Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by Amalgamated Bank

Amalgamated Bank trimmed its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 1.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,844 shares of the real estate investment trust’s stock after selling 566 shares during the period. Amalgamated Bank’s holdings in Alexandria Real Estate Equities were worth $3,842,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ARE. Vanguard Group Inc. lifted its holdings in shares of Alexandria Real Estate Equities by 0.6% in the first 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 buying an additional 156,643 shares during the period. APG Asset Management US Inc. boosted its position in shares of Alexandria Real Estate Equities by 0.5% during the 4th quarter. APG Asset Management US Inc. now owns 7,216,689 shares of the real estate investment trust’s stock valued at $914,860,000 after purchasing an additional 39,243 shares in the last quarter. M&G Plc grew its stake 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 purchasing an additional 77,686 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of Alexandria Real Estate Equities by 0.7% in 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 purchasing an additional 7,043 shares in the last quarter. Finally, CCLA Investment Management lifted its stake in Alexandria Real Estate Equities by 10.0% during the first quarter. CCLA Investment Management now owns 802,116 shares of the real estate investment trust’s stock valued at $102,637,000 after purchasing an additional 73,123 shares during the last quarter. 96.54% of the stock is owned by institutional investors.

Alexandria Real Estate Equities Stock Down 0.8 %

ARE stock opened at $121.25 on Monday. The company has a 50 day moving average of $118.90 and a two-hundred day moving average of $119.81. The company has a market cap of $21.20 billion, a price-to-earnings ratio of 113.32, a PEG ratio of 4.20 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a 12-month low of $90.73 and a 12-month 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.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.34 by ($2.09). The firm had revenue of $766.70 million for the quarter, compared to analysts’ expectations 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 revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.24 earnings per share. On average, equities analysts anticipate 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 business 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 of this dividend is Monday, September 30th. This represents a $5.20 annualized dividend and a yield of 4.29%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 485.98%.

Analysts Set New Price Targets

Several research firms have issued reports on ARE. Evercore ISI upped their price target on Alexandria Real Estate Equities from $126.00 to $127.00 and gave the company an “in-line” rating in a report on Wednesday, August 28th. JMP Securities reaffirmed a “market outperform” rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a report on Tuesday, July 23rd. Royal Bank of Canada dropped their price target on Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating on the stock in a research note on Monday, August 5th. Jefferies Financial Group lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their price objective for the company from $136.00 to $127.00 in a research note on Friday, August 2nd. Finally, Bank of America downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $151.00 to $126.00 in a research report on Monday, July 29th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $130.70.

Alexandria Real Estate Equities Company 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.