Jennison Associates LLC Lowers Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Jennison Associates LLC lessened its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 64.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 391,475 shares of the real estate investment trust's stock after selling 716,586 shares during the period. Jennison Associates LLC owned approximately 0.22% of Alexandria Real Estate Equities worth $46,488,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of ARE. Prospera Private Wealth LLC bought a new position in Alexandria Real Estate Equities in the 3rd quarter valued at about $413,000. PNC Financial Services Group Inc. raised its stake in shares of Alexandria Real Estate Equities by 17.4% in the third quarter. PNC Financial Services Group Inc. now owns 146,300 shares of the real estate investment trust's stock worth $17,373,000 after purchasing an additional 21,697 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Alexandria Real Estate Equities in the third quarter worth approximately $9,032,000. Napa Wealth Management lifted its holdings in shares of Alexandria Real Estate Equities by 19.2% in the third quarter. Napa Wealth Management now owns 2,537 shares of the real estate investment trust's stock valued at $301,000 after purchasing an additional 408 shares in the last quarter. Finally, Atlanta Consulting Group Advisors LLC purchased a new position in shares of Alexandria Real Estate Equities during the third quarter valued at approximately $441,000. 96.54% of the stock is currently owned by institutional investors.

Alexandria Real Estate Equities Trading Up 1.7 %

Shares of NYSE ARE traded up $1.75 during midday trading on Friday, reaching $107.64. The company had a trading volume of 520,572 shares, compared to its average volume of 995,569. The stock has a market cap of $18.81 billion, a PE ratio of 64.60, a price-to-earnings-growth ratio of 3.91 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a one year low of $102.89 and a one year high of $135.45. The firm's fifty day moving average price is $115.89 and its 200-day moving average price is $117.47. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.56.

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 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. On average, equities research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm 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 of this dividend was Monday, September 30th. This represents a $5.20 dividend on an annualized basis and a yield of 4.83%. Alexandria Real Estate Equities's dividend payout ratio is presently 317.07%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ARE shares. Deutsche Bank Aktiengesellschaft lowered Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and lowered their price target for the company from $135.00 to $112.00 in a research report on Friday, November 15th. Robert W. Baird lowered 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 report on Friday, November 8th. Wedbush reduced their price objective 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. BMO Capital Markets upgraded Alexandria Real Estate Equities to a "hold" rating in a research report on Wednesday, September 25th. Finally, Evercore ISI dropped their price target on 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. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $127.30.

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.