Alexandria Real Estate Equities, Inc. (NYSE:ARE) Position Lessened by M&G Plc

M&G PLC reduced its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 1.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,633,857 shares of the real estate investment trust's stock after selling 25,235 shares during the quarter. Alexandria Real Estate Equities comprises about 1.0% of M&G PLC's holdings, making the stock its 20th largest position. M&G PLC owned approximately 0.93% of Alexandria Real Estate Equities worth $194,429,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. Arbor Capital Management Inc. ADV increased its position in Alexandria Real Estate Equities by 1.1% during the second quarter. Arbor Capital Management Inc. ADV now owns 8,639 shares of the real estate investment trust's stock worth $1,000,000 after buying an additional 93 shares in the last quarter. SPC Financial Inc. lifted its holdings in Alexandria Real Estate Equities by 5.4% in the 1st quarter. SPC Financial Inc. now owns 1,950 shares of the real estate investment trust's stock valued at $251,000 after purchasing an additional 100 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Alexandria Real Estate Equities by 0.7% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 13,544 shares of the real estate investment trust's stock worth $1,584,000 after purchasing an additional 100 shares during the last quarter. Presima Securities ULC grew its holdings in shares of Alexandria Real Estate Equities by 0.9% during the third quarter. Presima Securities ULC now owns 11,725 shares of the real estate investment trust's stock worth $1,392,000 after buying an additional 100 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of 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 buying an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company's stock.

Alexandria Real Estate Equities Stock Up 0.6 %

ARE stock traded up $0.68 during midday trading on Thursday, hitting $113.72. 689,547 shares of the company's stock were exchanged, compared to its average volume of 988,627. The stock has a market capitalization of $19.87 billion, a price-to-earnings ratio of 69.36, a price-to-earnings-growth ratio of 4.15 and a beta of 1.16. 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 firm has a 50 day moving average price of $118.23 and a 200-day moving average price of $118.23. Alexandria Real Estate Equities, Inc. has a 12-month low of $93.17 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.38 by ($1.42). The firm had revenue of $791.60 million for the quarter, compared to analyst estimates of $766.97 million. Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The company's quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.26 EPS. On average, analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.48 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders 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 dividend on an annualized basis and a dividend yield of 4.57%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is 317.07%.

Analyst Upgrades and Downgrades

Several research firms have commented on ARE. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $125.00 target price (down from $130.00) on shares of Alexandria Real Estate Equities in a research note on Thursday, October 24th. JMP Securities reissued a "market outperform" rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a research report on Tuesday, July 23rd. Evercore ISI decreased their price target on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an "in-line" rating on the stock in a report on Wednesday, October 23rd. Wedbush cut their target price on Alexandria Real Estate Equities from $130.00 to $120.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 23rd. Finally, Bank of America lowered 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 note on Monday, July 29th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Alexandria Real Estate Equities currently has a consensus rating of "Hold" and a consensus price target of $131.22.

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.