Grandeur Peak Global Advisors LLC Has $449,000 Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Grandeur Peak Global Advisors LLC cut its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 94.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,486 shares of the real estate investment trust’s stock after selling 62,141 shares during the period. Grandeur Peak Global Advisors LLC’s holdings in Alexandria Real Estate Equities were worth $449,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. increased its stake in Alexandria Real Estate Equities by 59.4% in the 4th quarter. Blue Trust Inc. now owns 518 shares of the real estate investment trust’s stock valued at $66,000 after buying an additional 193 shares during the last quarter. Fifth Third Bancorp lifted its holdings in Alexandria Real Estate Equities by 2.3% during the 4th quarter. Fifth Third Bancorp now owns 13,480 shares of the real estate investment trust’s stock worth $1,709,000 after purchasing an additional 298 shares in the last quarter. Cigna Investments Inc. New purchased a new position in Alexandria Real Estate Equities during the fourth quarter valued at approximately $230,000. Oak Thistle LLC bought a new position in shares of Alexandria Real Estate Equities in the fourth quarter worth $417,000. Finally, Ballentine Partners LLC purchased a new stake in shares of Alexandria Real Estate Equities in the 4th quarter valued at about $228,000. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Stock Performance

Shares of Alexandria Real Estate Equities stock traded down $0.02 during trading hours on Wednesday, hitting $119.00. 379,402 shares of the company were exchanged, compared to its average volume of 918,244. Alexandria Real Estate Equities, Inc. has a 1 year low of $90.73 and a 1 year high of $135.45. The stock has a market capitalization of $20.82 billion, a price-to-earnings ratio of 111.23, a P/E/G ratio of 2.94 and a beta of 1.15. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.55. The business has a 50-day moving average of $118.41 and a 200-day moving average of $120.72.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data 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). The company had revenue of $766.70 million for the quarter, compared to analysts’ expectations of $775.03 million. Alexandria Real Estate Equities had a return on equity of 0.68% and a net margin of 5.09%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.24 EPS. As a group, analysts expect that Alexandria Real Estate Equities, Inc. will post 9.48 EPS 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 given a dividend of $1.30 per share. The ex-dividend date was Friday, June 28th. This represents a $5.20 dividend on an annualized basis and a yield of 4.37%. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 485.99%.

Insider Activity

In related news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of Alexandria Real Estate Equities stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $4.21, for a total transaction of $631,500.00. Following the transaction, the insider now owns 6,005,077 shares in the company, valued at approximately $25,281,374.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. JMP Securities reissued a “market outperform” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a research note on Tuesday, July 23rd. Wedbush cut shares of Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $140.00 to $130.00 in a research report on Wednesday, July 24th. Bank of America lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $151.00 to $126.00 in a research note on Monday. Finally, Evercore ISI lowered shares of Alexandria Real Estate Equities from an “outperform” rating to an “inline” rating and cut their target price for the company from $133.00 to $126.00 in a research report on Thursday, July 25th. Four 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 currently has a consensus rating of “Moderate Buy” and a consensus target price 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.