Chartwell Investment Partners LLC Cuts Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Chartwell Investment Partners LLC cut its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 8.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 29,697 shares of the real estate investment trust’s stock after selling 2,751 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Alexandria Real Estate Equities were worth $3,526,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Alexandria Real Estate Equities by 14.1% in the first 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 boosted its stake in Alexandria Real Estate Equities by 2.9% in 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 acquiring an additional 9,187 shares during the last quarter. Vanguard Group Inc. boosted its stake in 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 acquiring an additional 156,643 shares during the last quarter. BDF Gestion purchased a new position in Alexandria Real Estate Equities in the second quarter valued at about $2,560,000. Finally, M&G Plc purchased a new position in Alexandria Real Estate Equities in the first quarter valued at about $204,001,000. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ARE. JMP Securities restated a “market outperform” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a research note on Tuesday, July 23rd. Robert W. Baird decreased their target price on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating on the stock in a report on Friday. BMO Capital Markets raised shares of Alexandria Real Estate Equities to a “hold” rating in a report on Wednesday, September 25th. Bank of America lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $151.00 to $126.00 in a report on Monday, July 29th. Finally, Citigroup lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $130.00 to $125.00 in a report on Friday, September 13th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $131.10.

Alexandria Real Estate Equities Price Performance

Shares of Alexandria Real Estate Equities stock opened at $111.36 on Tuesday. Alexandria Real Estate Equities, Inc. has a 52-week low of $93.17 and a 52-week high of $135.45. The stock has a market capitalization of $19.46 billion, a price-to-earnings ratio of 67.90, a price-to-earnings-growth ratio of 4.27 and a beta of 1.16. The company has a fifty day moving average of $118.04 and a 200-day moving average of $118.14. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.20 and a current ratio of 0.20.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results 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). The firm had revenue of $791.60 million during 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%. Alexandria Real Estate Equities’s revenue was up 10.9% on a year-over-year basis. During the same period last year, the business earned $2.26 EPS. Equities research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.48 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date of this dividend was Monday, September 30th. Alexandria Real Estate Equities’s payout ratio is 317.07%.

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.