Vontobel Holding Ltd. Lowers Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Vontobel Holding Ltd. trimmed its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 1.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,543 shares of the real estate investment trust’s stock after selling 129 shares during the quarter. Vontobel Holding Ltd.’s holdings in Alexandria Real Estate Equities were worth $896,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Alexandria Real Estate Equities by 0.6% during the first quarter. Vanguard Group Inc. now owns 26,784,689 shares of the real estate investment trust’s stock worth $3,452,814,000 after purchasing an additional 156,643 shares in the last quarter. Canada Pension Plan Investment Board grew 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 worth $476,455,000 after buying an additional 35,216 shares in the last quarter. M&G Plc increased its holdings in shares of 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 during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Alexandria Real Estate Equities by 1.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,050,991 shares of the real estate investment trust’s stock worth $122,934,000 after acquiring an additional 10,576 shares during the last quarter. Finally, Jennison Associates LLC lifted its holdings 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 worth $131,229,000 after acquiring an additional 7,043 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors.

Alexandria Real Estate Equities Stock Up 0.4 %

NYSE ARE opened at $121.79 on Monday. Alexandria Real Estate Equities, Inc. has a 1 year low of $90.73 and a 1 year high of $135.45. The stock has a market capitalization of $21.30 billion, a PE ratio of 113.82, a PEG ratio of 3.99 and a beta of 1.16. 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 business’s 50-day moving average is $118.80 and its 200 day moving average is $118.85.

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). The business had revenue of $766.70 million during the quarter, compared to the consensus estimate of $775.03 million. Alexandria Real Estate Equities had a return on equity of 0.68% and a net margin of 5.09%. Alexandria Real Estate Equities’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.24 earnings per share. Sell-side analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date of this dividend was Monday, September 30th. Alexandria Real Estate Equities’s payout ratio is currently 485.98%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ARE shares. JMP Securities restated a “market outperform” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a research report on Tuesday, July 23rd. Wedbush lowered Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $140.00 to $130.00 in a research note on Wednesday, July 24th. Bank of America downgraded 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. Evercore ISI upped their price objective on shares of Alexandria Real Estate Equities from $126.00 to $127.00 and gave the company an “in-line” rating in a research note on Wednesday, August 28th. Finally, Jefferies Financial Group lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their target price for the company from $136.00 to $127.00 in a report on Friday, August 2nd. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $133.22.

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.