Adelante Capital Management LLC Decreases Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Adelante Capital Management LLC lowered its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 1.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 427,204 shares of the real estate investment trust's stock after selling 7,606 shares during the period. Alexandria Real Estate Equities accounts for approximately 2.3% of Adelante Capital Management LLC's portfolio, making the stock its 8th largest holding. Adelante Capital Management LLC owned 0.24% of Alexandria Real Estate Equities worth $50,730,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in ARE. Pathway Financial Advisers LLC grew its stake 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 worth $169,056,000 after buying an additional 1,411,304 shares in the last quarter. Raymond James & Associates grew its position in Alexandria Real Estate Equities by 501.1% in the third quarter. Raymond James & Associates now owns 290,857 shares of the real estate investment trust's stock worth $34,539,000 after acquiring an additional 242,466 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Alexandria Real Estate Equities by 114.9% in the third quarter. BNP Paribas Financial Markets now owns 435,416 shares of the real estate investment trust's stock valued at $51,706,000 after acquiring an additional 232,817 shares during the last quarter. KBC Group NV raised its position in Alexandria Real Estate Equities by 315.9% during the third quarter. KBC Group NV now owns 169,350 shares of the real estate investment trust's stock valued at $20,110,000 after purchasing an additional 128,634 shares in the last quarter. Finally, Castle Hook Partners LP bought a new stake in Alexandria Real Estate Equities during the third quarter worth about $14,319,000. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ARE has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft cut Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and decreased their price objective for the company from $135.00 to $112.00 in a report on Friday, November 15th. Wedbush lowered their price target on shares of Alexandria Real Estate Equities from $130.00 to $120.00 and set a "neutral" rating for the company in a research note on Wednesday, October 23rd. Robert W. Baird reduced 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. Citigroup lowered Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and lowered their target price for the company from $130.00 to $125.00 in a research note on Friday, September 13th. Finally, JMP Securities reduced their price target on Alexandria Real Estate Equities from $140.00 to $130.00 and set a "market outperform" rating on the stock in a research report on Friday, November 15th. Ten 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 currently has an average rating of "Hold" and an average price target of $126.73.

Alexandria Real Estate Equities Stock Down 0.3 %

Shares of NYSE:ARE traded down $0.29 during trading on Friday, hitting $110.23. The stock had a trading volume of 715,276 shares, compared to its average volume of 1,123,201. The company has a market capitalization of $19.26 billion, a PE ratio of 67.21, a PEG ratio of 4.13 and a beta of 1.16. 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's fifty day moving average is $114.35 and its 200 day moving average is $117.02. Alexandria Real Estate Equities, Inc. has a 12 month low of $102.89 and a 12 month high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.96 EPS for the quarter, missing the consensus estimate 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 analysts' expectations of $766.97 million. During the same period in the prior year, the business posted $2.26 EPS. The business's quarterly revenue was up 10.9% compared to the same quarter last year. Analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently declared 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 4.72%. Alexandria Real Estate Equities's payout ratio is presently 317.07%.

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.