American Assets Capital Advisers LLC Cuts Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

American Assets Capital Advisers LLC trimmed its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 7.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,174 shares of the real estate investment trust's stock after selling 4,928 shares during the quarter. Alexandria Real Estate Equities makes up approximately 2.2% of American Assets Capital Advisers LLC's investment portfolio, making the stock its 15th biggest holding. American Assets Capital Advisers LLC's holdings in Alexandria Real Estate Equities were worth $7,264,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Arbor Capital Management Inc. ADV boosted its stake in Alexandria Real Estate Equities by 1.1% in the second quarter. Arbor Capital Management Inc. ADV now owns 8,639 shares of the real estate investment trust's stock valued at $1,000,000 after acquiring an additional 93 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Alexandria Real Estate Equities by 0.7% in the second quarter. Oregon Public Employees Retirement Fund now owns 13,544 shares of the real estate investment trust's stock valued at $1,584,000 after acquiring an additional 100 shares in the last quarter. Presima Securities ULC boosted its stake in Alexandria Real Estate Equities by 0.9% in the third quarter. Presima Securities ULC now owns 11,725 shares of the real estate investment trust's stock valued at $1,392,000 after acquiring an additional 100 shares in the last quarter. GAMMA Investing LLC boosted its stake in Alexandria Real Estate Equities by 7.9% in the second quarter. GAMMA Investing LLC now owns 1,414 shares of the real estate investment trust's stock valued at $165,000 after acquiring an additional 103 shares in the last quarter. Finally, PFG Investments LLC boosted its stake in Alexandria Real Estate Equities by 5.1% in the second quarter. PFG Investments LLC now owns 2,392 shares of the real estate investment trust's stock valued at $280,000 after acquiring an additional 115 shares in the last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on ARE. Jefferies Financial Group downgraded shares of Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $136.00 to $127.00 in a research note on Friday, August 2nd. BMO Capital Markets upgraded shares of Alexandria Real Estate Equities to a "hold" rating in a research note on Wednesday, September 25th. Robert W. Baird lowered their price objective on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an "outperform" rating for the company in a research note on Friday. Evercore ISI lowered their price objective 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 note on Wednesday, October 23rd. Finally, Wedbush lowered their price objective 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. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $131.10.

Alexandria Real Estate Equities Stock Performance

ARE traded down $3.03 on Tuesday, reaching $108.33. The stock had a trading volume of 1,034,492 shares, compared to its average volume of 992,083. Alexandria Real Estate Equities, Inc. has a 12-month low of $93.17 and a 12-month high of $135.45. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.56. The business's 50-day moving average price is $117.87 and its two-hundred day moving average price is $118.10. The company has a market cap of $18.93 billion, a P/E ratio of 66.05, a price-to-earnings-growth ratio of 4.27 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share 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 during the quarter, compared to analysts' expectations of $766.97 million. During the same period in the previous year, the firm posted $2.26 EPS. The firm's quarterly revenue was up 10.9% on a year-over-year basis. Sell-side analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.48 earnings per share 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. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.80%. Alexandria Real Estate Equities's dividend payout ratio is currently 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.