Mutual of America Capital Management LLC Sells 6,375 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Mutual of America Capital Management LLC lowered its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 14.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,467 shares of the real estate investment trust's stock after selling 6,375 shares during the quarter. Mutual of America Capital Management LLC's holdings in Alexandria Real Estate Equities were worth $4,330,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Natixis Advisors LLC raised its holdings in shares of Alexandria Real Estate Equities by 10.0% during the 3rd quarter. Natixis Advisors LLC now owns 120,098 shares of the real estate investment trust's stock valued at $14,262,000 after purchasing an additional 10,917 shares in the last quarter. Empowered Funds LLC raised its holdings in Alexandria Real Estate Equities by 9.8% during the third quarter. Empowered Funds LLC now owns 2,903 shares of the real estate investment trust's stock valued at $345,000 after buying an additional 259 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Alexandria Real Estate Equities by 67.3% in the third quarter. CIBC Asset Management Inc now owns 37,276 shares of the real estate investment trust's stock worth $4,427,000 after buying an additional 14,992 shares during the last quarter. Metis Global Partners LLC boosted its stake in shares of Alexandria Real Estate Equities by 17.0% during the 3rd quarter. Metis Global Partners LLC now owns 36,878 shares of the real estate investment trust's stock worth $4,379,000 after acquiring an additional 5,367 shares in the last quarter. Finally, Zions Bancorporation N.A. increased its holdings in shares of Alexandria Real Estate Equities by 22,994.7% during the 3rd quarter. Zions Bancorporation N.A. now owns 30,254 shares of the real estate investment trust's stock valued at $3,593,000 after acquiring an additional 30,123 shares during the last quarter. 96.54% of the stock is owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Stock Performance

Shares of NYSE:ARE traded up $2.41 during trading on Friday, hitting $108.30. 1,308,487 shares of the stock were exchanged, compared to its average volume of 999,040. The company has a market capitalization of $18.93 billion, a price-to-earnings ratio of 64.60, a price-to-earnings-growth ratio of 3.91 and a beta of 1.16. 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, Inc. has a 1-year low of $102.89 and a 1-year high of $135.45. The company's fifty day simple moving average is $115.89 and its 200-day simple moving average is $117.47.

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 for the quarter, missing analysts' consensus estimates of $2.38 by ($1.42). Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. The business had revenue of $791.60 million for the quarter, compared to analyst estimates of $766.97 million. During the same quarter in the prior year, the firm earned $2.26 EPS. The firm's quarterly revenue was up 10.9% on a year-over-year basis. Sell-side analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 4.80%. The ex-dividend date of this dividend was Monday, September 30th. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently 317.07%.

Wall Street Analyst Weigh In

ARE has been the subject of several analyst reports. Evercore ISI reduced their target price on Alexandria Real Estate Equities from $129.00 to $124.00 and set an "in-line" rating for the company in a report on Wednesday, October 23rd. Jefferies Financial Group lowered shares of Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and lowered their target price for the company from $136.00 to $127.00 in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lowered 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 research report on Friday, November 15th. Robert W. Baird lowered their price target on Alexandria Real Estate Equities from $137.00 to $130.00 and set an "outperform" rating on the stock in a research report on Friday, November 8th. Finally, Wedbush cut 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 report on Wednesday, October 23rd. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $127.30.

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.