Leeward Investments LLC MA Lowers Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Leeward Investments LLC MA reduced its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 20.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 82,628 shares of the real estate investment trust's stock after selling 20,913 shares during the quarter. Leeward Investments LLC MA's holdings in Alexandria Real Estate Equities were worth $9,766,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Catalyst Capital Advisors LLC purchased a new stake in shares of Alexandria Real Estate Equities during the third quarter worth about $25,000. UMB Bank n.a. grew its holdings in shares of Alexandria Real Estate Equities by 132.8% during the 2nd quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust's stock worth $32,000 after acquiring an additional 154 shares during the period. Rothschild Investment LLC bought a new stake in shares of Alexandria Real Estate Equities during the second quarter valued at approximately $33,000. Global X Japan Co. Ltd. purchased a new stake in Alexandria Real Estate Equities in the second quarter worth $43,000. Finally, M&R Capital Management Inc. bought a new position in Alexandria Real Estate Equities in the third quarter worth $50,000. Hedge funds and other institutional investors own 96.54% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ARE. Wedbush dropped their target price on shares of Alexandria Real Estate Equities from $130.00 to $120.00 and set a "neutral" rating on the stock in a report on Wednesday, October 23rd. Citigroup cut shares of Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $130.00 to $125.00 in a report on Friday, September 13th. BMO Capital Markets upgraded shares of Alexandria Real Estate Equities to a "hold" rating in a report on Wednesday, September 25th. Bank of America cut Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $151.00 to $126.00 in a research report on Monday, July 29th. Finally, JMP Securities reissued a "market outperform" rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a report on Tuesday, July 23rd. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Alexandria Real Estate Equities currently has an average rating of "Hold" and an average target price of $131.22.

Alexandria Real Estate Equities Stock Performance

Shares of Alexandria Real Estate Equities stock traded up $0.64 during trading on Thursday, hitting $113.68. 731,767 shares of the company's stock traded hands, compared to its average volume of 1,343,914. Alexandria Real Estate Equities, Inc. has a 1 year low of $93.17 and a 1 year high of $135.45. The business has a 50-day simple moving average of $118.23 and a 200-day simple moving average of $118.23. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.20 and a quick ratio of 0.20. The stock has a market capitalization of $19.87 billion, a P/E ratio of 69.32, a PEG ratio of 4.23 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) 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 company had revenue of $791.60 million for the quarter, compared to analysts' expectations of $766.97 million. Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The business's revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.26 EPS. As a group, analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.48 EPS 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. 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 4.57%. Alexandria Real Estate Equities's payout ratio is 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.