Friday, August 2nd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $125.00 target price (down from $130.00) on shares of Alexandria Real Estate Equities in a research report on Thursday. Finally, Wedbush decreased their target price on Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating for the company in a research report on Wednesday. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $131.22.

Alexandria Real Estate Equities Price Performance

ARE stock opened at $113.02 on Friday. Alexandria Real Estate Equities, Inc. has a 52-week low of $90.73 and a 52-week high of $135.45. The business has a 50-day simple moving average of $119.17 and a two-hundred day simple moving average of $118.60. The company has a market capitalization of $19.77 billion, a P/E ratio of 105.63, a price-to-earnings-growth ratio of 3.99 and a beta of 1.16. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.23 and a current ratio of 0.23.

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 analysts’ consensus estimates of $2.38 by ($1.42). Alexandria Real Estate Equities had a return on equity of 0.68% and a net margin of 5.09%. The business had revenue of $791.60 million during the quarter, compared to analysts’ expectations of $766.97 million. During the same quarter in the previous year, the firm earned $2.26 EPS. Alexandria Real Estate Equities’s quarterly revenue was up 10.9% on a year-over-year basis. Research 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $1.30 dividend. The ex-dividend date of this dividend 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 payout ratio is presently 485.98%.

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.