Alexandria Real Estate Equities, Inc. (NYSE:ARE) Holdings Trimmed by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lowered its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 1.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,903 shares of the real estate investment trust’s stock after selling 1,212 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Alexandria Real Estate Equities were worth $8,723,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. boosted its position in 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 worth $3,452,814,000 after acquiring an additional 156,643 shares during the period. Norges Bank acquired a new position in Alexandria Real Estate Equities in the 4th quarter valued at approximately $2,086,085,000. APG Asset Management US Inc. lifted its position in Alexandria Real Estate Equities by 0.5% in the 4th quarter. APG Asset Management US Inc. now owns 7,216,689 shares of the real estate investment trust’s stock worth $914,860,000 after buying an additional 39,243 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Alexandria Real Estate Equities by 0.9% during the 4th quarter. Victory Capital Management Inc. now owns 3,747,866 shares of the real estate investment trust’s stock valued at $475,117,000 after acquiring an additional 32,122 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Alexandria Real Estate Equities by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,391,396 shares of the real estate investment trust’s stock worth $303,166,000 after acquiring an additional 22,105 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Insider Transactions at Alexandria Real Estate Equities

In related news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of Alexandria Real Estate Equities stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $4.21, for a total transaction of $631,500.00. Following the sale, the insider now directly owns 6,005,077 shares of the company’s stock, valued at $25,281,374.17. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.15% of the company’s stock.

Wall Street Analysts Forecast Growth

ARE has been the topic of several research reports. JMP Securities reaffirmed a “market outperform” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a research report on Tuesday, July 23rd. Jefferies Financial Group lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and cut their price objective for the company from $136.00 to $127.00 in a research report on Friday. Evercore ISI cut shares of 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 note on Thursday, July 25th. Wedbush lowered shares of Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $140.00 to $130.00 in a research note on Wednesday, July 24th. Finally, 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, July 29th. Five research 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, the company currently has a consensus rating of “Hold” and a consensus price target of $132.11.

Alexandria Real Estate Equities Stock Performance

ARE stock traded down $1.66 during mid-day trading on Friday, reaching $113.36. 1,659,539 shares of the stock traded hands, compared to its average volume of 982,947. The firm has a market capitalization of $19.83 billion, a PE ratio of 105.94, a P/E/G ratio of 4.00 and a beta of 1.15. The business has a 50-day moving average of $118.13 and a two-hundred day moving average of $120.53. Alexandria Real Estate Equities, Inc. has a 52 week low of $90.73 and a 52 week high of $135.45. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.55.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $2.34 by ($2.09). Alexandria Real Estate Equities had a return on equity of 0.68% and a net margin of 5.09%. The business had revenue of $766.70 million during the quarter, compared to the consensus estimate of $775.03 million. During the same period in the prior year, the firm earned $2.24 earnings per share. The business’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, equities analysts predict that Alexandria Real Estate Equities, Inc. will post 9.48 EPS for the current fiscal year.

Alexandria Real Estate Equities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 4.59%. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. The ex-dividend date of this dividend was Friday, June 28th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 485.99%.

Alexandria Real Estate Equities 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.