Alexandria Real Estate Equities, Inc. (NYSE:ARE) Holdings Trimmed by SG Americas Securities LLC

SG Americas Securities LLC cut its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 34.7% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 30,982 shares of the real estate investment trust's stock after selling 16,472 shares during the period. SG Americas Securities LLC's holdings in Alexandria Real Estate Equities were worth $3,679,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in ARE. The Manufacturers Life Insurance Company raised its position in shares of Alexandria Real Estate Equities by 5.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 136,558 shares of the real estate investment trust's stock valued at $17,311,000 after purchasing an additional 6,459 shares in the last quarter. Rafferty Asset Management LLC raised its position in shares of Alexandria Real Estate Equities by 20.6% in the 4th quarter. Rafferty Asset Management LLC now owns 20,980 shares of the real estate investment trust's stock valued at $2,660,000 after purchasing an additional 3,589 shares in the last quarter. Prudential PLC raised its position in shares of Alexandria Real Estate Equities by 48.8% in the 4th quarter. Prudential PLC now owns 9,024 shares of the real estate investment trust's stock valued at $1,144,000 after purchasing an additional 2,958 shares in the last quarter. Elo Mutual Pension Insurance Co raised its position in shares of Alexandria Real Estate Equities by 4.2% during the 4th quarter. Elo Mutual Pension Insurance Co now owns 14,351 shares of the real estate investment trust's stock valued at $1,819,000 after acquiring an additional 581 shares in the last quarter. Finally, HGI Capital Management LLC acquired a new stake in shares of Alexandria Real Estate Equities during the 4th quarter valued at approximately $2,308,000. 96.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ARE shares. JMP Securities reissued a "market outperform" rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a research report on Tuesday, July 23rd. Jefferies Financial Group lowered Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and dropped their price target for the company from $136.00 to $127.00 in a research report on Friday, August 2nd. BMO Capital Markets raised Alexandria Real Estate Equities to a "hold" rating in a research report on Wednesday, September 25th. Wedbush lowered Alexandria Real Estate Equities from an "outperform" rating to a "neutral" rating and dropped 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 dropped 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 issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $130.70.

Alexandria Real Estate Equities Stock Performance

Shares of NYSE:ARE traded down $1.40 on Monday, hitting $113.50. The company's stock had a trading volume of 1,004,718 shares, compared to its average volume of 953,137. Alexandria Real Estate Equities, Inc. has a 12 month low of $90.73 and a 12 month high of $135.45. The company has a market capitalization of $19.85 billion, a price-to-earnings ratio of 106.07, a price-to-earnings-growth ratio of 4.26 and a beta of 1.16. The stock's 50-day moving average is $118.15 and its two-hundred day moving average is $119.42. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.23 and a current ratio of 0.23.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $775.03 million. During the same period in the previous year, the company posted $2.24 EPS. The company's revenue for the quarter was up 7.4% compared to the same quarter last year. On average, equities research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The company also recently announced 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 of this dividend is Monday, September 30th. This represents a $5.20 annualized dividend and a yield of 4.58%. Alexandria Real Estate Equities's dividend payout ratio is currently 485.98%.

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.