Vert Asset Management LLC Trims Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Vert Asset Management LLC reduced its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 5.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,010 shares of the real estate investment trust’s stock after selling 3,550 shares during the quarter. Alexandria Real Estate Equities makes up approximately 2.5% of Vert Asset Management LLC’s investment portfolio, making the stock its 14th largest position. Vert Asset Management LLC’s holdings in Alexandria Real Estate Equities were worth $7,245,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Alexandria Real Estate Equities by 14.1% during the 1st 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 acquiring an additional 34,854 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its stake in Alexandria Real Estate Equities by 2.9% during the first 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 during the period. Norden Group LLC acquired a new position in Alexandria Real Estate Equities in the 1st quarter valued at about $963,000. Vanguard Group Inc. grew its stake in shares of Alexandria Real Estate Equities by 0.6% in 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 buying an additional 156,643 shares during the period. Finally, SG Americas Securities LLC increased its holdings in shares of Alexandria Real Estate Equities by 301.6% during the 1st quarter. SG Americas Securities LLC now owns 71,743 shares of the real estate investment trust’s stock worth $9,248,000 after buying an additional 53,877 shares during the last quarter. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on ARE shares. Jefferies Financial Group lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $136.00 to $127.00 in a research report on Friday, August 2nd. Evercore ISI increased their price target on Alexandria Real Estate Equities from $126.00 to $127.00 and gave the stock an “in-line” rating in a report on Wednesday, August 28th. JMP Securities restated a “market outperform” rating and issued a $140.00 price objective on shares of Alexandria Real Estate Equities in a report on Tuesday, July 23rd. Royal Bank of Canada decreased their target price on shares of Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating on the stock in a research report on Monday, August 5th. Finally, Citigroup cut shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their price target for the company from $130.00 to $125.00 in a research report on Friday, September 13th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Alexandria Real Estate Equities currently has an average rating of “Hold” and a consensus target price of $133.22.

Alexandria Real Estate Equities Price Performance

Alexandria Real Estate Equities stock opened at $121.79 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’s 50 day moving average is $118.80 and its two-hundred day moving average is $118.92. 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 firm has a market cap of $21.30 billion, a PE ratio of 113.82, a price-to-earnings-growth ratio of 3.99 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, July 22nd. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $2.34 by ($2.09). The company had revenue of $766.70 million for the quarter, compared to analyst estimates of $775.03 million. Alexandria Real Estate Equities had a return on equity of 0.68% and a net margin of 5.09%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.24 earnings per share. On average, research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 4.27%. The ex-dividend date of this dividend was Monday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 485.98%.

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.