Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by Inspire Investing LLC

Inspire Investing LLC lessened its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 13.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,008 shares of the real estate investment trust’s stock after selling 2,911 shares during the quarter. Inspire Investing LLC’s holdings in Alexandria Real Estate Equities were worth $2,223,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Fulton Bank N.A. boosted its holdings in shares of Alexandria Real Estate Equities by 4.2% in the 1st quarter. Fulton Bank N.A. now owns 2,074 shares of the real estate investment trust’s stock valued at $267,000 after purchasing an additional 83 shares during the last quarter. Arbor Capital Management Inc. ADV lifted its holdings in shares of Alexandria Real Estate Equities by 1.1% during the 2nd 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 acquiring an additional 93 shares in the last quarter. SPC Financial Inc. lifted its holdings in shares of Alexandria Real Estate Equities by 5.4% during the 1st quarter. SPC Financial Inc. now owns 1,950 shares of the real estate investment trust’s stock valued at $251,000 after acquiring an additional 100 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of Alexandria Real Estate Equities by 0.7% during 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 acquiring an additional 100 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Alexandria Real Estate Equities by 7.9% during the 2nd quarter. GAMMA Investing LLC now owns 1,414 shares of the real estate investment trust’s stock valued at $165,000 after acquiring an additional 103 shares in the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ARE. Bank of America lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and reduced their target price for the company from $151.00 to $126.00 in a report on Monday, July 29th. Wedbush lowered shares of Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $140.00 to $130.00 in a report on Wednesday, July 24th. Evercore ISI boosted their price objective on shares of Alexandria Real Estate Equities from $126.00 to $127.00 and gave the stock an “in-line” rating in a report on Wednesday, August 28th. Royal Bank of Canada cut their price objective on shares of Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating on the stock in a report on Monday, August 5th. Finally, Citigroup lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $130.00 to $125.00 in a report on Friday, September 13th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $130.70.

Alexandria Real Estate Equities Price Performance

ARE opened at $123.86 on Thursday. The company has a 50-day moving average of $119.04 and a 200-day moving average of $119.88. The company has a market capitalization of $21.66 billion, a P/E ratio of 115.76, a PEG ratio of 4.20 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a 1-year low of $90.73 and a 1-year high of $135.45. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.23 and a current ratio of 0.23.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, July 22nd. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the consensus estimate of $2.34 by ($2.09). The company had revenue of $766.70 million during the quarter, compared to the consensus estimate of $775.03 million. Alexandria Real Estate Equities had a return on equity of 0.68% and a net margin of 5.09%. Alexandria Real Estate Equities’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.24 EPS. Equities analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 4.20%. The ex-dividend date is Monday, September 30th. Alexandria Real Estate Equities’s payout ratio is currently 485.98%.

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.