Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA lowered its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 20.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 82,628 shares of the real estate investment trust’s stock after selling 20,913 shares during the quarter. Leeward Investments LLC MA’s holdings in Alexandria Real Estate Equities were worth $9,766,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in ARE. M&G Plc bought a new stake in Alexandria Real Estate Equities during the 1st quarter valued at $204,001,000. Pathway Financial Advisers LLC grew 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 valued at $169,056,000 after buying an additional 1,411,304 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Alexandria Real Estate Equities by 153.0% during the 1st quarter. Russell Investments Group Ltd. now owns 777,345 shares of the real estate investment trust’s stock valued at $100,205,000 after buying an additional 470,076 shares during the period. Raymond James & Associates raised its position 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 worth $34,539,000 after buying an additional 242,466 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Alexandria Real Estate Equities by 0.6% in 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 acquiring an additional 156,643 shares in the last quarter. Institutional investors own 96.54% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on ARE. Citigroup cut Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $130.00 to $125.00 in a report on Friday, September 13th. Evercore ISI cut their price objective 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. Jefferies Financial Group lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and lowered their target price for the stock from $136.00 to $127.00 in a report on Friday, August 2nd. BMO Capital Markets raised shares of Alexandria Real Estate Equities to a “hold” rating in a report on Wednesday, September 25th. Finally, Bank of America cut shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $151.00 to $126.00 in a research note on Monday, July 29th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $131.22.

Alexandria Real Estate Equities Stock Down 0.8 %

ARE stock opened at $112.98 on Thursday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.20 and a quick ratio of 0.20. The firm has a market capitalization of $19.74 billion, a P/E ratio of 68.89, a P/E/G ratio of 4.15 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a 52-week low of $93.17 and a 52-week high of $135.45. The company’s 50 day simple moving average is $118.23 and its 200-day simple moving average is $118.23.

Alexandria Real Estate Equities (NYSE:ARE) last announced its 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). Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The firm had revenue of $791.60 million for the quarter, compared to analyst estimates of $766.97 million. During the same period last year, the firm earned $2.26 earnings per share. Alexandria Real Estate Equities’s revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.48 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

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

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.