HM Payson & Co. Sells 100 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

HM Payson & Co. decreased its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 12.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 700 shares of the real estate investment trust’s stock after selling 100 shares during the quarter. HM Payson & Co.’s holdings in Alexandria Real Estate Equities were worth $83,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Arbor Capital Management Inc. ADV increased its position in Alexandria Real Estate Equities by 1.1% during the 2nd quarter. Arbor Capital Management Inc. ADV now owns 8,639 shares of the real estate investment trust’s stock worth $1,000,000 after buying an additional 93 shares during the period. SPC Financial Inc. increased its position in Alexandria Real Estate Equities by 5.4% during the first quarter. SPC Financial Inc. now owns 1,950 shares of the real estate investment trust’s stock worth $251,000 after acquiring an additional 100 shares during the period. Oregon Public Employees Retirement Fund raised its stake in Alexandria Real Estate Equities by 0.7% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 13,544 shares of the real estate investment trust’s stock worth $1,584,000 after purchasing an additional 100 shares in the last quarter. Presima Securities ULC raised its stake in Alexandria Real Estate Equities by 0.9% in the 3rd quarter. Presima Securities ULC now owns 11,725 shares of the real estate investment trust’s stock worth $1,392,000 after purchasing an additional 100 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Alexandria Real Estate Equities by 7.9% in the 2nd quarter. GAMMA Investing LLC now owns 1,414 shares of the real estate investment trust’s stock valued at $165,000 after purchasing an additional 103 shares during the period. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Trading Down 0.6 %

ARE opened at $110.86 on Friday. The company has a market cap of $19.37 billion, a P/E ratio of 67.60, a PEG ratio of 4.24 and a beta of 1.16. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.56. The company’s 50 day moving average is $118.66 and its 200-day moving average is $118.28. Alexandria Real Estate Equities, Inc. has a 1-year low of $93.17 and a 1-year high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $2.38 by ($1.42). Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The company had revenue of $791.60 million during the quarter, compared to analyst estimates of $766.97 million. During the same quarter in the prior year, the business earned $2.26 EPS. The business’s quarterly revenue was up 10.9% on a year-over-year basis. Equities research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.48 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 4.69%. The ex-dividend date was Monday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio is currently 317.07%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. BMO Capital Markets upgraded shares of Alexandria Real Estate Equities to a “hold” rating in a research report on Wednesday, September 25th. Royal Bank of Canada reiterated a “sector perform” rating and set a $125.00 target price (down from $130.00) on shares of Alexandria Real Estate Equities in a research report on Thursday, October 24th. Bank of America lowered Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $151.00 to $126.00 in a report on Monday, July 29th. Jefferies Financial Group downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and dropped their price target for the company from $136.00 to $127.00 in a research note on Friday, August 2nd. Finally, JMP Securities reiterated a “market outperform” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a research note on Tuesday, July 23rd. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus 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.