HighTower Advisors LLC has increased its holdings in Alexandria Real Estate Equities by 32% in the fourth quarter, In light of the recent news by a filing with the Securities and Exchange Commission. The fund now owns 8,675 shares, worth $1.26m. Other institutional investors, including Guardian Wealth Advisors, First Horizon Advisors, Addison Advisors, Quent Capital and Ronald Blue Trust, have also recently bought and sold shares in the company. Alexandria Real Estate Equities stock rose 0.5% to open at $111.77 on 12 March. The company has a market capitalisation of $19.34bn, a price-to-earnings ratio of 24.67, and a beta of 0.93.
In light of the recent news by a recent filing with the Securities and Exchange Commission, HighTower Advisors LLC has increased its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 32.0% in the fourth quarter. The fund now owns 8,675 shares of the real estate investment trust’s stock, which is worth $1,264,000 as of its most recent SEC filing. This move by HighTower Advisors LLC is just one of many by institutional investors and hedge funds who have recently bought and sold shares of the company.
Guardian Wealth Advisors LLC, for example, recently bought a new position in shares of Alexandria Real Estate Equities in the third quarter valued at approximately $36,000. First Horizon Advisors Inc. also boosted its stake in shares of the real estate investment trust’s stock by 96.9% during the third quarter. Addison Advisors LLC and Quent Capital LLC also increased their stake in the company during the fourth quarter.
Despite these moves by institutional investors, Alexandria Real Estate Equities’ stock has only increased by 0.5%. Shares of ARE stock opened at $111.77 on Friday, with a fifty day moving average of $120.88 and a 200-day moving average of $140.36. The company has a quick ratio of 0.53, a current ratio of 0.53, and a debt-to-equity ratio of 0.51. Alexandria Real Estate Equities, Inc. has a 12-month low of $110.64 and a 12-month high of $172.65. The company has a market capitalization of $19.34 billion, a price-to-earnings ratio of 24.67, a P/E/G ratio of 1.28, and a beta of 0.93.
Investors may be wondering what the future holds for Alexandria Real Estate Equities, especially given the recent moves by institutional investors and hedge funds. In light of the recent news by a recent report by MarketBeat, Alexandria Real Estate Equities has received a consensus rating of “Buy” from the twenty research firms that are currently covering the company. These research firms include JMP Securities, Jefferies Financial Group, Morgan Stanley, and Zacks Investment Research, among others.
Additionally, Alexandria Real Estate Equities recently announced that it has priced an underwritten public offering of $750 million of 2.200% senior notes due 2032. The company plans to use the net proceeds from the offering to repay outstanding indebtedness under its unsecured revolving credit facility and for general corporate purposes.
Overall, it seems that Alexandria Real Estate Equities is in a strong position, despite the recent dip in its stock price. With the support of institutional investors and hedge funds, as well as a favorable consensus rating from research firms, the company is well-positioned to weather any challenges that may arise in the coming months. Investors who are considering adding Alexandria Real Estate Equities to their portfolio may want to keep a close eye on the company’s performance in the coming weeks and months.
