Price T Rowe Associates Inc. MD Lowers Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Price T Rowe Associates Inc. MD cut its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 0.6% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 926,939 shares of the real estate investment trust’s stock after selling 5,794 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Alexandria Real Estate Equities were worth $119,494,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Truvestments Capital LLC raised its holdings in Alexandria Real Estate Equities by 22.7% in the 1st quarter. Truvestments Capital LLC now owns 20,729 shares of the real estate investment trust’s stock worth $2,672,000 after purchasing an additional 3,830 shares during the period. Toronto Dominion Bank lifted 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 worth $11,573,000 after buying an additional 14,180 shares in the last quarter. Stamos Capital Partners L.P. boosted its position in shares of Alexandria Real Estate Equities by 24.9% during the 1st 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. CANADA LIFE ASSURANCE Co boosted its holdings 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 purchasing an additional 9,187 shares during the last quarter. Finally, American International Group Inc. grew its position in Alexandria Real Estate Equities by 0.4% in the first quarter. American International Group Inc. now owns 41,313 shares of the real estate investment trust’s stock worth $5,326,000 after acquiring an additional 176 shares during the period. Hedge funds and other institutional investors own 96.54% of the company’s stock.

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 that occurred on Tuesday, June 4th. The shares were sold at an average price of $4.21, for a total value of $631,500.00. Following the sale, the insider now directly owns 6,005,077 shares of the company’s stock, valued at approximately $25,281,374.17. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.15% of the stock is owned by insiders.

Alexandria Real Estate Equities Stock Down 1.4 %

Shares of ARE traded down $1.71 during mid-day trading on Monday, hitting $117.21. 197,332 shares of the company’s stock were exchanged, compared to its average volume of 917,156. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.23 and a current ratio of 0.23. The company has a market cap of $20.50 billion, a price-to-earnings ratio of 111.14, a P/E/G ratio of 2.98 and a beta of 1.15. The stock’s 50-day moving average is $118.62 and its 200-day moving average is $120.83. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $90.73 and a fifty-two week high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, July 22nd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.34 by ($2.09). Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. The company had revenue of $766.70 million during the quarter, compared to analysts’ expectations of $775.03 million. During the same quarter last year, the business posted $2.24 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, sell-side analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.49 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a $1.30 dividend. This is a boost 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 annualized dividend and a yield of 4.44%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 485.99%.

Analysts Set New Price Targets

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

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.