Lincoln Capital Corp Increases Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Lincoln Capital Corp increased its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 15.9% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 2,000 shares of the real estate investment trust’s stock after acquiring an additional 275 shares during the period. Lincoln Capital Corp’s holdings in Alexandria Real Estate Equities were worth $238,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ARE. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Alexandria Real Estate Equities by 14.1% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 281,833 shares of the real estate investment trust’s stock worth $36,331,000 after purchasing an additional 34,854 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its position in Alexandria Real Estate Equities by 2.9% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 321,624 shares of the real estate investment trust’s stock valued at $41,482,000 after buying an additional 9,187 shares during the last quarter. Norden Group LLC acquired a new stake in shares of Alexandria Real Estate Equities during the first quarter valued at about $963,000. Vanguard Group Inc. increased its position in shares of Alexandria Real Estate Equities by 0.6% during the first quarter. Vanguard Group Inc. now owns 26,784,689 shares of the real estate investment trust’s stock worth $3,452,814,000 after acquiring an additional 156,643 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Alexandria Real Estate Equities by 301.6% in the first quarter. SG Americas Securities LLC now owns 71,743 shares of the real estate investment trust’s stock worth $9,248,000 after acquiring an additional 53,877 shares in the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

Shares of ARE stock opened at $113.03 on Friday. The company has a market cap of $19.77 billion, a P/E ratio of 105.63, a PEG ratio of 3.99 and a beta of 1.16. The business has a 50 day moving average of $119.21 and a two-hundred day moving average of $118.77. Alexandria Real Estate Equities, Inc. has a 52 week low of $90.73 and a 52 week high of $135.45. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.55.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data 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). Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. The company 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 firm earned $2.26 EPS. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued 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 dividend payout ratio (DPR) is presently 485.98%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ARE. Jefferies Financial Group lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and cut their target price for the company from $136.00 to $127.00 in a research report on Friday, August 2nd. Citigroup cut shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and cut their price target for the company from $130.00 to $125.00 in a report on Friday, September 13th. Royal Bank of Canada reiterated a “sector perform” rating and set a $125.00 price objective (down from $130.00) on shares of Alexandria Real Estate Equities in a research note on Thursday. Evercore ISI dropped their target price on shares of 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. Finally, Wedbush cut their target price on shares of Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating on the stock in a research note on Wednesday. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $131.22.

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.