Vinva Investment Management Ltd Boosts Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Vinva Investment Management Ltd boosted its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 574.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 39,885 shares of the real estate investment trust’s stock after purchasing an additional 33,968 shares during the period. Vinva Investment Management Ltd’s holdings in Alexandria Real Estate Equities were worth $4,827,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. BDF Gestion purchased a new position in Alexandria Real Estate Equities during the second quarter valued at approximately $2,560,000. CIBC Asset Management Inc grew its stake in Alexandria Real Estate Equities by 67.3% during the third quarter. CIBC Asset Management Inc now owns 37,276 shares of the real estate investment trust’s stock valued at $4,427,000 after acquiring an additional 14,992 shares in the last quarter. Kingswood Wealth Advisors LLC grew its stake in Alexandria Real Estate Equities by 99.2% during the second quarter. Kingswood Wealth Advisors LLC now owns 9,660 shares of the real estate investment trust’s stock valued at $1,130,000 after acquiring an additional 4,811 shares in the last quarter. Pathway Financial Advisers LLC grew its stake in Alexandria Real Estate Equities by 11,449.8% during the third 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 in the last quarter. Finally, Natixis Advisors LLC grew its stake in Alexandria Real Estate Equities by 10.0% during the third quarter. Natixis Advisors LLC now owns 120,098 shares of the real estate investment trust’s stock valued at $14,262,000 after acquiring an additional 10,917 shares in the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Trading Down 1.1 %

Shares of ARE opened at $110.52 on Friday. The firm has a 50 day moving average price of $114.57 and a 200-day moving average price of $117.14. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $102.89 and a fifty-two week high of $135.45. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.20 and a current ratio of 0.20. The firm has a market cap of $19.31 billion, a price-to-earnings ratio of 67.39, a PEG ratio of 4.20 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $2.38 by ($1.42). Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The firm had revenue of $791.60 million for the quarter, compared to the consensus estimate of $766.97 million. During the same quarter in the prior year, the company earned $2.26 earnings per share. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. As a group, equities research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors 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 dividend on an annualized basis and a yield of 4.71%. Alexandria Real Estate Equities’s dividend payout ratio is currently 317.07%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Evercore ISI dropped their target price on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating for the company in a research report on Wednesday, October 23rd. Robert W. Baird dropped their target price on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Jefferies Financial Group lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and dropped their target price for the company from $136.00 to $127.00 in a research report on Friday, August 2nd. JPMorgan Chase & Co. lowered shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $133.00 to $121.00 in a research report on Wednesday. Finally, BMO Capital Markets upgraded shares of Alexandria Real Estate Equities to a “hold” rating in a research report on Wednesday, September 25th. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $126.73.

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.