Daiwa Securities Group Inc. Sells 40,187 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Daiwa Securities Group Inc. lowered its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 35.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,429 shares of the real estate investment trust's stock after selling 40,187 shares during the period. Daiwa Securities Group Inc.'s holdings in Alexandria Real Estate Equities were worth $8,601,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. BDF Gestion acquired a new stake in Alexandria Real Estate Equities during the 2nd quarter valued at $2,560,000. CIBC Asset Management Inc grew its holdings in Alexandria Real Estate Equities by 67.3% during the 3rd quarter. CIBC Asset Management Inc now owns 37,276 shares of the real estate investment trust's stock valued at $4,427,000 after buying an additional 14,992 shares during the last quarter. Kingswood Wealth Advisors LLC grew its holdings in Alexandria Real Estate Equities by 99.2% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 9,660 shares of the real estate investment trust's stock valued at $1,130,000 after buying an additional 4,811 shares during the last quarter. Pathway Financial Advisers LLC lifted its stake in shares of Alexandria Real Estate Equities by 11,449.8% during 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 purchasing an additional 1,411,304 shares during the period. Finally, LBP AM SA lifted its stake in shares of Alexandria Real Estate Equities by 136.4% during the 1st quarter. LBP AM SA now owns 9,899 shares of the real estate investment trust's stock worth $1,276,000 after purchasing an additional 5,711 shares during the period. Institutional investors and hedge funds own 96.54% of the company's stock.

Alexandria Real Estate Equities Price Performance

Shares of NYSE ARE traded down $0.28 during trading on Tuesday, hitting $111.76. The company had a trading volume of 1,134,849 shares, compared to its average volume of 1,005,425. The company has a market cap of $19.53 billion, a P/E ratio of 68.15, a PEG ratio of 4.06 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a 52 week low of $102.89 and a 52 week high of $135.45. The business's 50-day moving average is $115.32 and its 200 day moving average is $117.30. 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 - Get Free Report) last posted its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.38 by ($1.42). The company had revenue of $791.60 million during the quarter, compared to the consensus estimate of $766.97 million. Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. Alexandria Real Estate Equities's quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the company posted $2.26 EPS. Equities research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share 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. Shareholders of record on Monday, September 30th were issued a $1.30 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.20 annualized dividend and a dividend yield of 4.65%. Alexandria Real Estate Equities's dividend payout ratio is currently 317.07%.

Wall Street Analyst Weigh In

ARE has been the topic of several research reports. Evercore ISI cut their target price on Alexandria Real Estate Equities from $129.00 to $124.00 and set an "in-line" rating on the stock in a research report on Wednesday, October 23rd. Citigroup downgraded 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. Wedbush decreased their price target on 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. Deutsche Bank Aktiengesellschaft cut shares of Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and cut their target price for the stock from $135.00 to $112.00 in a report on Friday, November 15th. Finally, Bank of America cut shares of Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and cut their target price for the stock from $151.00 to $126.00 in a report on Monday, July 29th. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $127.30.

Alexandria Real Estate Equities Company 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.