Callan Capital LLC Sells 531 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Callan Capital LLC lessened its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 5.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,843 shares of the real estate investment trust’s stock after selling 531 shares during the quarter. Callan Capital LLC’s holdings in Alexandria Real Estate Equities were worth $1,034,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Alexandria Real Estate Equities by 14.1% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 281,833 shares of the real estate investment trust’s stock valued at $36,331,000 after buying an additional 34,854 shares during the last quarter. Hsbc Holdings PLC raised its position in shares of Alexandria Real Estate Equities by 18.3% in the 4th quarter. Hsbc Holdings PLC now owns 545,069 shares of the real estate investment trust’s stock worth $69,245,000 after purchasing an additional 84,479 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in Alexandria Real Estate Equities by 2.9% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 321,624 shares of the real estate investment trust’s stock worth $41,482,000 after purchasing an additional 9,187 shares in the last quarter. Bluefin Capital Management LLC purchased a new stake in Alexandria Real Estate Equities during the 4th quarter valued at about $838,000. Finally, Norden Group LLC bought a new stake in Alexandria Real Estate Equities during the 1st quarter valued at about $963,000. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Down 1.3 %

NYSE ARE opened at $122.22 on Friday. Alexandria Real Estate Equities, Inc. has a 52 week low of $90.73 and a 52 week high of $135.45. 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 company has a market capitalization of $21.37 billion, a P/E ratio of 114.22, a price-to-earnings-growth ratio of 4.20 and a beta of 1.16. The stock’s 50-day moving average price is $118.99 and its 200-day moving average price is $119.89.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results 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 return on equity of 0.68% and a net margin of 5.09%. The firm had revenue of $766.70 million during the quarter, compared to the consensus estimate of $775.03 million. During the same quarter in the previous year, the company earned $2.24 earnings per share. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, equities research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 4.25%. The ex-dividend date of this dividend is Monday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 485.98%.

Analyst Upgrades and Downgrades

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