Impax Asset Management Group plc Sells 12,559 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Impax Asset Management Group plc lowered its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 6.2% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 191,483 shares of the real estate investment trust’s stock after selling 12,559 shares during the period. Impax Asset Management Group plc owned approximately 0.11% of Alexandria Real Estate Equities worth $22,739,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. First Trust Direct Indexing L.P. grew its position in Alexandria Real Estate Equities by 20.7% in the 1st quarter. First Trust Direct Indexing L.P. now owns 3,131 shares of the real estate investment trust’s stock worth $404,000 after purchasing an additional 537 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in Alexandria Real Estate Equities by 4.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,180 shares of the real estate investment trust’s stock valued at $3,737,000 after acquiring an additional 1,245 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its holdings in Alexandria Real Estate Equities by 13.5% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,358 shares of the real estate investment trust’s stock valued at $691,000 after acquiring an additional 637 shares during the period. Nordea Investment Management AB boosted its position in Alexandria Real Estate Equities by 4.7% in the first quarter. Nordea Investment Management AB now owns 11,495 shares of the real estate investment trust’s stock worth $1,485,000 after purchasing an additional 516 shares during the last quarter. Finally, Mutual of America Capital Management LLC grew its stake in shares of Alexandria Real Estate Equities by 2.4% during the 1st quarter. Mutual of America Capital Management LLC now owns 44,228 shares of the real estate investment trust’s stock valued at $5,701,000 after purchasing an additional 1,032 shares during the period. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Trading Up 1.9 %

ARE stock opened at $112.99 on Tuesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.20 and a quick ratio of 0.20. Alexandria Real Estate Equities, Inc. has a 1-year low of $93.17 and a 1-year high of $135.45. The business has a 50 day simple moving average of $118.49 and a two-hundred day simple moving average of $118.28. The company has a market capitalization of $19.75 billion, a price-to-earnings ratio of 68.90, a PEG ratio of 4.17 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share (EPS) 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 the consensus estimate of $766.97 million. During the same quarter in the prior year, the firm posted $2.26 earnings per share. The business’s revenue was up 10.9% on a year-over-year basis. Research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.48 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date was Monday, September 30th. Alexandria Real Estate Equities’s payout ratio is 317.07%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ARE shares. BMO Capital Markets raised shares of Alexandria Real Estate Equities to a “hold” rating in a report on Wednesday, September 25th. Citigroup downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and cut their price objective for the company from $130.00 to $125.00 in a research report on Friday, September 13th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $125.00 target price (down from $130.00) on shares of Alexandria Real Estate Equities in a report on Thursday, October 24th. Jefferies Financial Group lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and cut their price target for the company from $136.00 to $127.00 in a report on Friday, August 2nd. Finally, JMP Securities reaffirmed 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. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average 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.