Thrivent Financial for Lutherans Has $72.39 Million Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Thrivent Financial for Lutherans trimmed its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 42.0% in the third quarter, Holdings Channel reports. The fund owned 609,557 shares of the real estate investment trust’s stock after selling 441,434 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Alexandria Real Estate Equities were worth $72,385,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ARE. CANADA LIFE ASSURANCE Co boosted its stake in shares of 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 valued at $41,482,000 after purchasing an additional 9,187 shares in the last quarter. BDF Gestion acquired a new stake in Alexandria Real Estate Equities during the 2nd quarter worth approximately $2,560,000. Kingswood Wealth Advisors LLC grew its holdings in Alexandria Real Estate Equities by 99.2% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 9,660 shares of the real estate investment trust’s stock worth $1,130,000 after acquiring an additional 4,811 shares during the last quarter. Pathway Financial Advisers LLC increased its position in Alexandria Real Estate Equities by 11,449.8% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,423,630 shares of the real estate investment trust’s stock valued at $169,056,000 after acquiring an additional 1,411,304 shares during the period. Finally, Clearbridge Investments LLC raised its stake in shares of Alexandria Real Estate Equities by 6.3% during the first quarter. Clearbridge Investments LLC now owns 450,275 shares of the real estate investment trust’s stock valued at $58,045,000 after acquiring an additional 26,860 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Down 2.5 %

Shares of NYSE ARE opened at $105.58 on Monday. Alexandria Real Estate Equities, Inc. has a 12-month low of $102.24 and a 12-month high of $135.45. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.56. The firm has a market cap of $18.45 billion, a PE ratio of 64.38, a P/E/G ratio of 3.95 and a beta of 1.16. The company’s fifty day simple moving average is $117.10 and its 200 day simple moving average is $117.84.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.38 by ($1.42). Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. The company had revenue of $791.60 million for the quarter, compared to the consensus estimate of $766.97 million. During the same period last year, the company earned $2.26 EPS. Alexandria Real Estate Equities’s revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, sell-side analysts forecast 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $1.30 per share. The ex-dividend date was Monday, September 30th. This represents a $5.20 annualized dividend and a dividend yield of 4.93%. Alexandria Real Estate Equities’s dividend payout ratio is 317.07%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $135.00 to $112.00 in a research note on Friday. JMP Securities decreased their price target on Alexandria Real Estate Equities from $140.00 to $130.00 and set a “market outperform” rating for the company in a research note on Friday. Robert W. Baird cut their price objective on Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. BMO Capital Markets raised shares of Alexandria Real Estate Equities to a “hold” rating in a research report on Wednesday, September 25th. Finally, Evercore ISI dropped their price target on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 23rd. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $127.30.

About Alexandria Real Estate Equities

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.