Sei Investments Co. Has $1.65 Million Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Sei Investments Co. increased its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 4.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,095 shares of the real estate investment trust’s stock after buying an additional 581 shares during the quarter. Sei Investments Co.’s holdings in Alexandria Real Estate Equities were worth $1,649,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in 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 acquiring an additional 156,643 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in Alexandria Real Estate Equities by 0.9% in the 2nd quarter. Canada Pension Plan Investment Board now owns 4,073,312 shares of the real estate investment trust’s stock valued at $476,455,000 after buying an additional 35,216 shares during the period. M&G Plc lifted its position in Alexandria Real Estate Equities by 4.9% in the 2nd quarter. M&G Plc now owns 1,659,092 shares of the real estate investment trust’s stock worth $194,114,000 after buying an additional 77,686 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of Alexandria Real Estate Equities by 0.7% during the 1st quarter. Jennison Associates LLC now owns 1,017,986 shares of the real estate investment trust’s stock valued at $131,229,000 after buying an additional 7,043 shares during the period. Finally, CCLA Investment Management grew its holdings in shares of Alexandria Real Estate Equities by 0.9% during the 2nd quarter. CCLA Investment Management now owns 809,068 shares of the real estate investment trust’s stock valued at $94,107,000 after acquiring an additional 6,952 shares in the last quarter. 96.54% of the stock is owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Price Performance

Shares of Alexandria Real Estate Equities stock opened at $114.90 on Friday. 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 fifty day simple moving average of $118.15 and a 200-day simple moving average of $119.47. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $20.09 billion, a price-to-earnings ratio of 107.38, a PEG ratio of 4.26 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly 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). The firm had revenue of $766.70 million for the quarter, compared to the consensus estimate of $775.03 million. Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. The firm’s revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the company earned $2.24 earnings per share. On average, sell-side analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm 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 $1.30 dividend. The ex-dividend date is Monday, September 30th. This represents a $5.20 annualized dividend and a dividend yield of 4.53%. Alexandria Real Estate Equities’s dividend payout ratio is 485.98%.

Analyst Upgrades and Downgrades

ARE has been the subject of a number of research reports. 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 research report on Wednesday, August 28th. Royal Bank of Canada lowered their price target on 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. Bank of America downgraded Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $151.00 to $126.00 in a report on Monday, July 29th. BMO Capital Markets upgraded shares of Alexandria Real Estate Equities to a “hold” rating in a research note on Wednesday, September 25th. Finally, Jefferies Financial Group downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and decreased their target price for the stock from $136.00 to $127.00 in a research report on Friday, August 2nd. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Alexandria Real Estate Equities has a consensus rating of “Hold” and a consensus target price of $130.70.

About Alexandria Real Estate Equities

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.