Earnest Partners LLC Sells 22,140 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Earnest Partners LLC trimmed its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 4.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 430,203 shares of the real estate investment trust’s stock after selling 22,140 shares during the period. Earnest Partners LLC owned approximately 0.25% of Alexandria Real Estate Equities worth $55,457,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Public Employees Retirement System of Ohio increased its position in shares of Alexandria Real Estate Equities by 0.4% in the first quarter. Public Employees Retirement System of Ohio now owns 315,837 shares of the real estate investment trust’s stock worth $40,715,000 after purchasing an additional 1,198 shares during the last quarter. Truvestments Capital LLC grew its position in Alexandria Real Estate Equities by 22.7% during the first quarter. Truvestments Capital LLC now owns 20,729 shares of the real estate investment trust’s stock valued at $2,672,000 after acquiring an additional 3,830 shares during the last quarter. Toronto Dominion Bank grew its position in Alexandria Real Estate Equities by 18.8% during the first quarter. Toronto Dominion Bank now owns 89,774 shares of the real estate investment trust’s stock valued at $11,573,000 after acquiring an additional 14,180 shares during the last quarter. Stamos Capital Partners L.P. grew its position in Alexandria Real Estate Equities by 24.9% during the first quarter. Stamos Capital Partners L.P. now owns 9,690 shares of the real estate investment trust’s stock valued at $1,249,000 after acquiring an additional 1,930 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its position in Alexandria Real Estate Equities by 2.9% during the first quarter. CANADA LIFE ASSURANCE Co now owns 321,624 shares of the real estate investment trust’s stock valued at $41,482,000 after acquiring an additional 9,187 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors.

Alexandria Real Estate Equities Trading Down 1.3 %

ARE stock traded down $1.52 on Monday, reaching $117.40. The company’s stock had a trading volume of 735,079 shares, compared to its average volume of 920,890. The business has a fifty day simple moving average of $118.62 and a two-hundred day simple moving average of $120.83. Alexandria Real Estate Equities, Inc. has a 12-month low of $90.73 and a 12-month high of $135.45. The firm has a market cap of $20.54 billion, a PE ratio of 109.76, a PEG ratio of 2.98 and a beta of 1.15. 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 quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $2.34 by ($2.09). Alexandria Real Estate Equities had a return on equity of 0.68% and a net margin of 5.09%. The business had revenue of $766.70 million during the quarter, compared to analysts’ expectations of $775.03 million. During the same period in the previous year, the business earned $2.24 EPS. The business’s revenue was up 7.4% compared to the same quarter last year. As a group, research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.49 EPS for the current year.

Alexandria Real Estate Equities Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a $1.30 dividend. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. The ex-dividend date of this dividend was Friday, June 28th. This represents a $5.20 dividend on an annualized basis and a yield of 4.43%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 485.99%.

Analysts Set New Price Targets

A number of research analysts have commented on ARE shares. Evercore ISI cut shares of Alexandria Real Estate Equities from an “outperform” rating to an “inline” rating and reduced their price target for the company from $133.00 to $126.00 in a research report on Thursday. JMP Securities reiterated a “market outperform” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a research report on Tuesday, July 23rd. Bank of America lowered Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $151.00 to $126.00 in a research note on Monday. Finally, Wedbush lowered Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $140.00 to $130.00 in a research note on Wednesday, July 24th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Alexandria Real Estate Equities has a consensus rating of “Moderate Buy” and an average target price of $132.75.

Insider Buying and Selling

In other Alexandria Real Estate Equities news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of the stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $4.21, for a total value of $631,500.00. Following the completion of the transaction, the insider now owns 6,005,077 shares in the company, valued at $25,281,374.17. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.15% of the stock is currently owned by insiders.

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.