Securian Asset Management Inc. Trims Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Securian Asset Management Inc. lowered its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 2.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,966 shares of the real estate investment trust’s stock after selling 200 shares during the period. Securian Asset Management Inc.’s holdings in Alexandria Real Estate Equities were worth $1,049,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings 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 in the last quarter. Norges Bank bought a new stake in shares of Alexandria Real Estate Equities during the 4th quarter worth about $2,086,085,000. APG Asset Management US Inc. grew its stake in shares of 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 purchasing an additional 39,243 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Alexandria Real Estate Equities by 0.9% in the 4th quarter. Victory Capital Management Inc. now owns 3,747,866 shares of the real estate investment trust’s stock worth $475,117,000 after purchasing an additional 32,122 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position 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 in the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Down 1.9 %

Shares of ARE traded down $2.19 during mid-day trading on Monday, hitting $111.46. 452,375 shares of the company’s stock were exchanged, compared to its average volume of 926,954. The company has a market cap of $19.49 billion, a PE ratio of 105.02, a P/E/G ratio of 4.00 and a beta of 1.15. 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 50-day simple moving average of $117.74 and a 200 day simple moving average of $120.19. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.23 and a quick ratio of 0.23.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.34 by ($2.09). Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. The business had revenue of $766.70 million for the quarter, compared to analyst estimates of $775.03 million. During the same period in the prior year, the business earned $2.24 EPS. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.48 earnings per share 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. Investors of record on Friday, June 28th were given a $1.30 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.67%. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 485.98%.

Analyst Ratings Changes

A number of brokerages recently commented on ARE. Jefferies Financial Group downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and lowered their price objective for the company from $136.00 to $127.00 in a research report on Friday, August 2nd. JMP Securities restated a “market outperform” rating and issued a $140.00 price objective on shares of Alexandria Real Estate Equities in a research note on Tuesday, July 23rd. Evercore ISI lowered shares of Alexandria Real Estate Equities from an “outperform” rating to an “inline” rating and dropped their target price for the stock from $133.00 to $126.00 in a research report on Thursday, July 25th. Bank of America lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and lowered their price target for the company from $151.00 to $126.00 in a report on Monday, July 29th. Finally, Wedbush lowered shares of Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $140.00 to $130.00 in a report on Wednesday, July 24th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $131.22.

Insider Buying and Selling

In other Alexandria Real Estate Equities 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 value of $631,500.00. Following the transaction, the insider now owns 6,005,077 shares in the company, valued at $25,281,374.17. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.15% of the stock is owned by company insiders.

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.