Alexandria Real Estate Equities, Inc. (NYSE:ARE) Holdings Lowered by APG Asset Management US Inc.

APG Asset Management US Inc. trimmed its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,146,939 shares of the real estate investment trust’s stock after selling 110,000 shares during the period. Alexandria Real Estate Equities makes up 4.7% of APG Asset Management US Inc.’s investment portfolio, making the stock its 4th largest holding. APG Asset Management US Inc. owned about 4.09% of Alexandria Real Estate Equities worth $827,687,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the stock. Fulton Bank N.A. grew its position 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 buying an additional 83 shares during the last quarter. Arbor Capital Management Inc. ADV boosted its stake in 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 worth $1,000,000 after purchasing an additional 93 shares during the period. SPC Financial Inc. boosted its stake in 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 worth $251,000 after purchasing an additional 100 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in 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 worth $1,584,000 after purchasing an additional 100 shares during the period. Finally, GAMMA Investing LLC boosted its stake in 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 worth $165,000 after purchasing an additional 103 shares during the period. 96.54% of the stock is owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Stock Down 0.1 %

Shares of NYSE ARE opened at $124.26 on Thursday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.55. Alexandria Real Estate Equities, Inc. has a 52 week low of $90.73 and a 52 week high of $135.45. The firm has a 50-day moving average price of $118.73 and a 200 day moving average price of $119.77. The stock has a market capitalization of $21.74 billion, a price-to-earnings ratio of 116.13, a price-to-earnings-growth ratio of 4.26 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate 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 quarter last year, the business earned $2.24 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. Equities research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $1.30 per share. The ex-dividend date is Monday, September 30th. This represents a $5.20 annualized dividend and a yield of 4.18%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 485.99%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ARE shares. Bank of America cut shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $151.00 to $126.00 in a research note on Monday, July 29th. Wedbush cut shares of Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $140.00 to $130.00 in a research note on Wednesday, July 24th. Citigroup cut shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $130.00 to $125.00 in a research note on Friday, September 13th. JMP Securities restated a “market outperform” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a research note on Tuesday, July 23rd. Finally, Royal Bank of Canada reduced their target price on shares of Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating for the company in a research note on Monday, August 5th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $130.70.

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.