Hsbc Holdings PLC Sells 23,142 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Hsbc Holdings PLC reduced its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 4.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 477,221 shares of the real estate investment trust’s stock after selling 23,142 shares during the period. Hsbc Holdings PLC owned 0.27% of Alexandria Real Estate Equities worth $55,704,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Alexandria Real Estate Equities by 14.1% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 281,833 shares of the real estate investment trust’s stock valued at $36,331,000 after buying an additional 34,854 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its position in Alexandria Real Estate Equities by 2.9% in 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 period. Bluefin Capital Management LLC bought a new position in Alexandria Real Estate Equities in the fourth quarter worth approximately $838,000. Norden Group LLC bought a new stake in shares of Alexandria Real Estate Equities during the 1st quarter valued at $963,000. Finally, Vanguard Group Inc. raised its position in shares of Alexandria Real Estate Equities by 0.6% during the 1st 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 purchasing an additional 156,643 shares during the period. 96.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ARE has been the subject of several research analyst reports. Jefferies Financial Group cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and cut their target price for the company from $136.00 to $127.00 in a research note on Friday, August 2nd. JMP Securities restated a “market outperform” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a report on Tuesday, July 23rd. Wedbush downgraded shares of Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and cut their price target for the company from $140.00 to $130.00 in a report on Wednesday, July 24th. Evercore ISI upped their target price on shares of Alexandria Real Estate Equities from $126.00 to $127.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 28th. Finally, Citigroup downgraded shares of 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 research note on Friday, September 13th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Alexandria Real Estate Equities presently has an average rating of “Hold” and a consensus target price of $130.70.

Alexandria Real Estate Equities Price Performance

Shares of ARE stock opened at $121.25 on Friday. 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’s 50-day moving average is $118.90 and its two-hundred day moving average is $119.86. Alexandria Real Estate Equities, Inc. has a 12 month low of $90.73 and a 12 month high of $135.45. The company has a market capitalization of $21.20 billion, a PE ratio of 113.32, a price-to-earnings-growth ratio of 4.20 and a beta of 1.16.

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

Alexandria Real Estate Equities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $1.30 per share. The ex-dividend date is Monday, September 30th. This represents a $5.20 annualized dividend and a dividend yield of 4.29%. Alexandria Real Estate Equities’s dividend payout ratio is presently 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.