Vanguard Personalized Indexing Management LLC Trims Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Vanguard Personalized Indexing Management LLC cut its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 0.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,440 shares of the real estate investment trust’s stock after selling 93 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Alexandria Real Estate Equities were worth $1,687,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its holdings in shares of Alexandria Real Estate Equities by 275.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 233 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 171 shares during the period. Mather Group LLC. purchased a new position in shares of Alexandria Real Estate Equities in the 1st quarter worth about $30,000. UMB Bank n.a. raised its holdings in shares of Alexandria Real Estate Equities by 132.8% in the 2nd quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 154 shares during the period. Rothschild Investment LLC purchased a new position in shares of Alexandria Real Estate Equities in the 2nd quarter worth about $33,000. Finally, Riverview Trust Co purchased a new position in shares of Alexandria Real Estate Equities in the 1st quarter worth about $37,000. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. JMP Securities restated a “market outperform” rating and issued a $140.00 price objective on shares of Alexandria Real Estate Equities in a report on Tuesday, July 23rd. Wedbush downgraded Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $140.00 to $130.00 in a report on Wednesday, July 24th. Royal Bank of Canada dropped their target price on 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. Jefferies Financial Group downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and dropped their target price for the company from $136.00 to $127.00 in a report on Friday, August 2nd. Finally, Bank of America downgraded Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their target price for the company from $151.00 to $126.00 in a report on Monday, July 29th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $130.70.

Alexandria Real Estate Equities Price Performance

Shares of NYSE ARE opened at $121.25 on Friday. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $90.73 and a fifty-two week high of $135.45. The business has a 50 day moving average price of $118.90 and a two-hundred day moving average price of $119.83. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.55. The firm has a market cap 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 issued its quarterly earnings data 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). Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. The business had revenue of $766.70 million for the quarter, compared to analyst estimates of $775.03 million. During the same quarter last year, the business earned $2.24 EPS. Alexandria Real Estate Equities’s revenue for the quarter was up 7.4% compared to the same quarter last year. Sell-side analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

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