American Assets Capital Advisers LLC Sells 4,928 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

American Assets Capital Advisers LLC lessened its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 7.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,174 shares of the real estate investment trust’s stock after selling 4,928 shares during the period. Alexandria Real Estate Equities comprises about 2.2% of American Assets Capital Advisers LLC’s holdings, making the stock its 15th largest holding. American Assets Capital Advisers LLC’s holdings in Alexandria Real Estate Equities were worth $7,264,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in ARE. M&G Plc bought a new stake in shares of Alexandria Real Estate Equities during the 1st quarter valued at $204,001,000. Pathway Financial Advisers LLC raised its position in Alexandria Real Estate Equities by 11,449.8% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,423,630 shares of the real estate investment trust’s stock worth $169,056,000 after buying an additional 1,411,304 shares during the last quarter. Raymond James & Associates grew its holdings in shares of Alexandria Real Estate Equities by 501.1% in the third quarter. Raymond James & Associates now owns 290,857 shares of the real estate investment trust’s stock worth $34,539,000 after acquiring an additional 242,466 shares during the period. Vanguard Group Inc. grew its position in shares of Alexandria Real Estate Equities by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 26,784,689 shares of the real estate investment trust’s stock valued at $3,452,814,000 after acquiring an additional 156,643 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Alexandria Real Estate Equities by 138.0% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 206,146 shares of the real estate investment trust’s stock worth $26,149,000 after purchasing an additional 119,541 shares during the period. 96.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on ARE. Evercore ISI reduced their price target on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 23rd. Royal Bank of Canada restated a “sector perform” rating and issued a $125.00 price objective (down from $130.00) on shares of Alexandria Real Estate Equities in a report on Thursday, October 24th. JMP Securities reaffirmed a “market outperform” rating and issued a $140.00 price objective on shares of Alexandria Real Estate Equities in a research report on Tuesday, July 23rd. Jefferies Financial Group cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $136.00 to $127.00 in a research note on Friday, August 2nd. Finally, BMO Capital Markets raised shares of Alexandria Real Estate Equities to a “hold” rating in a research note on Wednesday, September 25th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $131.10.

Alexandria Real Estate Equities Trading Down 1.1 %

Shares of ARE stock traded down $1.18 on Tuesday, reaching $110.18. 147,831 shares of the stock were exchanged, compared to its average volume of 987,961. The firm has a 50 day moving average of $117.87 and a two-hundred day moving average of $118.10. Alexandria Real Estate Equities, Inc. has a 1-year low of $93.17 and a 1-year high of $135.45. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.56. The stock has a market cap of $19.26 billion, a P/E ratio of 67.90, a price-to-earnings-growth ratio of 4.27 and a beta of 1.16.

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

Alexandria Real Estate Equities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $1.30 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.20 annualized dividend and a dividend yield of 4.72%. Alexandria Real Estate Equities’s dividend payout ratio is currently 317.07%.

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.