Mutual of America Capital Management LLC Has $5.01 Million Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Mutual of America Capital Management LLC cut its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 3.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,842 shares of the real estate investment trust’s stock after selling 1,386 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Alexandria Real Estate Equities were worth $5,011,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC increased its stake in Alexandria Real Estate Equities by 275.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 233 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 171 shares in the last quarter. Mather Group LLC. acquired a new stake in Alexandria Real Estate Equities during the 1st quarter worth $30,000. UMB Bank n.a. lifted its holdings in Alexandria Real Estate Equities by 132.8% during the second quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 154 shares in the last quarter. Rothschild Investment LLC acquired a new position in Alexandria Real Estate Equities in the second quarter valued at about $33,000. Finally, Riverview Trust Co bought a new stake in shares of Alexandria Real Estate Equities in the first quarter worth about $37,000. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Evercore ISI lifted their price objective on Alexandria Real Estate Equities from $126.00 to $127.00 and gave the company an “in-line” rating in a report on Wednesday, August 28th. Citigroup lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and cut their price target for the company from $130.00 to $125.00 in a research note on Friday, September 13th. Bank of America downgraded 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 report on Monday, July 29th. Jefferies Financial Group cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and cut their price objective for the company from $136.00 to $127.00 in a research report on Friday, August 2nd. Finally, Wedbush cut Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $140.00 to $130.00 in a report on Wednesday, July 24th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Alexandria Real Estate Equities currently has an average rating of “Hold” and a consensus price target of $130.70.

Alexandria Real Estate Equities Stock Down 0.8 %

Shares of ARE stock opened at $121.25 on Friday. The firm’s fifty day moving average price is $118.90 and its two-hundred day moving average price is $119.83. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.55. Alexandria Real Estate Equities, Inc. has a 1 year low of $90.73 and a 1 year high of $135.45. The firm has a market capitalization of $21.20 billion, a P/E ratio of 113.32, a PEG ratio of 4.20 and a beta of 1.16.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $2.34 by ($2.09). Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. The company had revenue of $766.70 million during the quarter, compared to analyst estimates of $775.03 million. During the same period in the prior year, the firm posted $2.24 EPS. Alexandria Real Estate Equities’s revenue was up 7.4% compared to the same quarter last year. On average, equities analysts predict that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

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 issued a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 4.29%. The ex-dividend date of this dividend is Monday, September 30th. Alexandria Real Estate Equities’s 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.