Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by Whalen Wealth Management Inc.

Whalen Wealth Management Inc. trimmed its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 3.6% in the third quarter, HoldingsChannel.com reports. The firm owned 5,801 shares of the real estate investment trust’s stock after selling 214 shares during the quarter. Whalen Wealth Management Inc.’s holdings in Alexandria Real Estate Equities were worth $689,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of ARE. Pathway Financial Advisers LLC grew its holdings in shares of 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 worth $169,056,000 after acquiring an additional 1,411,304 shares during the period. Raymond James & Associates boosted its holdings in shares of Alexandria Real Estate Equities by 501.1% during the third quarter. Raymond James & Associates now owns 290,857 shares of the real estate investment trust’s stock worth $34,539,000 after purchasing an additional 242,466 shares during the last quarter. KBC Group NV boosted its stake in Alexandria Real Estate Equities by 315.9% in the 3rd quarter. KBC Group NV now owns 169,350 shares of the real estate investment trust’s stock worth $20,110,000 after buying an additional 128,634 shares during the last quarter. Swedbank AB purchased a new position in shares of Alexandria Real Estate Equities in the 1st quarter worth $14,588,000. Finally, Renaissance Technologies LLC purchased a new stake in Alexandria Real Estate Equities during the second quarter worth approximately $12,738,000. 96.54% of the stock is owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Trading Down 0.3 %

Alexandria Real Estate Equities stock opened at $105.22 on Tuesday. The company has a market capitalization of $18.39 billion, a price-to-earnings ratio of 64.16, a PEG ratio of 3.95 and a beta of 1.16. The company’s fifty day moving average price is $116.84 and its two-hundred day moving average price is $117.75. Alexandria Real Estate Equities, Inc. has a one year low of $102.24 and a one year high of $135.45. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.20 and a quick ratio of 0.20.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.38 by ($1.42). The company had revenue of $791.60 million for the quarter, compared to the consensus estimate of $766.97 million. Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.26 EPS. On average, 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 announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $1.30 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.20 annualized dividend and a dividend yield of 4.94%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 317.07%.

Analysts Set New Price Targets

A number of equities analysts have commented on ARE shares. JMP Securities cut their price objective on shares of Alexandria Real Estate Equities from $140.00 to $130.00 and set a “market outperform” rating on the stock in a report on Friday. Royal Bank of Canada reiterated a “sector perform” rating and issued a $125.00 price target (down from $130.00) on shares of Alexandria Real Estate Equities in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and cut their price objective for the company from $135.00 to $112.00 in a research note on Friday. BMO Capital Markets upgraded Alexandria Real Estate Equities to a “hold” rating in a report on Wednesday, September 25th. Finally, Citigroup cut Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $130.00 to $125.00 in a research note on Friday, September 13th. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Alexandria Real Estate Equities presently has an average rating of “Hold” and a consensus target price of $127.30.

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.