Toronto Dominion Bank Lowers Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Toronto Dominion Bank lowered its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 14.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 76,865 shares of the real estate investment trust's stock after selling 12,909 shares during the period. Toronto Dominion Bank's holdings in Alexandria Real Estate Equities were worth $8,991,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Mather Group LLC. purchased a new stake in Alexandria Real Estate Equities in the first quarter valued at $30,000. UMB Bank n.a. raised its holdings in shares of Alexandria Real Estate Equities by 132.8% in the 2nd quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust's stock valued at $32,000 after buying an additional 154 shares during the period. Rothschild Investment LLC purchased a new stake in shares of Alexandria Real Estate Equities in the 2nd quarter valued at $33,000. Riverview Trust Co purchased a new stake in shares of Alexandria Real Estate Equities in the 1st quarter valued at $37,000. Finally, Global X Japan Co. Ltd. purchased a new stake in shares of Alexandria Real Estate Equities in the 2nd quarter valued at $43,000. Institutional investors and hedge funds own 96.54% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Royal Bank of Canada cut their price objective on Alexandria Real Estate Equities from $135.00 to $130.00 and set an "outperform" rating on the stock in a report on Monday, August 5th. JMP Securities reaffirmed a "market outperform" rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a research report on Tuesday, July 23rd. Evercore ISI increased their price target on Alexandria Real Estate Equities from $126.00 to $127.00 and gave the company an "in-line" rating in a research report on Wednesday, August 28th. Wedbush lowered Alexandria Real Estate Equities from an "outperform" rating to a "neutral" rating and reduced their price target for the company from $140.00 to $130.00 in a research report on Wednesday, July 24th. Finally, Bank of America lowered Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and reduced their price target for the company from $151.00 to $126.00 in a research report on Monday, July 29th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Alexandria Real Estate Equities presently has an average rating of "Hold" and an average target price of $130.70.

Alexandria Real Estate Equities Stock Down 0.5 %

Shares of ARE traded down $0.57 during mid-day trading on Friday, reaching $121.02. The company's stock had a trading volume of 1,115,111 shares, compared to its average volume of 937,754. Alexandria Real Estate Equities, Inc. has a 12-month low of $90.73 and a 12-month high of $135.45. The stock has a market cap of $21.16 billion, a PE ratio of 113.11, a price-to-earnings-growth ratio of 4.26 and a beta of 1.16. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.23 and a quick ratio of 0.23. The company's 50 day moving average is $118.46 and its 200 day moving average is $119.77.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $2.34 by ($2.09). The business had revenue of $766.70 million during the quarter, compared to analysts' expectations of $775.03 million. Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. The company's revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.24 EPS. Equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $1.30 per share. The ex-dividend date is Monday, September 30th. This represents a $5.20 dividend on an annualized basis and a yield of 4.30%. Alexandria Real Estate Equities's dividend payout ratio is presently 485.98%.

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.