Sarasin & Partners LLP Trims Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Sarasin & Partners LLP cut its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 2.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 41,999 shares of the real estate investment trust’s stock after selling 1,035 shares during the period. Sarasin & Partners LLP’s holdings in Alexandria Real Estate Equities were worth $4,913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Alexandria Real Estate Equities by 14.1% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 281,833 shares of the real estate investment trust’s stock worth $36,331,000 after purchasing an additional 34,854 shares in the last quarter. Hsbc Holdings PLC boosted its position in shares of Alexandria Real Estate Equities by 18.3% during the fourth quarter. Hsbc Holdings PLC now owns 545,069 shares of the real estate investment trust’s stock worth $69,245,000 after acquiring an additional 84,479 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its position in shares of Alexandria Real Estate Equities by 2.9% during the first quarter. CANADA LIFE ASSURANCE Co now owns 321,624 shares of the real estate investment trust’s stock worth $41,482,000 after acquiring an additional 9,187 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Alexandria Real Estate Equities by 19.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 161,070 shares of the real estate investment trust’s stock worth $20,419,000 after acquiring an additional 25,955 shares during the last quarter. Finally, Bluefin Capital Management LLC bought a new position in shares of Alexandria Real Estate Equities during the fourth quarter worth $838,000. 96.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ARE has been the subject of a number of research reports. Wedbush lowered shares of Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $140.00 to $130.00 in a research report on Wednesday, July 24th. JMP Securities restated a “market outperform” rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a research report on Tuesday, July 23rd. Royal Bank of Canada lowered their price objective on shares of Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating for the company in a research report on Monday, August 5th. Evercore ISI lowered shares of Alexandria Real Estate Equities from an “outperform” rating to an “inline” rating and lowered their price objective for the company from $133.00 to $126.00 in a research report on Thursday, July 25th. Finally, Jefferies Financial Group lowered 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. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $131.22.

Alexandria Real Estate Equities Stock Down 0.3 %

NYSE ARE traded down $0.35 during trading on Friday, reaching $114.69. 851,322 shares of the company’s stock traded hands, compared to its average volume of 923,601. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.23 and a quick ratio of 0.23. The firm has a market cap of $20.06 billion, a price-to-earnings ratio of 107.19, a price-to-earnings-growth ratio of 4.00 and a beta of 1.15. The company’s 50 day simple moving average is $117.46 and its two-hundred day simple moving average is $119.85. Alexandria Real Estate Equities, Inc. has a 12-month low of $90.73 and a 12-month high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Monday, July 22nd. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $2.34 by ($2.09). The business had revenue of $766.70 million for the quarter, compared to analysts’ expectations of $775.03 million. Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period last year, the business posted $2.24 EPS. As a group, sell-side analysts forecast 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 announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a $1.30 dividend. The ex-dividend date was Friday, June 28th. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. This represents a $5.20 dividend on an annualized basis and a yield of 4.53%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 485.98%.

Insider Buying and Selling

In related news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $4.21, for a total value of $631,500.00. Following the completion of the sale, the insider now directly owns 6,005,077 shares in the company, valued at approximately $25,281,374.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.15% of the stock is owned by company insiders.

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.