Huntington National Bank Sells 315 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Huntington National Bank trimmed its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 7.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,863 shares of the real estate investment trust’s stock after selling 315 shares during the quarter. Huntington National Bank’s holdings in Alexandria Real Estate Equities were worth $459,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Pathway Financial Advisers LLC lifted its holdings in shares of Alexandria Real Estate Equities by 11,449.8% during the 3rd quarter. Pathway Financial Advisers LLC now owns 1,423,630 shares of the real estate investment trust’s stock valued at $169,056,000 after buying an additional 1,411,304 shares during the period. Raymond James & Associates boosted its holdings in shares of Alexandria Real Estate Equities by 501.1% during the 3rd quarter. Raymond James & Associates now owns 290,857 shares of the real estate investment trust’s stock valued at $34,539,000 after purchasing an additional 242,466 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Alexandria Real Estate Equities by 0.6% during the first 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 purchasing an additional 156,643 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings 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 last quarter. Finally, Swedbank AB purchased a new stake in shares of Alexandria Real Estate Equities during the 1st quarter worth approximately $14,588,000. 96.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on ARE. Royal Bank of Canada reiterated a “sector perform” rating and set a $125.00 price objective (down previously from $130.00) on shares of Alexandria Real Estate Equities in a research report on Thursday, October 24th. Robert W. Baird dropped their target price on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Bank of America cut Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and decreased their price target for the company from $151.00 to $126.00 in a research note on Monday, July 29th. Evercore ISI lowered their price target on Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating for the company in a report on Wednesday, October 23rd. Finally, JMP Securities cut their price objective on shares of Alexandria Real Estate Equities from $140.00 to $130.00 and set a “market outperform” rating on the stock in a report on Friday. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Alexandria Real Estate Equities currently has a consensus rating of “Hold” and a consensus target price of $127.30.

Alexandria Real Estate Equities Price Performance

Alexandria Real Estate Equities stock opened at $105.58 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.20 and a current ratio of 0.20. The company has a market capitalization of $18.45 billion, a price-to-earnings ratio of 64.36, a price-to-earnings-growth ratio of 4.08 and a beta of 1.16. The company’s 50 day simple moving average is $117.10 and its 200-day simple moving average is $117.82. Alexandria Real Estate Equities, Inc. has a 1 year low of $102.24 and a 1 year high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $2.38 by ($1.42). The firm had revenue of $791.60 million for the quarter, compared to analyst estimates of $766.97 million. Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter last year, the company earned $2.26 earnings per share. As a group, equities research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm 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 4.93%. The ex-dividend date of this dividend was Monday, September 30th. Alexandria Real Estate Equities’s payout ratio is 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.