Grandeur Peak Global Advisors LLC Cuts Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Grandeur Peak Global Advisors LLC trimmed its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 94.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,486 shares of the real estate investment trust’s stock after selling 62,141 shares during the period. Grandeur Peak Global Advisors LLC’s holdings in Alexandria Real Estate Equities were worth $449,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. increased its position in Alexandria Real Estate Equities by 59.4% during the fourth quarter. Blue Trust Inc. now owns 518 shares of the real estate investment trust’s stock worth $66,000 after buying an additional 193 shares in the last quarter. Fifth Third Bancorp increased its position in Alexandria Real Estate Equities by 2.3% during the fourth quarter. Fifth Third Bancorp now owns 13,480 shares of the real estate investment trust’s stock worth $1,709,000 after buying an additional 298 shares in the last quarter. Cigna Investments Inc. New purchased a new position in Alexandria Real Estate Equities during the fourth quarter worth $230,000. Oak Thistle LLC acquired a new stake in shares of Alexandria Real Estate Equities during the fourth quarter worth $417,000. Finally, Ballentine Partners LLC acquired a new stake in shares of Alexandria Real Estate Equities during the fourth quarter worth $228,000. 96.54% of the stock is owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Stock Down 0.0 %

Shares of NYSE:ARE traded down $0.02 during midday trading on Wednesday, reaching $119.00. The company had a trading volume of 379,402 shares, compared to its average volume of 918,244. 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 stock has a market capitalization of $20.82 billion, a P/E ratio of 111.23, a PEG ratio of 2.94 and a beta of 1.15. Alexandria Real Estate Equities, Inc. has a one year low of $90.73 and a one year high of $135.45. The stock’s fifty day moving average price is $118.41 and its 200-day moving average price is $120.72.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.25 EPS 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 company had revenue of $766.70 million for 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. Alexandria Real Estate Equities’s quarterly revenue was up 7.4% compared to the same quarter last year. Equities research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.48 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, June 28th. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.37%. Alexandria Real Estate Equities’s payout ratio is 485.99%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Wedbush downgraded Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $140.00 to $130.00 in a research report on Wednesday, July 24th. Evercore ISI lowered shares of Alexandria Real Estate Equities from an “outperform” rating to an “inline” rating and dropped their price objective for the stock from $133.00 to $126.00 in a research report on Thursday, July 25th. Bank of America lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and reduced their target price for the company from $151.00 to $126.00 in a report on Monday. Finally, JMP Securities reiterated a “market outperform” rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a report on Tuesday, July 23rd. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $132.75.

Insider Buying and Selling at Alexandria Real Estate Equities

In related news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $4.21, for a total transaction of $631,500.00. Following the transaction, the insider now directly owns 6,005,077 shares of the company’s stock, valued at $25,281,374.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.15% of the company’s stock.

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.