Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd trimmed its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 46.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,651 shares of the real estate investment trust’s stock after selling 23,667 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Alexandria Real Estate Equities were worth $3,284,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Arbor Capital Management Inc. ADV boosted its holdings in Alexandria Real Estate Equities by 1.1% in the second quarter. Arbor Capital Management Inc. ADV now owns 8,639 shares of the real estate investment trust’s stock valued at $1,000,000 after purchasing an additional 93 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in shares of Alexandria Real Estate Equities by 0.7% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 13,544 shares of the real estate investment trust’s stock valued at $1,584,000 after buying an additional 100 shares during the period. Presima Securities ULC grew its position in shares of Alexandria Real Estate Equities by 0.9% during the third quarter. Presima Securities ULC now owns 11,725 shares of the real estate investment trust’s stock worth $1,392,000 after buying an additional 100 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Alexandria Real Estate Equities by 7.9% during the second quarter. GAMMA Investing LLC now owns 1,414 shares of the real estate investment trust’s stock worth $165,000 after buying an additional 103 shares during the period. Finally, PFG Investments LLC raised its holdings in Alexandria Real Estate Equities by 5.1% in the second quarter. PFG Investments LLC now owns 2,392 shares of the real estate investment trust’s stock valued at $280,000 after acquiring an additional 115 shares in the last quarter. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Price Performance

ARE stock opened at $108.33 on Wednesday. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $18.93 billion, a P/E ratio of 66.05, a PEG ratio of 4.27 and a beta of 1.16. The business has a 50 day simple moving average of $117.87 and a 200-day simple moving average of $118.10. Alexandria Real Estate Equities, Inc. has a twelve month low of $93.17 and a twelve month high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $2.38 by ($1.42). The business had revenue of $791.60 million for the quarter, compared to analyst estimates of $766.97 million. Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.26 EPS. As a group, equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.48 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 4.80%. The ex-dividend date was Monday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 317.07%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ARE. Royal Bank of Canada restated a “sector perform” rating and issued a $125.00 price objective (down from $130.00) on shares of Alexandria Real Estate Equities in a report on Thursday, October 24th. Evercore ISI decreased their price target 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. Citigroup downgraded Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $130.00 to $125.00 in a report on Friday, September 13th. Wedbush cut their target price on Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Finally, JMP Securities reiterated a “market outperform” rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a research note on Tuesday, July 23rd. Eight investment 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 stock currently has a consensus rating of “Hold” and an average target price of $131.10.

Alexandria Real Estate Equities Company 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.