Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by Harbor Investment Advisory LLC

Harbor Investment Advisory LLC decreased its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 63.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,100 shares of the real estate investment trust's stock after selling 5,309 shares during the period. Harbor Investment Advisory LLC's holdings in Alexandria Real Estate Equities were worth $368,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in ARE. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Alexandria Real Estate Equities by 14.1% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 281,833 shares of the real estate investment trust's stock worth $36,331,000 after acquiring an additional 34,854 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in Alexandria Real Estate Equities by 2.9% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 321,624 shares of the real estate investment trust's stock valued at $41,482,000 after purchasing an additional 9,187 shares in the last quarter. Bluefin Capital Management LLC acquired a new stake in shares of Alexandria Real Estate Equities during the 4th quarter worth about $838,000. Norden Group LLC acquired a new stake in shares of Alexandria Real Estate Equities during the 1st quarter worth about $963,000. Finally, Vanguard Group Inc. raised its position in shares of Alexandria Real Estate Equities by 0.6% in the first quarter. Vanguard Group Inc. now owns 26,784,689 shares of the real estate investment trust's stock valued at $3,452,814,000 after buying an additional 156,643 shares during the last quarter. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on ARE shares. Citigroup lowered shares of Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $130.00 to $125.00 in a research report on Friday, September 13th. BMO Capital Markets upgraded shares of Alexandria Real Estate Equities to a "hold" rating in a report on Wednesday, September 25th. Jefferies Financial Group downgraded 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 report on Friday, August 2nd. Bank of America lowered shares of Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and decreased their price target for the company from $151.00 to $126.00 in a report on Monday, July 29th. Finally, Royal Bank of Canada dropped their target price on shares of Alexandria Real Estate Equities from $135.00 to $130.00 and set an "outperform" rating for the company in a research report on Monday, August 5th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Alexandria Real Estate Equities has a consensus rating of "Hold" and a consensus target price of $130.70.

Alexandria Real Estate Equities Stock Down 0.4 %

NYSE ARE traded down $0.48 on Friday, hitting $114.90. 1,079,904 shares of the stock traded hands, compared to its average volume of 952,869. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.55. The stock has a 50-day moving average of $118.15 and a 200 day moving average of $119.42. Alexandria Real Estate Equities, Inc. has a twelve month low of $90.73 and a twelve month high of $135.45. The company has a market capitalization of $20.09 billion, a P/E ratio of 107.38, a price-to-earnings-growth ratio of 4.26 and a beta of 1.16.

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). Alexandria Real Estate Equities had a return on equity of 0.68% and a net margin of 5.09%. The business had revenue of $766.70 million during the quarter, compared to analyst estimates of $775.03 million. During the same period in the prior year, the firm earned $2.24 EPS. The business's revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $1.30 per share. The ex-dividend date is Monday, September 30th. This represents a $5.20 annualized dividend and a dividend yield of 4.53%. Alexandria Real Estate Equities's dividend payout ratio is currently 485.98%.

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.